Calls are growing for a credit bureau to protect citizens from unscrupulous banking practices, despite Dubai prosecutors announcing that 555 bad-cheque charges against Emiratis have been dismissed.
Fadhel Al Mansoori, 25, an Air Force cadet, said he and his Emirati friends were often pressured into getting loans.
"I was never planning on getting a loan but they told me I would have instant cash, which is why I got it," Mr Al Mansoori said. "They try to lure us, that is true."
Calls for loan checks and UAE credit bureau grow despite bad debt ruling - The National
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