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Can I pay the fine to close a credit card if the bank asks for huge amount to settle?

Dear Team,

I have an issue with my credit card, which was issued in 2013 and I used the same till 2018, all the payments had done on time.

Unfortunately, last time in 2018, I was troubled by a financial crisis. Due to the same, I had some amount pending on my credit card, and in 2018, I went to my home country as I lost my job.

This year, two months back, I came back to UAE. Now the bank team is asking for a huge amount for the settlement.

Could you please advise me on how to close this case with the fine by the court?

متميز
أميري محامون ومستشارون قانونيون
دردشة توظيف
اجتماع
16 May 2023, 09:59

The fine is for offenses only. Non-payment of loans is not a crime.

There is no legal way to not pay the loan.

It is only possible if the bank raises a case, asking the judge to pay the amount in installments.

متميز
كي إتش إي للاستشارات القانونية
دردشة توظيف
اجتماع
16 May 2023, 10:52

You will get a clearance certificate from the bank after paying the last installment, and you can remove the travel ban.

If you have any concerns, we can make a security inquiry about you. We can conduct a quick examination of the legal precedents to see if there are any pending or existing cases or travel bans against you.

حمدان الكعبي للمحاماة والاستشارات القانونية
دردشة
توظيف
اجتماع
16 May 2023, 11:58

Unfortunately, you will have to enter a settlement plan with the bank.

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