أسئلة وأجوبة
How to come back to the UAE if I left with a credit card debt that accrued through time?
In 2010, I was permanently banned from the UAE. At that time, I had a credit card from a bank with a limit of AED 5,000.
Due to harsh circumstances, I was unable to inform the bank before being deported by the authorities.
I did inform the bank afterward but, due to inflation and my financial situation, I was unable to repay the debt.
It has now been 14 years, and the bank is still pursuing me for the outstanding credit card balance, including the accrued interest, which now amounts to approximately AED 143,000.
I would like to inquire if I am still liable to pay this amount after all these years, including the interest. I have heard that banks typically do not follow up on such small amounts (AED 5,000) for an extended period.
Could you please provide assistance and clarification on this matter?
Dealing with outstanding debts, especially those that have accumulated over a long period can be complex. Here are some key points to consider regarding your situation:
1. Statute of Limitations: In the UAE, the statute of limitations for debt collection is typically 15 years for civil claims. Since it has been 14 years since the debt was incurred, it's possible that the bank is still within the statute of limitations period and can legally pursue the outstanding debt.
2. Interest Accrual: Banks may continue to accrue interest on unpaid debts, which can significantly increase the total amount owed over time. The amount you mentioned, approximately AED 143,000, likely includes the original debt amount plus accrued interest.
3. Legal Action: If the bank decides to pursue legal action to recover the debt, they may obtain a court judgment against you. This judgment could allow them to enforce the debt through various means, such as asset seizure or garnishment of wages.
4. Negotiation: It may be possible to negotiate a settlement with the bank to resolve the outstanding debt. You could potentially reach an agreement to repay a portion of the debt in exchange for the bank waiving some of the accrued interest or agreeing to a payment plan that fits your financial situation.
5. Seek Legal Advice: Given the complexities involved, it's advisable to seek legal advice from a qualified lawyer in the UAE who specializes in debt collection and financial matters. A lawyer can review your case, advise you on your rights and options, and represent your interests in negotiations with the bank.
Ultimately, it's essential to address the outstanding debt responsibly and in accordance with the law. Ignoring the debt or failing to take appropriate action could lead to further legal consequences and financial difficulties.
By seeking legal advice and exploring potential solutions, you can work towards resolving the situation and mitigating any adverse effects on your financial well-being.
Hello dear questioner,
You can contact the bank to settle the matter and explain the reasons for your inability to pay. Do not worry about the amount that the bank is claiming under the name of interest.
You can object to the matter if the bank files a lawsuit against you and submit documents with the basic number. We can help you. Please share your WhatsApp number.
Dear.
You have a solution, which is to file a case in court against the bank to deduct the compound interest and be satisfied with the principal interest only, and then pay the remaining amount on you in installments for the longest possible period.
