Q: I have missed my credit card payment by 15 days and I have confirmed back I will make the payment by 29th of this month. Meanwhile, I am planning to travel to India the coming month but I want to know if there will be any travel ban for me to go out of the UAE on my vacation due to the delay in payment.

Q: Hi Sir, Please, I need your help. I had a loan from FGB bank. I almost paid instalments for three years. Now, I am not in that condition to pay. There are 3 instalments due and I am getting calls from the collection and they are about to file a case. Could you please help me to know the penalty I may get, as my outstanding amount is just AED 24K? I have an Abu Dhabi visa, and they threatened to file a case in Sharjah.

Q: I have four credit cards. ADCB-2 HSBC-1 and FGB-1 and a loan. ADCB credit card and loan, I'm paying without any delay, but HSBC & FGB I paid last month after collection dept. calls. My question is, next month I'm going on a vacation. Will someone stops me at the airport immigration? Please, I need your advice.

Q: Hi Hari D. is here once more. I believe you remember we spoke last week regarding a bounced cheque. I have changed my job and will be starting my new role tomorrow. My credit card settlements will be due at the end of this month. My current employer pays salaries on the 15th of each month hence I will only be able to settle my card payments around that time. Previously, I used to get paid on 28th of the month. I just want to get your opinion if it will be advisable for me to inform the banks accordingly so that they can reschedule my card payment plans and I do not default in the future. They will be expecting payments at the end of June, but I won't get paid until July 15th. Thank you for your usual support.

Q: Dear Madam I missed my bank credit card payment for the last two months. How long will the bank wait before taking any legal action? Also, they do not have a security cheque from me. So what can they do exactly in this situation?

The management of individual financial affairs is crucial and all the actions must be weighed down while committing to any financial liability. Whether it's job loss that may have lead to financial failure or the opposite, one must be aware of the personal liability which will not diminish by paying fines for cheque bounce cases. There are two major types of liabilities, criminal liability and civil liability. Each has its own significance, hence, must be dealt with accordingly.

The provisions of this law, promulgating UAE Civil Code, govern the civil transactions in the United Arab Emirates. The commercial transactions remain subject to the laws and regulations applicable in their regard.

This Law promulgates the Federal Penal Code (Criminal Law) of the United Arab Emirates. Crimes and chastisement punishments shall be determined in accordance with the provisions of this Law and other penal codes.