Questions & Answers
Legal consequences for non payment of bank dues
Dear Sir
My question is that I have two credit cards of a total outstanding amount of AED 60000 including interest and late fines...etc. I am not paying the credit cards payments for the last six months due to financial issues.
I contacted the bank for full and final settlement after giving a discount but the bank has not agreed to give a discount and asking to pay the full outstanding amount.
What would be the legal consequences in case of not paying the cards payment?
Please advise how to settle and close these issues.
Regards,
S.A.
Dear Sir/ Madam,
Thank you for reaching out to me on this.
Please confirm if you had provided any security cheques to the bank while taking the credit cards.
If yes, then the bank can bounce the said cheque and file a police case against you. If the case is filed in Dubai then you can pay a fine and clear the case.
If no cheque was given, then the bank can only file a civil case to claim its dues. There is no travel ban in a civil case and the court can order you to pay the full principal amount.
Upon clarification, I can advise you better on how to clear the debt and resolve the issue.
You can get in touch with me on 052-9495731 or email for further clarification and assistance.
Regards,
Hari Wadhwana
