Q: I am not able to pay my credit card loan, what could be the consequences? Shall I just wait for my police case? A: Try to negotiate with the bank with an instalments plan. If they didn't approve, they will file a criminal case against you and it should be a penalty to pay depending on the amount…

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Consequences of defaulting on credit card payments

I am not able to pay my credit card loan, what could be the consequences? Shall I just wait for my police case?

Dr Amira Al Bastaki Advocates and Legal Consultants

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25 May 2019, 09:03

First, try to negotiate with the bank with an instalments plan.

Then, if they didn't approve, they will file a criminal case against you and it should be a penalty to pay depending on the amount.

For more information, please contact us on dr.amira@advoamira.ae

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