Q: I have 3 credit cards. I am really unable to pay my debt… A: We need to check your criminal and civil records and see if they filed cases against you. We will be able to start the negotiations with them. You need to provide the banks with proof that you are jobless together with a bank statement…

Dubai, UAE

1550

Defaulting on credit cards and negotiating with banks to settle them

I have 3 credit cards:

Bank 1 - 18,000

Bank 2 - 18,000

Bank 3 - 20,000

I am really unable to pay my debt and they are harassing me that they will file a case against me. I was paying all of them continuously since 2018. I just had a hard time and missed my payment since Jan 2020.

I want to settle them but they don't give me a chance; they always say that they will file a case. I am not running. I told them I will pay once I find a job.

What is the best way to fix them as I am planning to leave the country in a year? Until now, I am jobless since Jan 2020 and its hard to find a job now. I am willing to get charged by your service.

Thank you!

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Raluca Gatina

Elnaggar & Partners

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24 Mar 2020, 09:57

Dear questioner,

First of all, we need to check your criminal and civil records and see if they filed cases against you. We need to check the stage of the case and if there are any court decisions against you.

After we have a clear picture of your criminal and civil cases, we will be able to start the negotiations with them.

Please note that in order to check your criminal cases, we need a power of attorney from you allowing us to represent you in front of all relevant authorities. In case you are in the UAE, the POA needs to be notarized by the public notary.

Best Regards,

Raluca Gatina

24 Mar 2020, 10:00

I have checked it and they didn't file any.

24 Mar 2020, 10:05

Did you perform the travel ban checking and you are sure there is no criminal or/and civil case opened against you?

From my experience until now, if a person is not paying his loan for more than 1 year, usually the bank starts legal action against that person.

If you are sure that there are no cases filed against you, then you need to provide the banks with proof that you are jobless together with a bank statement.

In case you cannot reach any settlement with them, please send me an email and we will take over your case and communicate with banks.

Best Regards,

Raluca Gatina

24 Mar 2020, 15:10

Thank you, that is helpful!

Yes, I have checked my criminal records through Dubai police. There are no records.

And I haven’t paid them since Jan 2020. I will email you for sure.

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