Questions & Answers
Defaulting on credit card payments due to job loss
I have made payment default on the credit card for the last five months. Currently, I have a job but I have some other priority commitments back in my country and I couldn't pay the minimum amount here.
My credit limit was AED 30,000 and now the outstanding is 40,000. The bank is calling me almost all day.
What will be the consequences if I continue not to pay?
By paying the fine, will I be able to relax from this burden?
Will the bank move with a civil case? If so, what will be the consequences?
Dear questioner,
Due to continuous default on credit card payment, banks will file a criminal case against you which you can close by paying fine.
Later, banks will file a civil case for the recovery of the credit card dues. The time period between criminal case filling and civil case is normally 2 - 3 months.
If need be, kindly contact us by phone for a detailed discussion or write to us at our email for further assistance.
Dear Client ,
Thanks for your query.
I hope you are fine.
By becoming a defaulter of the bank payment, the bank can file a criminal case against you in the police station which you can clear by paying fine.
But the bank has the right to open a civil case as well.
For further information, you can write an email to us or call Whatsapp. We have a good team of lawyers to handle all kinds of cases.
I am happy to help you. You can fix a personal meeting at our office.
Thanks and regards,
Abdul Wahied
