Questions & Answers
Questions & Answers
3 available 3 • View allHow to act against the accumulation of credit card debts
0
Q: Hi.
I am seeking advice about outstanding credit card payments with various banks in the UAE, although I have done a lot of minimum payments to these cards.
Now, I have come back to my home country and the outstanding amounts have been increasing. I suppose there are a case and travel ban against me.
Please advise on what I should do?

Oct 8, 2017
1170
Limitation period for claiming contract debts by the bank
16
Q: Dear Ma'am,
I was recently contacted by a debt collection agency through a phone call on behalf of a bank in the UAE. They alleged that there are outstanding credit card dues from the year 2000 for some AED 200,000!
I left the UAE in 1997 and did not continue my relationship with that bank thereafter. I do not recall the credit card debt in question and may have inadvertently missed out on the credit card payment, if any, at that time while leaving the country.
What are the implications at this time? Now, that over 18 years have passed, can the bank enforce this debt to be recovered?
Would appreciate your advice on this matter.
Thanks,
Regards,
S.

Jun 25, 2019
10037
Enforcement of Small Claims Tribunal judgement for credit card
7
Q: I have an old credit card which I was paying until October last year.
Due to job loss and then I got a new job at 30% lesser salary, I started paying the bank under a settlement plan from January but missed 2 payments in between.
I have paid 5800 last month and 3000 this week, but the bank is asking to pay more 2400 to cover up for the missed payments which I told them I can't.
They are saying that they will cancel the plan and file a case in DIFC SCT court and there I will have to pay the full amount (AED 50K). There are no fines in the DIFC court & maybe I'll be ARRESTED.
So, please let me know what is the process at DIFC SCT court and if they will arrest me in case I didn't pay the full amount.

Jun 15, 2019
1157
Laws & Regulations
2 available 2 • View allFederal Law No. (3) of 1987 Promulgating the Penal Code 29
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.
Dec 8, 1987
48022
Federal Law No. (18) of 1993 Issuing the Commercial Transactions Law 19
This Law applies to merchants, as well as to all acts of commerce carried out in the UAE by any person even though he be not a trader. Commercial matters regarding which specific Federal laws are issued shall be subject to the provisions of such laws, and to the provisions hereof which do not contradict with said laws.
Sep 7, 1993
33126

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