Q: Dear sir, I have taken a loan from a bank, but I had to leave for my job. I am in the UK now. I asked the bank to reduce the monthly installment as I have a relatively lesser salary here and can pay a limited amount every month, but the bank collection department refused my request and threatened to file a police case if I will not pay. How can I manage it? I would be thankful for your response.

Q: Dear Madam, I took a personal loan from a bank for AED162,000/- and paid AED 139,000/-. Now, the balance is 84,000/- (with interest). I received information that the bank has filed a case for AED 219,000/-. I did not pay the monthly EMI of AED 4,538/- for more than 6 months due to job loss. How is the bank filing a case for 219,000/- instead of the actual amount? What is the procedure to reply to the bank against this case? Please advise. Thanks and regards, S.

Q: I lost my job last year because of the pandemic. I took a 3-month visit visa 2 times in hope of getting a job. But I ran out of funds and overstayed, as of the moment my fines are AED 7100 now. I do have a credit card and personal loan and defaulted on my payments. As per the bank, they already filed a case against me. I am still waiting for a call from the Police. A few days ago, I got a job offer. They told me to settle my issues before they process my work permit. I am afraid they will not wait for me if my issues are not resolved soon. Is there a way I can waive or reduce my fines for overstaying? How much will my fines be in the Police for a credit card limit of AED 9K and AED 18K, and my principal loan amount is AED 160K and had paid one year only? Can I still get a visa if I pay the fines to the Police? Or I will go to jail? What will I do?

Q: Hello Dear All, I need legal advice please here. I don't have money to pay for a private lawyer as I'm currently not working. My situation is really bad. When COVID-19 started, the company I worked for haven't paid me my salary and I have to take an evacuation flight to fly home. I took a loan from a bank of AED 2750 and through the years it has grown to a crazy amount I will never be able to settle. I offered the bank to settle  AED 2750 amount if it's a few payments monthly, but not a straight one-time payment because I have no job. But they only want a one-time payment and are not willing on negotiating with complete ignorance of my messages. I was in touch with the bank and agency messaging me from time to time to settle the liability, and they currently messaged me that the bank is placing a travel ban against me. They didn't explain what is the travel ban and which country it affects or how is it going to work. Could anyone explain, please? I'm lost and I don't know what to do.

The management of individual financial affairs is crucial and all the actions must be weighed down while committing to any financial liability. Whether it's job loss that may have lead to financial failure or the opposite, one must be aware of the personal liability which will not diminish by paying fines for cheque bounce cases. There are two major types of liabilities, criminal liability and civil liability. Each has its own significance, hence, must be dealt with accordingly.

The provisions of this law, promulgating UAE Civil Code, govern the civil transactions in the United Arab Emirates. The commercial transactions remain subject to the laws and regulations applicable in their regard.