Q: Hello, Can you negotiate with the bank my personal loan repayment and credit cards outstanding debts? I plan to leave the UAE in some months and I want to repay it from abroad, but I want to leave with a clean record, in good terms. Thanks, Dimitrios

Q: Good morning, I have defaulted on a credit card/loan debt totaling 133.000 DHS for the last 15 months. I would like to clear this debt, but I am not sure of the best way to do so. My end of service gratuity would be mostly absorbed by this debt, but it has not been processed by my former employer, as they said that my resignation was not received or was received after the resignation window. They ordered me to return to work and I could not, so they terminated me for abandoning my job. My bank demanded full payments, but I could not maintain them at the time. After a few months, I received a notice with threats of a criminal case, so I did not return to the UAE to try to sort my out processing to receive my EOS. I received an email from a debt collection agency and want to know if it is best to try to negotiate affordable monthly payments through them or with the help of legal representation.

Q: Hi Hari, My name is P. I have a question for you, hoping a better clarification from you. I am working in the UAE and I have taken a loan of AED 150,000 from a bank. Till date, I have paid my monthly dues without fail. I am planning to change my job outside the UAE. What are the steps that I should follow? Is it possible for me to pay my loan amount in the UAE while staying outside the UAE? Kindly advice.

Q: Hi, What is the process if someone wants to pay his account but he is outside GCC and he doesn't know his account number in the bank? Please help. Thank you in advance.

Q: I have a personal loan of AED 98,000. My visa has already been canceled. Any advice on how I can pay the bank on EMI? I will keep on coming back to the UAE every 6 months. Can I now pay my loan in that 6-month span? I already had a default case before due to the COVID-19 pandemic and I don't want that nightmare to happen again. Since I have still a loan with them, are they going to hold me at the airport? Will they allow me to travel? But please, I need a strong recommendation on transferring money to the bank on a monthly basis.

With the introduction of the new procedures for obtaining a power of attorney (POA) remotely in the UAE, after it was mandatory to appear in person in front of the notary public as a global rule to ensure the identity and intention of the person requesting a POA, we put between your hands this brief guide for how you get it done.

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.