Questions & Answers
Can I pay the fine to close a credit card if the bank asks for huge amount to settle?
Dear Team,
I have an issue with my credit card, which was issued in 2013 and I used the same till 2018, all the payments had done on time.
Unfortunately, last time in 2018, I was troubled by a financial crisis. Due to the same, I had some amount pending on my credit card, and in 2018, I went to my home country as I lost my job.
This year, two months back, I came back to UAE. Now the bank team is asking for a huge amount for the settlement.
Could you please advise me on how to close this case with the fine by the court?
The fine is for offenses only. Non-payment of loans is not a crime.
There is no legal way to not pay the loan.
It is only possible if the bank raises a case, asking the judge to pay the amount in installments.
You will get a clearance certificate from the bank after paying the last installment, and you can remove the travel ban.
If you have any concerns, we can make a security inquiry about you. We can conduct a quick examination of the legal precedents to see if there are any pending or existing cases or travel bans against you.
Unfortunately, you will have to enter a settlement plan with the bank.
