Q: Hello, Is it possible to negotiate with the bank to consolidate my loan and credit cards balance when I'm outside the UAE? I have already resigned and relocated to another country. I've left a remaining loan balance of AED 170k + 2 credit cards balance (10K + 34K). My gratuity (33k) is being held by the bank and I missed this month's loan payment. I don't want to incur more interest by paying only the minimum on the 2 cards and wanted to negotiate with the bank to consolidate all debts into a single monthly payment. Right now I can only guarantee a 5K monthly payment. Please advise

Q: Hi, Due to losing my job and the financial crisis, I left the UAE after 2016 and was having an unpaid credit card and loan. I tried to negotiate with bank to waiver the interest. I strongly believe that the bank might have filed a case. Now I'm travelling to the UK for a new job to clear my debts. Can I transit through any GCC country other than UAE?

Q: Hello Sir. I used to work in the UAE for around more than 20 years until 2010, since I lost my job I left Dubai in the same year. I had a credit card from a bank and when I left, there was a very small amount that I had to pay to the bank. I still continued to pay whatever I could even after coming back to my country, I was unemployed though. After a few months, the bank stopped communicating with me. I also came to know the particular bank I dealt with had been sold to another company. Since I would like to visit Dubai, I like to know if there is any ban on me to enter the country. How can I know? Thank you.

Q: I'd like to inquire about the possibility of negotiating with banks in the UAE to pay debts without interest fees. According to new laws, do they file an Interpol case, given that the debtor is outside the UAE? Thanks.

Q: I have two credit cards in the UAE with the amount of 30,000 and 15,000 but due to a bad financial situation, I am unable to pay them back. Then I decided to move back to Pakistan to avoid legal action. I still haven't found any solution to pay them back because of my bad financial situation. The question is whether I am safe in Pakistan or if the bank can proceed with any legal action in my country. What do I have to do now because I am unable to pay them back?

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.