Questions & Answers
Questions & Answers
5 available 5 • View allCredit card debts
7
Q: I had a difficult financial situation last year, so I stopped paying on credit cards to the bank. As a result, I started receiving calls from the bank's collectors. To avoid their pressure I ignored that calls and eventually I changed my number.
Now, after one year, my situation became more stable, I've got a new job and I am ready to pay the debts. But I would like to know: if the bank has already filed the case against me, would it work if I'll try to settle my debt after one year or I should still go to prison for the delay?

Mar 8, 2016
6678
Settlement of credit card debts with the bank to avoid imprisonment
23
Q: I have four credit cards which I am using last 5- 6 years.
My financial situation has currently changed dramatically, and I am not in a position to repay the minimum payments.
Until the last month, all the payments were accurate. All four credit cards entitle to use AED 100,000.
As per my knowledge, the bank will file a case against me and I would like to know what actions can I take to avoid prison.
In addition, I think I need a lawyer so that he can take care of my documents and release me if they will catch me. Could you please tell me what will the next step be?
How can I get a court decision in my favor and obtain a police clearance certificate after all this?
Thanks.

May 24, 2016
39937
Consequences of missing credit card payments
18
Q: After missing 2 months of payments on a credit card, the bank presented a security cheque on my current account for AED 101,000 and it bounced.
They have said that they have filed a case with the police and issued a travel ban. I have since made a minimum payment as requested and plan to discuss repayment with the collections department.
As a businessman, I travel to other countries. Will I now be subject to a travel ban/ be detained at the airport / taken to prison?

Mar 15, 2017
29423
Accumulation of credit card dues despite paying
0
Q: Sir,
I had withdrawn cash of AED 5000 from my credit card a few years back. But due to financial problems, I could not pay in time.
This has now accumulated to AED 45000. Though I have been paying roughly around 2000 a month the total amount is not coming down.
I spoke to the bank officials in person, but they are not willing to help. By now, I might have repaid at least 10 or fifteen times of what I had taken.
Is there a solution? I feel so tired and desperate. Can you help me?
Thanks
Ajay

Sep 11, 2018
780
Defaulting on credit cards and negotiating with banks to settle them

1
Q: I have 3 credit cards:
Bank 1 - 18,000
Bank 2 - 18,000
Bank 3 - 20,000
I am really unable to pay my debt and they are harassing me that they will file a case against me. I was paying all of them continuously since 2018. I just had a hard time and missed my payment since Jan 2020.
I want to settle them but they don't give me a chance; they always say that they will file a case. I am not running. I told them I will pay once I find a job.
What is the best way to fix them as I am planning to leave the country in a year? Until now, I am jobless since Jan 2020 and its hard to find a job now. I am willing to get charged by your service.
Thank you!


Mar 25, 2020
1555
Legal blog
1 available 1 • View allThe Consequences of Job Loss and Defaulting on Financial Liabilities 26
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.
Feb 12, 2019
18900
Laws & Regulations
1 available 1 • 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
47915

Other answers by
35 35 answers •
View allRecovering the unpaid price of items delivered over a year ago 0
Dear Sirs,
I have a Reseller Contract which was signed between us and another party for the sale of 10000 units of Terminal Stations.
The final supply was to be done to the India Telecom over a 5-year period at 2,200 units per year, based on a purchase contract signed between us and another company.
Based on this agreement, we placed an order for 2200 units at a value of AED12,273,400 (Twelve million two hundred seventy-three thousand four hundred).
Based on the purchase order, the other party made a payment of 15% as a deposit and we finalized and handed over, but they didn’t pay since one year.
Kindly let us know if you can guide us how we can recover our funds legally.
Looking forward to hearing from you at your earliest.
Apr 29, 2018
358
Obtaining refund from the developer for project delay 0
I booked an off-plan studio in R.E.P. DIP. The developer posts to me the contract to sign. I signed the contract and posted it back to their address.
The texture property In Dubai has been dealing and I transferred 10% to reserve the unit in June 2015. I have paid over 30% until the end of Dec 2016.
I stopped paying the rest of instalments because after viewing 0% construction report through DLD website and neither developer has provided me Oqood.
There is still no construction as per the DLD report for project number 1514. I am considering to get a refund.
The total price of the studio is AED 330000. 10% at the outset, 36 equal instalments during construction, 20% on handover and 18 equal instalments after the handover.
I have paid 10% and 18 equal instalments out of 36 during the construction as per contract. Total AED 109,973.94 paid: AED 109,973.00
What are the possibilities to get a refund from the developer? How much would it cost?
Apr 19, 2018
5727
Consequences of filing a criminal case against a debtor by the bank 0
Hi,
I have just found out I have a police case filed by my bank on a credit card payment. I have a credit card with 25k limit and could not do minimum payments for 1 year (due to job loss), nevertheless, the bank filed a case against me for 190k.
I do not understand on what ground and would like to know what to do. As well, how can I find out if I have a travel ban as I would rather try and solve the situation remotely from home than be concerned that I will be jailed here?
Your advice is appreciated.
Jul 20, 2017
3766
Transfer of labour complaint from free zone to labour court 0
I was working in Free Zone company here in Sharjah. Our total delayed salary is 6 months. Some of my co-workers already complained in Free Zone immigration but no avail.
What is the best we can do where we will complain?
Waiting for your reply.
Jul 20, 2017
2665
How to check why your visa application was rejected 0
How to check why my visa application was rejected for Abu Dhabi?
Jul 24, 2017
21116
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