Questions & Answers
Clearing bank cases for loans and credit cards by paying the fine
Hi Sir,
I have a debt with a bank related to two bank loans and two credit cards. The debt total amount is around 300k.
I am out of the UAE now and I want to pay and settle my case, but I don't have the full amount.
My friend told me I can transfer the case from police to court and will pay a fine, then I can come to Dubai and the bank won't do a civil case below 100k.
Is it true?
Please guide me. I would like to finish this issue.
Dear Sir,
In such cases, the judgment might be a fine or jail, because the penal law considered the bounced cheque case as a misdemeanour which is punished by a restricting freedom punishment (jail) or a fine, depending on the judge's estimation.
But mostly in such small amounts, the cases end with a fine.
For more information, please contact us at our email (info@butiadv.com)
