Q: I have a Najm credit card, I used to do a minimum payment every month. I am working for a company for the past 2 years. I am not getting salary on time I used to get salary after every 2 or 3 months. I did them a minimum payment but late by arranging for one or another. I came to know that there is a final settlement for the credit card where you can pay a fixed amount every month. I requested them for the past 6 months but they didn't help me. Also, I came to know that they have put my salary of 11500 but I am getting a salary of 5000/-. Every month they are torturing me, for that can you help me with this. They also say they will deposit my security cheque and file a police complaint. This time when I went to meet one of the people for Najm card, I told him about my situation but they are not ready to listen. He gave me two options, either to pay 18500/- in one stroke or 20500/- in 2 instalments

Q: Hi, I lost my job a year ago and I have an outstanding credit card of AED 300k. I've missed the last 9 monthly payments (I am negotiating directly with the bank). I am willing to settle the credit card with one lump sum payment that a friend will lend me. How much discount on the balance of AED 300k can I negotiate to settle the matter? Should I also ask for a clearance/ no liability letter?

Q: Dear Sir, I have credit cards and loan from 2 banks, almost AED 85k. Suddenly, my company is not able to pay the salaries & the last few months we are getting the salary after 50 days. I am managing my credit card by minimum payments but wouldn't be able to make payment of AED 59k loan now (paid 8 instalments). Now, I am receiving calls from the banks. The banks where I took loans have my cheques. What will happen now if the banks present my cheques & bounced? It's very difficult for me to settle.

Q: Dear Sir/Madam, How to check if any financial cases are registered in the Emirate of Sharjah?

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.