What to do if you can’t repay UAE credit card

Keren Bobker advises a Dubai resident who is concerned about the prospect of a police case being filed.

Keren Bobker advises a Dubai resident who is having problems repaying a credit card debt. Antonie Robertson / The National
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I need some advice about my credit card because I am having difficulties in repaying the money owed, even the minimum monthly amount. If I cannot pay it, is there a chance the bank will file a case against me? R V, Dubai

If someone fails to make the payments due in respect of a credit card, as contractually agreed when taking it out, the bank is well within their rights to register a police case to prevent someone from absconding and not repaying the monies owed. In most cases, banks will chase up the customer for non-payment but will not register a police case until three months’ repayments have been missed. R V would be advised to speak to the bank and at least pay them some money towards the outstanding debt as a gesture of goodwill, as this may delay any further action being taken. Legally she is obliged to repay what has been borrowed.

Keren Bobker is an independent financial adviser with Holborn Assets in Dubai, with over 20 years’ experience. Contact her at keren@holbornassets.com. Follow her on Twitter at @FinancialUAE.

The advice provided in our columns does not constitute legal advice and is provided for information only.


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