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Old 12-15-2010, 10:27 AM   #1
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Default United Arab Emirates (UAE) credit card debt problem

Janie2 here you go...see below:



Your credit card is governed by the laws of UAE and your credit card agreement. In this regard, at present you are having a credit card on which there is an amount due but you are not in default. The UAE Central Bank frames laws which govern the provisions regarding loans and debt. At present, the UAE Central Bank has issued directives regarding bank provisions pertaining to credit card debt but no direction restricting a person from leaving UAE has been made. An expatriate may leave UAE along with credit card debt.

Restricting a person from leaving UAE

A bank may take action regarding stopping a person from leaving UAE. In this regard, the bank may file a police complaint in case of default. The police complaint can prevent you from leaving UAE.

Guaranty

Generally a large number of expats in UAE are leaving UAE with debt in credit card or other loan as due. In this regard, if the expat leaves UAE with the amount due then the guarantor can be made to pay the amount due. The bank may take penal action against the Guarantor for amount of loan due. Generally, if the person leaves UAE then his Guarantor is liable to pay.

Red Corner Notice

In case the person leaves with the amount of default then Red Corner Notice may be issued. In this regard, if the person leaves UAE with default in credit card then bank may institute legal proceedings and even a Red Corner Notice may be issued against the person.

India UAE Treaty

The Treaty between UAE and your country allows extradition for economic offences. In this regard, it is necessary that there should not be any default on credit card before your leaving UAE.

Conclusions

1. The UAE Central Bank has issued directives regarding bank provisions pertaining to credit card debt but no direction restricting a person from leaving UAE has been made.
2. The UAE Central Bank has issued directives regarding bank provisions pertaining to credit card debt but no direction restricting a person from leaving UAE has been made.
3. The bank may file a police complaint in case of default. The police complaint can prevent you from leaving UAE.
4. If the expat leaves UAE with the amount due then the Guarantor can be made to pay the amount due.
5. If the person leaves UAE with default in credit card then bank may institute legal proceedings and even a Red Corner Notice may be issued against the person.
6. The Treaty between UAE and your country allows extradition for certain economic offences.
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Old 12-16-2010, 12:54 AM   #2
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Default Re: United Arab Emirates (UAE) credit card debt problem

THX
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Old 12-16-2010, 03:01 PM   #3
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Default Re: United Arab Emirates (UAE) credit card debt problem

UAE debt laws are substantially stricter than say US or UK laws.
Frankly I would suggest avoiding the use of such credit altogether there.
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Old 05-14-2011, 08:32 AM   #4
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Default Re: United Arab Emirates (UAE) credit card debt problem

UAE Ministerial Decision No. (10) of 2008 on Collection of Commission for the Use of Credit Card, Direct Debit and Direct Transfer Services in the E-Dirhams System


You can find a complete list of Dubai - UAE Laws
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Old 06-09-2011, 08:55 PM   #5
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Default Re: United Arab Emirates (UAE) credit card debt problem

Hello,

I am posting to seek some answers to my dilemma and hopefully get some good advice on what to do.

I am a plain housewife on residence (husband's) visa in the uae, my husband has recently left me for another woman,

I have reason to believe that he has already left the country leaving his unpaid credit card debts for more than 6 months now.

I am a supplementary card holder to one of his credit cards and have been continuously dogged by the bank thru phone which I never answer as I have no idea what to say to them at this moment.

I have no means to pay them since I have no job and only living with relatives.

I am planning to permanently leave the UAE and fly back to my home country.

My questions are:
  • Can I be held liable and be forced to shoulder my unfaithful husbands debt?
  • Can they impose a travel ban on me and stop me in the airport should I decide to return to my home country?
  • Being under husbands sponsorship and supplementary card holder, what are the extents of my liabilty and its corresponding penalty if any?

Thank you so much I am desperately hoping i can be enlightened on this issue.
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Old 04-20-2012, 03:24 AM   #6
a141157
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Default Re: United Arab Emirates (UAE) credit card debt problem

I traveled to UAE for investment and I got a credit card and home loan with NBD on 2008 I noticed misused of my credit card I personally notified the bank and I request to cancel my Credit Card I left Dubai and return to US on 2008 due to my wife's cancer I did not travel to UAE, I find a buyer from my apartment in Dubai I request the Liability letter from the bank I noticed AED90,000 Credit card debt which I never used my Credit card I asked for statements They sent me just for the past 2 years just shows over limit charges and interest nothing else,

Now I want to sale my apartment I need money for my wife medical bills, I do not want to pay these unjustice charges on my credit card what should I do?
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Old 11-11-2012, 08:49 PM   #7
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Originally Posted by a141157 View Post
I traveled to UAE for investment and I got a credit card and home loan with NBD on 2008 I noticed misused of my credit card I personally notified the bank and I request to cancel my Credit Card I left Dubai and return to US on 2008 due to my wife's cancer I did not travel to UAE, I find a buyer from my apartment in Dubai I request the Liability letter from the bank I noticed AED90,000 Credit card debt which I never used my Credit card I asked for statements They sent me just for the past 2 years just shows over limit charges and interest nothing else,

Now I want to sale my apartment I need money for my wife medical bills, I do not want to pay these unjustice charges on my credit card what should I do?

Sell your property. Contact the bank through email and get details. Do not go back to uae if you didnt settle yet your credit card, you will go to jail if the bank filed a police case against you and you can't do anything as they speak arabic only that you can't understand not unless you know arabic and have ready money to pay the bank of course. There's lot of people go to jail in uae due to ignorance. So be intelligent and fix your problem in good faith. Good luck.
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Old 11-12-2012, 12:27 AM   #8
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Originally Posted by scourged View Post
Hello,

I am posting to seek some answers to my dilemma and hopefully get some good advice on what to do.

I am a plain housewife on residence (husband's) visa in the uae, my husband has recently left me for another woman,

I have reason to believe that he has already left the country leaving his unpaid credit card debts for more than 6 months now.

I am a supplementary card holder to one of his credit cards and have been continuously dogged by the bank thru phone which I never answer as I have no idea what to say to them at this moment.

I have no means to pay them since I have no job and only living with relatives.

I am planning to permanently leave the UAE and fly back to my home country.

My questions are:
  • Can I be held liable and be forced to shoulder my unfaithful husbands debt?
  • Can they impose a travel ban on me and stop me in the airport should I decide to return to my home country?
  • Being under husbands sponsorship and supplementary card holder, what are the extents of my liabilty and its corresponding penalty if any?

Thank you so much I am desperately hoping i can be enlightened on this issue.
Yes you are liable. Ge a job and pay your credit card.
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Old 11-12-2012, 12:31 AM   #9
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Yes you are liable. Ge a job and pay your credit card.
Dear scourged,
Pay only your credit card (supplementary), then you will be alright. Atleast you cleared your mind in good faith. Get any job and stop worrying, you use your credit card happy you should atleast do something. Good luck.
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Old 06-30-2011, 12:42 AM   #10
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Re: United Arab Emirates (UAE) credit card debt problem

Hi. I worked in UAE for 4 years. Everything was okay until i was struck by recession. I left the country in 2009 back to my home country with unpaid credit card and a personal loan since I cant find another job. My visa was expired. Now I have received calls from this person telling that shes affiliated with bilkish associates in UAE. And as I have found out shes from a collection agency. They kept on calling even on my mothers mobile phone. They also went to my house trying to get information. They are asking me to settle the dues and telling me if I cant do that they will file case against me. Im separated now and raising my kids alone. What I earn here is even not enough with the needs. I was asking them to give me statement of account with the dues that they are asking me to settle. But they have told me that they dont have it and I just need to call the telephone banking abroad to check the dues. What will I do?

*Can they file a case against me knowing that the loan was in UAE?
*How will I deal with the collection agency bugging me?

Hoping for your soon reply.
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