Monday, February 8, 2010

Credit card bill worries In Dubai

A reader from India asks: I lost my job suddenly and went back to India, but my bank filed a case against me in court regarding my credit card bill. The bank is not negotiating to settle the amount reasonably. What can be done to close this issue? I am in India right now.
I would like to advise the questioner to settle the issue with the bank amicably by way of trying to reschedule the debt and repayment in comfortable instalments or payment of the amount currently required by the bank otherwise the questioner has no choice but to await the court judgment if the bank remits the matter to the competent court.
Questions answered by Advocate Mohammad Ebrahim Al Shaiba of Al Bahar Advocates and Legal Consultants.