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Waleed Al-Helo

Waleed Al-Helo

Lawyer

الأسئلة المجابة 108892 | نسبة الرضا 98.1%

Lawyer

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Lawyer's Assistant: Where are you located? It matters because laws vary by location
Sharjah
Lawyer's Assistant: Has anything been filed or reported?
Yes
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I paid fine for credit card case cheque of 18000. Now bank threatening me for civil case 260000 aed. I took this card in 2003 and till 2016 I was regularly paying. 2017 I lost job then I could not pay. Recently bank filed case for 18000 whereas my credit limit was 33500. I paid fine 2020 to clear this case now bank scaring me for civil case with interest. 260000. Is this legal that bank file case 260000 against 18000 cheque.

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إجابة الخبير: Waleed Al-Helo

Waleed Al-Helo

Waleed Al-Helo

Lawyer

الأسئلة المجابة 108892 | نسبة الرضا 98.1%

We must separate the requests that the parties claim in the cases from the actual demands. There is no doubt that the bank has calculated the value of the debt (the value of the loan) as well as the benefits arising from it and you have to come and see a copy of the papers and ask the court to exclude compound interest and rely on simple benefits only.

الرد من العميل

I m not satisfied from ur answer. I want detailed reply. How bank can file 2 hundred 60 thousand civil case against 18 thousand cheque.

الرد من العميل

It is the credit card not loan

إجابة الخبير: Waleed Al-Helo

Waleed Al-Helo

Waleed Al-Helo

Lawyer

الأسئلة المجابة 108892 | نسبة الرضا 98.1%

 Dear, the bank can initiate a civil lawsuit against you, and it does not mean paying the fine previously. Your donations. In the event that the bank lodged the lawsuit with the interest accrued on it here, you can object to the court and request the assignment of a financial expert for the purposes of auditing, calculating, raising the compound interest, and being satisfied with the debt value for the purpose of paying it, to stick with it to the bank under a court ruling Thank you

إسأل Lawyer

Waleed Al-Helo

Waleed Al-Helo

Lawyer

الأسئلة المجابة 108892 | نسبة الرضا 98.1%

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