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Home > Ask The Get Out of Debt Experts > Citibank in Dubai Wants Blank Cheques From Me to Repay Debt. – James

Citibank in Dubai Wants Blank Cheques From Me to Repay Debt. – James

“Dear Steve,

Having left the country due to losing my job in the early part of the year (a common occurance in Dubai!). However I had left about 40,000 AED of debt on my Citi Bank credit card. I managed to make payments till July but had not paid for 3 months. Fortunately I have kept constant contact with them and they seem to be quite willing to give me an option to make these payments back without sending me to jail!

This I hope I can sort out but they do want this in the form of 12 cheques. However I spoke to my bank and they appear to have cancelled my bank account. I came back to this country with the intention of first getting my debt in order as well as my life. It just is so complicated I fell like giving a two finger salute and getting back on a plane.

Really want to understand what happens if my bank account is cancelled. Lloyds have a policy of 25k AED minimum per month salary to open an account. Is this a common thing with all the banks now? If they do close my acount and I need to get another one any advice who is easy to get sorted quicky? As I need to have cheques to make an arrangement with Citi Bank it presents a problem with me paying it back.

Thanks in advance for your advice. I realise it is not only me going through this and I wish all those luck who may be going through a similar situation.

James”

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The Answer

 

Dear James,

Based on your spelling of Cheques and realise I assume you are somewhere back home in Europe and probably the UK.

If your attempt is to repay this debt but you are not returning to the UAE at this time, to avoid arrest or because you don’t have a job, then I think alternative arrangements can be made.

If you can afford to make the first twelve payments of about £546 then I would send the first payment to Citibank UAE via an international wire transfer from you bank back home. This will show your intent on promptly repaying the debt and you can then explain the bank situation to them. If you are unable to get an account opened soon then just keep making the payments to them from the account back home.

There is no requirement that any bank open any account for anyone.

Please update me on your progress by posting updates here in the comments section of your question. I’m very interested in how this works out for you.

Big Hug!

Citibank in Dubai Wants Blank Cheques From Me to Repay Debt.   James
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About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
  • uaevictim

    It is an advice that never deal with bank by credit card,loan after getting your cheque thier  color will change and sweet words will become hard you cannot complain about unwanted charges or any of thier service because justice here is very expensive.If you take a loan or credit card with having a fixed deposit the same amount then OK otherwise dangerous.

  • Rafaq

    My salary is 4350AED, but all the banks i approached are asking foe salary of imn5000, for credit card. How can i get a credit card here. Is there any bank that gives credit card for this salary..?

  • Rafaq

    My salary is 4350AED, but all the banks i approached are asking foe salary of imn5000, for credit card. How can i get a credit card here. Is there any bank that gives credit card for this salary..?

    • uaevictim

      It is an advice that never deal with bank by credit card,loan after getting your cheque thier  color will change and sweet words will become hard you cannot complain about unwanted charges or any of thier service because justice here is very expensive.If you take a loan or credit card with having a fixed deposit the same amount then OK otherwise dangerous.

  • jeffrey

    if i have a loan from dubai, can i still go and work in Qatar if i hav a job offr there?

    • David

      Jeffrey,

      What is your situation now?

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