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I HAVE CREDIT CARD LOAN AED 28000 (20K + 8 K)(PRINCIPAL AMOUNT) IN 2 BANKS IN UAE. I LEFT UAE IN 2009 AND I AM PLANNING TO PAYBACK THE DUES.IS IT POSSIBLE TO NEGOTIATE WITH THE BANK TO PAY ONLY THE PRINCIPAL AMOUNT WITHOUT ANY INTEREST IN 1 SHOT. KINDLY HELP ME.
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Re: Credit card debt in UAE... Can I negotiate it with the bank?
Credit card companies are surprisingly willing to negotiate with consumers on everything from interest rates and fees to payment plans. However, if you've been unable to pay for several months, you may find them willing to work with you to set up an affordable plan. After all, they'd rather get their money slowly than not get it at all. Get all negotiated deals about your credit card debt in writing. Get all negotiated deals about your credit card debt in writing.
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