I left the UAE and not considering coming back. I am leaving my bank account open and converting my outstanding credit card balance into installments since the interest rate is low. Would it create any problems in the future ?

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Posting as :
works at
You are currently posting as works at

Why are you leaving if you don’t mind me asking? I’m looking to relocate there from NYC.

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Here is whats going to happen step by step- you might be at one of these stages -

1) your last salary is deposited to your salary account with a tag - end of service
2) once picked up by the bank they start your grace period which can vary between 1-2 months depending on the bank
3) during the grace period you are expected to provide new employment details
4) past your grace period with no employment update- if you have an outstanding unsecured loan (ie cc or personal loan) banks block access to your funds (at the rate of your outstanding balance
5) in their t&c s it also states that they may decide to call back the outstanding loan and settle (discretionary)
6) someone from remediation will get in touch with you - and if you have a good explanation they will let you keep your EMI as is and allow to make payments
7) if you do that it stays as is, if you skip payments , they close the emi and convert to lump outstanding with interest
8) your cc will be blocked for use
9) your checking account will be blocked —> yours savings account will remain on

Done this 2 times over the past 8 years (left uae and came back)

Still have my loan and cc balance on which i make payments on time .

If the question is about reentering uae , as long as you are not at NPL stage, should be fine.

Its discretionary and changes per bank policy but this is a rough picture of what to expect

likehelpful

Brilliant post!

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