Visa Classic CBQ Commercial Bank Credit Card Loan 8000 After Job Termination Should I have to pay ? credit shield insurace will pay Plz help
Dear members,
I wanna say thanks to all of you if you can answer my question that I have a commercial bank credit card which I got 6 months before and using it regularly. I joined my company on 27 November 2018 and now got terminated from the company.
Now the question is I have to pay all the dues or if there are any actual credit shield which is offered by CBQ at http://www.cbq.qa/EN/Personal/Cards/Pages/credit-card-insurance.aspx & My visa card is protected with loss of employment and this shield. http://www.cbq.qa/EN/Personal/Cards/Credit-Cards/Pages/Compare-Credit-Cards.aspx.
Most Important: My company is telling me to leave the country and after you left we will submit the documents to the bank I know they are making me fool and will keep the money with them. But if someone can advise me what should I do? Also, they are making me scare if you need your Gratuity and all those things maybe there will be a risk I said I have a credit card shield then?
Dear,
I faced the same situation couple of years ago.
First of all donot leave the country unless all dues paid/Cleared.
In order to process your EOSB you need to present the clearance letter from Bank to your company.Also the other option is you company will submit your EOSB in your bank and bank will not release it unless your outstanding cleared.
what i did , the company gave me termination letter with 1 month notice period. i went to CBQ Bank with that letter ,they forward me to insurance dept on Bank Street branch. i visit that branch and submit all required docs and they block my card. After couple of days they call me and advise the insurance claim submitted and they will take 60 days to process and it depend what percentage they will aprove, if you are in a hurry you can pay now and we will submit into your bank account directly once approved.
My outstanding was around 10 K and approved was 4400 QAR.
Hope it helps you.
donot close the doors by leaving the country with out settle your outstandings.
THanks