OK So we did a runner......
Jul 22nd 2009, 5:05 am
#61
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Joined: Feb 2007
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Re: OK So we did a runner......
I totally agree with you on this. My bank was surprised when I asked them to reduce my credit card limit from 150K to 35K. How they could give you such a credit line when you are just off the boats? I bought a 2000 car that I paid cash but a guy in my office who must be in half my salary drives a brand new Mercedes SLK. It is so unreal.
Of course, this is not a particular judgement on the situation of the OP. In her situation, I would have chosen to run instead of jail.
Of course, this is not a particular judgement on the situation of the OP. In her situation, I would have chosen to run instead of jail.
Jul 22nd 2009, 5:06 am
#62
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Joined: Apr 2009
Posts: 42
Re: OK So we did a runner......
Our debt was 150 in total. Thats including the rent, car and cards.
We both work in Media and as I said in our mid 20s - packages including housing allowances etc are unheard of in this industry. ITP sold me the job so well that it seemed perfect. They told me that rent loans were standard and everyone had one so it seemed ok.
I never thought it would end like this!
We both work in Media and as I said in our mid 20s - packages including housing allowances etc are unheard of in this industry. ITP sold me the job so well that it seemed perfect. They told me that rent loans were standard and everyone had one so it seemed ok.
I never thought it would end like this!
Jul 22nd 2009, 5:08 am
#63
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Joined: Feb 2007
Posts: 29,625
Re: OK So we did a runner......
Our debt was 150 in total. Thats including the rent, car and cards.
We both work in Media and as I said in our mid 20s - packages including housing allowances etc are unheard of in this industry. ITP sold me the job so well that it seemed perfect. They told me that rent loans were standard and everyone had one so it seemed ok.
I never thought it would end like this!
We both work in Media and as I said in our mid 20s - packages including housing allowances etc are unheard of in this industry. ITP sold me the job so well that it seemed perfect. They told me that rent loans were standard and everyone had one so it seemed ok.
I never thought it would end like this!
Jul 22nd 2009, 5:11 am
#64
hmmmm...nice
Joined: Jul 2006
Posts: 27,923
Re: OK So we did a runner......
very wise words Klaus, I bet there are alot of people wishing they had thought things through a bit more before coming here. What gets me is if you walked into a bank in the UK and asked for a 15,000 quid loan, repayable over 12 months to pay your rent, you would get laughed at, yet people here seem to think that it is quite normal.
We wouldn't have come here if we'd had to pay for our acccommodation, but I am sure that for a lot of jobs the company doesn't pay for housing, so it leaves them no other option than to take out a loan...yeah, maybe they should have never come over in the first place, but loads of them did and I'd find it unfair to call all of them stupid...maybe just the ones that have come out say the last year or so when it was clear that the economy was taking a downturn...
Jul 22nd 2009, 5:12 am
#66
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Posts: 1,130
Re: OK So we did a runner......
I totally agree with you on this. My bank was surprised when I asked them to reduce my credit card limit from 150K to 35K. How they could give you such a credit line when you are just off the boats? I bought a 2000 car that I paid cash but a guy in my office who must be in half my salary drives a brand new Mercedes SLK. It is so unreal.
Of course, this is not a particular judgement on the situation of the OP. In her situation, I would have chosen to run instead of jail.
Of course, this is not a particular judgement on the situation of the OP. In her situation, I would have chosen to run instead of jail.
I also would have scarpered if I was in mysteryme's position!
Jul 22nd 2009, 5:13 am
#67
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Joined: Feb 2007
Posts: 29,625
Re: OK So we did a runner......
but back home you'd pay your rent monthly so you wouldn't need to (well, that's the case in Holland anyway)...
We wouldn't have come here if we'd had to pay for our acccommodation, but I am sure that for a lot of jobs the company doesn't pay for housing, so it leaves them no other option than to take out a loan...yeah, maybe they should have never come over in the first place, but loads of them did and I'd find it unfair to call all of them stupid...maybe just the ones that have come out say the last year or so when it was clear that the economy was taking a downturn...
We wouldn't have come here if we'd had to pay for our acccommodation, but I am sure that for a lot of jobs the company doesn't pay for housing, so it leaves them no other option than to take out a loan...yeah, maybe they should have never come over in the first place, but loads of them did and I'd find it unfair to call all of them stupid...maybe just the ones that have come out say the last year or so when it was clear that the economy was taking a downturn...
Jul 22nd 2009, 5:15 am
#68
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Re: OK So we did a runner......
Can't wait until my rent contract finishes in November, I can halve what I'm currently paying and hopefully I can organise 12 checks. Perfect!
Jul 22nd 2009, 5:16 am
#69
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Re: OK So we did a runner......
but back home you'd pay your rent monthly so you wouldn't need to (well, that's the case in Holland anyway)...
We wouldn't have come here if we'd had to pay for our acccommodation, but I am sure that for a lot of jobs the company doesn't pay for housing, so it leaves them no other option than to take out a loan...yeah, maybe they should have never come over in the first place, but loads of them did and I'd find it unfair to call all of them stupid...maybe just the ones that have come out say the last year or so when it was clear that the economy was taking a downturn...
We wouldn't have come here if we'd had to pay for our acccommodation, but I am sure that for a lot of jobs the company doesn't pay for housing, so it leaves them no other option than to take out a loan...yeah, maybe they should have never come over in the first place, but loads of them did and I'd find it unfair to call all of them stupid...maybe just the ones that have come out say the last year or so when it was clear that the economy was taking a downturn...
How many (western) people honestly came here cause it was the only thing they could do?
Jul 22nd 2009, 5:20 am
#70
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Posts: 1,130
Re: OK So we did a runner......
I call them stupid, the downside clearly outweighs the upside. And this has not only been happening since the economic decline started about a year ago, Westerners came here during the boom time and left with massive credit card debt and car loans way before this started happening. So yes, I call it greedy and stupid... This is the whole point of the credit crunch. Toxic debt anyone?
Jul 22nd 2009, 5:23 am
#71
hmmmm...nice
Joined: Jul 2006
Posts: 27,923
Re: OK So we did a runner......
and in the case of people in the UAE, there really doesn't seem to be another option than to run, I am sure if they had been in a similar situation in another part of the world, they would have sorted their problems out in another way.
Jul 22nd 2009, 5:27 am
#72
hmmmm...nice
Joined: Jul 2006
Posts: 27,923
Re: OK So we did a runner......
I call them stupid, the downside clearly outweighs the upside. And this has not only been happening since the economic decline started about a year ago, Westerners came here during the boom time and left with massive credit card debt and car loans way before this started happening. So yes, I call it greedy and stupid... This is the whole point of the credit crunch. Toxic debt anyone?
Jul 22nd 2009, 5:30 am
#73
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Re: OK So we did a runner......
and as far as I am concerned, there is nothing wrong with risk takers...if no one would take risks, the world would be a boring place...
and in the case of people in the UAE, there really doesn't seem to be another option than to run, I am sure if they had been in a similar situation in another part of the world, they would have sorted their problems out in another way.
and in the case of people in the UAE, there really doesn't seem to be another option than to run, I am sure if they had been in a similar situation in another part of the world, they would have sorted their problems out in another way.
Again, maybe is not the case of the OP and some other people around but... c'mon... Dubai is unreal. People in their 20s living the life of millonaires when they make AED 25K per month.
Last edited by klaus3974; Jul 22nd 2009 at 5:32 am.
Jul 22nd 2009, 5:31 am
#74
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Posts: 1,130
Re: OK So we did a runner......
oh I am sure there are people that have done that, but perhaps those are the kind of people that back home have themselves declared bankrupt only to start up another business a month later...those are just people that don't have any ethics but that's something different than being stupid...I wouldn't suggest that the OP and other people that have posted before on here like mrs Haps (or whatever her name was) fall into that category.
Jul 22nd 2009, 5:46 am
#75
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Joined: Feb 2007
Posts: 29,625
Re: OK So we did a runner......
and as far as I am concerned, there is nothing wrong with risk takers...if no one would take risks, the world would be a boring place...
and in the case of people in the UAE, there really doesn't seem to be another option than to run, I am sure if they had been in a similar situation in another part of the world, they would have sorted their problems out in another way.
and in the case of people in the UAE, there really doesn't seem to be another option than to run, I am sure if they had been in a similar situation in another part of the world, they would have sorted their problems out in another way.