They’ve done that many times in the past, but they’re too big to get away with it so easily now.
11 karma · joined April 10, 2019
They’ve done that many times in the past, but they’re too big to get away with it so easily now.
So strange, this seems to be the exact opposite of the trend in the USA where the public desire is moving towards requesting these companies to allow us to be anonymous. Just like...Europe? What’s going on in Austria?
I got in. I remember I was telling some millionaire member of the club what I would be doing and he told me that he thought that was illegal and they were ripping me off. I genuinely liked most of the members, but I really wanted to tell that guy some very rude things.
It changed my life. By the next spring I had a great job I loved that was paying me way way more than the golfing club. I had to pay 30% of my first 6 months instead of 15% over the full year, which is tough after taxes. Take home pay was like 45% of my paycheck. But even during that first 6 months I was making way more than I would have otherwise. I’d do it again in a heartbeat.
Bottom line, I got a chance I wouldn’t have gotten otherwise. There’s plenty of ways to take advantage of desperate people. The term could have been longer, the rate higher. It could turn into a type of slavery. But if these things are limited in some way they can be a good thing. Especially if they time out, and are subject to you actually being paid. Then they are better than most other loans, and the people who you owe have interests that are slightly more aligned with yours.
That program has changed a bit since I went through. Also, I think the biggest drawback was I was expecting them to really help me get a job, but it was more throw us all out there and see who sticks. So, probably much less ideal in fields without the same insatiable demand for workers.