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Old 15th May 2006, 18:00
  #171 (permalink)  
j123s
 
Join Date: Nov 2003
Location: Uk (for now)
Posts: 11
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An example - A devon based, dash operator make new joiners sign a bank loan for £20'000 (plus interest) over a 4 year term. The loan apparently is in your name however the company make the repayments whilst you are employed. So if you get fired or company goes bust you are 100% liable. Sounds pretty bad eh!
Get this-the loan is effectively frozen for year 1 and so no repayments are made until the beginning of year 2!?!

All for a Dash 8 rating.
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