Kelpie 2nd Gear August 5, 2009 Share August 5, 2009 Hi all, A friend of mine went for a job interview and as usual have to fill-in the Job Application Form. He was puzzled about a question: "Are you debt-free?". He was amused by the relevance of such question. Bascially, very high percentage of Singapore are not debt-free. Majority of them have to shoulder housing loan, car loan, credit cards bill and what have you. Have you ever came across other irrelevant question in a Job Application Form? Regards, ↡ Advertisement Link to post Share on other sites More sharing options...
Twnll 1st Gear August 5, 2009 Share August 5, 2009 Question not irrelevant. If you are an employer, would you hire someone who have more debt to service than the income he/she is receiving? Perhaps the question should be rephrased. Link to post Share on other sites More sharing options...
Skunk Clutched August 5, 2009 Share August 5, 2009 having debt is normal. Debt is a way of "leveraging"...so that more can be achieved, provided it's done within safe limits. In fact, the only totally debt free person i know is this beggar i had a chat with in Thailand. He owns nothing more than the clothes on his back. Interestingly, he owes nobody any money LOL Link to post Share on other sites More sharing options...
Nolicense Turbocharged August 5, 2009 Share August 5, 2009 i think its irrelevant. The pertinant question should be "are you an undischarged bankrupt", NOT "are you debt free". NOBODY is debt free if you service a home loan, car loan, study loan, huge hospital bill, or whatever. Link to post Share on other sites More sharing options...
Kelpie 2nd Gear August 5, 2009 Author Share August 5, 2009 On 8/5/2009 at 12:55 PM, Twnll said: Question not irrelevant. If you are an employer, would you hire someone who have more debt to service than the income he/she is receiving? Perhaps the question should be rephrased. Does a company has the right in wanting an employee to declare his/her debit details in the 1st place? Regards, Link to post Share on other sites More sharing options...
Kelpie 2nd Gear August 5, 2009 Author Share August 5, 2009 On 8/5/2009 at 1:04 PM, Nolicense said: i think its irrelevant. The pertinant question should be "are you an undischarged bankrupt", NOT "are you debt free". NOBODY is debt free if you service a home loan, car loan, study loan, huge hospital bill, or whatever. Talking about it, he told me that after the "Are you debt-free?" question, it was followed by "Are you a bankfrupt? ". Regards, Link to post Share on other sites More sharing options...
Freestylers09 5th Gear August 5, 2009 Share August 5, 2009 if not wrong, the debt is refer to Collateral Loan and not normal personal loan or housing loan or car loan just that banks secure some stuffs like House ,stocks etc from the person who loan and in case the person cant pay up, they will secure from these stuffs Link to post Share on other sites More sharing options...
Skunk Clutched August 5, 2009 Share August 5, 2009 yeap, not even the richest person i know is debt free. The moment u have a handphone with a fixed line, use utilities like electricity and water, u incur debt simply because u use first then pay at the end of the month. Link to post Share on other sites More sharing options...
Kelpie 2nd Gear August 5, 2009 Author Share August 5, 2009 On 8/5/2009 at 1:16 PM, Freestylers09 said: if not wrong, the debt is refer to Collateral Loan and not normal personal loan or housing loan or car loan just that banks secure some stuffs like House ,stocks etc from the person who loan and in case the person cant pay up, they will secure from these stuffs What has the question have to do with the job that he is applying was his 1st question he asked himself. The HR person should have done his/her homework instead of making applicants doubting their professionalism. Regards, Link to post Share on other sites More sharing options...
Jacf Neutral Newbie August 5, 2009 Share August 5, 2009 mayb your friend should clarify with the HR what is meant by debt-free? if referring to car loan, housing loan,then all these are very common debt to banks... strange qn though, never come across this qn.. only the one asking if undischarged bankrupt - this one very common qn.. even gov jobs got ask.. Link to post Share on other sites More sharing options...
Kelpie 2nd Gear August 5, 2009 Author Share August 5, 2009 On 8/5/2009 at 1:34 PM, Jacf said: mayb your friend should clarify with the HR what is meant by debt-free? if referring to car loan, housing loan,then all these are very common debt to banks... strange qn though, never come across this qn.. only the one asking if undischarged bankrupt - this one very common qn.. even gov jobs got ask.. He did ask the interviewer and they asked him to just leave it blank if uncertain . This is a public listed company and yet asked such "funny" question. Regards, Link to post Share on other sites More sharing options...
Freestylers09 5th Gear August 5, 2009 Share August 5, 2009 (edited) if a person no paid up,bank will call the company etc..lead to indebtness embrassment (if i remember correctly) ..if he end up no housing etc ..a problem when bank will chase to the company as in calling to the company to find him etc usually apply to public listed company and government sector during my army time,i heard a sergent was charged as he did not declare his loan (forget what type) infact every year my company will ask us to update these forms,shares we held outside or any directorship in non listed companies..very troublesome one .. Edited August 5, 2009 by Freestylers09 Link to post Share on other sites More sharing options...
Sosaria Twincharged August 5, 2009 Share August 5, 2009 On 8/5/2009 at 1:58 PM, Freestylers09 said: if a person no paid up,bank will call the company etc..lead to indebtness embrassment (if i remember correctly) ..if he end up no housing etc ..a problem when bank will chase to the company as in calling to the company to find him etc usually apply to public listed company and government sector during my army time,i heard a sergent was charged as he did not declare his loan (forget what type) infact every year my company will ask us to update these forms,shares we held outside or any directorship in non listed companies..very troublesome one .. How about HDB loan then... ? No need? What if HDB start calling your workplace to chase after loan? But landed property loan must declare? How many shares before you have to declare? Link to post Share on other sites More sharing options...
Albeniz Turbocharged August 5, 2009 Share August 5, 2009 Care to share the position your friend is applying? Link to post Share on other sites More sharing options...
Jman888 Moderator August 5, 2009 Share August 5, 2009 On 8/5/2009 at 1:11 PM, Kelpie said: Talking about it, he told me that after the "Are you debt-free?" question, it was followed by "Are you a bankfrupt? ". Regards, 2nd question is more relevant as they want the candidate to be upfront if he is a bankrupt? Link to post Share on other sites More sharing options...
Enduro25 Clutched August 5, 2009 Share August 5, 2009 those like installement for tv is not considered as debt..owning $ from credit company then considered as in debt Link to post Share on other sites More sharing options...
Rexxxer Neutral Newbie August 5, 2009 Share August 5, 2009 definitely a relevant question..it referring to secure or insecure loan..In the coy stand point, they hv the right to know ur financial capablility. Jus answer no, nothing big deal Link to post Share on other sites More sharing options...
Hub_n_mona 1st Gear August 5, 2009 Share August 5, 2009 relevant question, if he is applying for a position that deals with the company's purse strings ↡ Advertisement Link to post Share on other sites More sharing options...
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