Dubai Forums Dubai Expat Forums Dubai Expat Help Forum

ok, sure this has been covered again and again, but can someone please tell me what HSBC will do with my auto loan when they find out I have been sacked?

Will they:

A.) Insist I pay it off in full
B.) Tell me to just stay current

I can pay the loan off, but then I am out of cash! No other debts with them...but will they let me continue to service the loan or do they just tell people to pay up?

Has anyone tried talking to the banks or are they just calling in the loans as soon as they find out an expat has been sacked?

erm they'll only know if your company informs them!

I have changed job several times in the UAE, never told the banks anything, so long as they keep getting their payments, why should they be any wiser?

the problem is, i don't have a new job yet! what happens then?

anyone go through this?