I am working in a bank for 4 months, and recently, my boss force me to resign because i have not been hitting the target for 3 months consecutive. and with no options, I quit.
In my contract, i am required to pay my company SGD $5000, which is my 2 monthss’ salary if I quit within 6 months because of training bond.
In fact, I did not receive any formal training and instead, all they taught me was how to use the company’s systems and that’s it.
I am very broke now, and i do not have $5000 to pay them back unless I take out a loan, which I do not wish to. I am in my darkest hour, and i cannot take it anymore.
Please help me.
Thanks for your mail and sorry to hear of your predicament.
Frankly speaking, the company has no right to demand that of you and unless they sue you in court – which will take a five-figure sum to do so, they can’t force you to pay that amount.
But if you feel that you want to cut the hassle out ask them if you can either pay by instalment or ask for a reduction in payment.
Say that you have no money to pay them and though they can harass you with legal letters, they won’t be able to do much.
Take care and stay strong.
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