Financing: Job terminated with severance pay - consequences?

Good morning, in principle every contract has a clause that if the economic circumstances change, this should be reported. The banks can also always request something to check these circumstances.

BUT! Checking costs money! The banks are all saving and form risk provisions when loans default. The risk is therefore accepted and repayments are monitored.

That means if you always pay your installment, nothing happens.

Hello,
in the case of a dismissal by the employer, one usually has an immediate entitlement to ALG1, there is no need to sue and lose. The severance pay does not change anything either.

Regarding the initial question:
Do you even have your salary account at the same bank as your credit account?

Well, an amicable termination agreement is not a dismissal. Therefore, the clause must state that it was only concluded to avoid a dismissal for operational reasons. Then, as far as I know, you are not affected by a suspension of unemployment benefits [ALG1].

Well, a termination agreement is not a dismissal. That's why the clause must state that it was only concluded to prevent a dismissal for operational reasons. Then, to my knowledge, you are not affected by a suspension of unemployment benefit I.

My girlfriend and I both accepted a termination agreement with severance pay in 2017. Without being affected by a dismissal.

However, I started a new job immediately afterwards, my girlfriend did not.

She went to the employment office, and the nice caseworker told her that she still would not get a suspension because after all she had paid in for the last 15 years and could take a break :eek:. So she received the six-figure severance payment and unemployment benefits.

And I had to pay a large part of my five-figure severance payment in taxes because I still had income o_O

I did not inform the bank and no one asked when the salary from another employer came in.

That was kind of the caseworker

Nobody cares. At most, there could be problems with an upcoming follow-up financing, but otherwise I can't think of any reason to report that. We (medium-sized regional bank) already have several thousand mortgage customers, others even more. If we wanted to document all changes in personal and economic circumstances, we would need a separate department with additional staff.