Debt consolidation Plan - Part 2

[flyswoosh]

I have recently gotta my IPA .. here are my review:
POSB- they trace all my giro payment any late or fail giro they considered it as part of approval.
uob- they has some sort of debt ratio. They thinks mine is over
Citibank- they don’t accept DCP

I got my final approval from SCB.
I’m on DCP, my partner is not. Both our TDRS stand at 13%, credit rating both AA. He has some loans but we repay diligently.
hope this help! I was very gan chiong too! But luckily I got my IPA. Good luck!

Thanks so much for sharing your experience. My partner is not on DCP and pays his loan timely. I hope Good Luck is on my side too.

 

[Shalala-86]

Thanks so much for sharing your experience. My partner is not on DCP and pays his loan timely. I hope Good Luck is on my side too.

Try SCB or HSBC. I did IPA to get a gauge of how much I can loan. I hope when the actual loan application come, it won’t be much of that stress. Keep going! Do share your success story..

 

[flyswoosh]

Try SCB or HSBC. I did IPA to get a gauge of how much I can loan. I hope when the actual loan application come, it won’t be much of that stress. Keep going! Do share your success story..

Thank you!

 

[Stressfulpie18]

I forgot to make payment one day late and the bank charge me a late fee. Can I call the bank to waive off the late charges?

 

[seeanncy]

Some of the member here manage to get their housing loan from some banks as well, you can go read through it and pm them. Worst come to worst get hdb loan first, then halfway after your dcp cleared port over to bank loan.

Nvr get loan from LML uh, interests is ridiculous. Been there, done that.
Your current $2k for all your debts should be more than enough if your dmp approve for a duration of 3 to 5years.

Okay, thank you so much for your advice! Now at least I know what options I have.

 

[dimitri_can]

I forgot to make payment one day late and the bank charge me a late fee. Can I call the bank to waive off the late charges?

Can try. =)

 

[dimitri_can]

Okay, thank you so much for your advice! Now at least I know what options I have.

You can pm me for my contact from DBS Bank. Great person to deal with. =)

 

[wuehboeh]

Hi i would need some help here.

Just wondering, if you are on ccs dcp - would you be able to get a car?
like a second hand car?


do you guys know of any lobang?
do share. thank you in advance

 

[Ganfanren]

Hi guys, I'm considering DCP after receiving the SMS about my unsecured interest bearing balances exceeded etc etc

Have been a silent reader through the past year, always telling myself that I will be disciplined and work things out myself, have self control but I failed. I just keep advance cc to cover other cc payments.

Super disappointed with myself.

Would like to know when I apply for the DCP, Do I have to calculate the total amount I owed or the banks will be able to check? How about like charges I made after the last statement date? I definitely do not want to be left dealing with these left over charges if my DCP got approved.

I just checked my ** report and its until Sept only.

Thank you in advance guys

 

[seeklightsoon]

Hi guys, I'm considering DCP after receiving the SMS about my unsecured interest bearing balances exceeded etc etc

Have been a silent reader through the past year, always telling myself that I will be disciplined and work things out myself, have self control but I failed. I just keep advance cc to cover other cc payments.

Super disappointed with myself.

Would like to know when I apply for the DCP, Do I have to calculate the total amount I owed or the banks will be able to check? How about like charges I made after the last statement date? I definitely do not want to be left dealing with these left over charges if my DCP got approved.

I just checked my ** report and its until Sept only.

Thank you in advance guys

Please do not ever feel disappointed with yourself. The fact that you have taken this step to acknowledge that you need to deal with the debt problem is a huge milestone. It is not easy as we tend to be in that loop feeling that we can still control the situation so long as we can pay the minimum amount each month.

For DCP, you will need to submit all your latest monthly credit card statement to the bank that you are applying DCP with. Once it is approved, the total loan amount will have a 5% buffer to cater for events where there are additional interest, charges from the time of the application till it is approved and DCP is paid to all your accounts. If there are excess amount, you can ask for the banks to refund you back and close off the account. Thereafter, you just need to pay to your DCP account until all outstanding has been paid off.

All the best!

 

[Shalala-86]

I forgot to make payment one day late and the bank charge me a late fee. Can I call the bank to waive off the late charges?

Yup. Usually quite ok. They will waive

 

[Shalala-86]

Hi i would need some help here.

Just wondering, if you are on ccs dcp - would you be able to get a car?
like a second hand car?


do you guys know of any lobang?
do share. thank you in advance

Maybe can try PI. Either in house loan or those finances co like Tokyo century where approval are easier but interest rate slight high but reasonable.

 

[Shalala-86]

Please do not ever feel disappointed with yourself. The fact that you have taken this step to acknowledge that you need to deal with the debt problem is a huge milestone. It is not easy as we tend to be in that loop feeling that we can still control the situation so long as we can pay the minimum amount each month.

For DCP, you will need to submit all your latest monthly credit card statement to the bank that you are applying DCP with. Once it is approved, the total loan amount will have a 5% buffer to cater for events where there are additional interest, charges from the time of the application till it is approved and DCP is paid to all your accounts. If there are excess amount, you can ask for the banks to refund you back and close off the account. Thereafter, you just need to pay to your DCP account until all outstanding has been paid off.

All the best!

Don’t be. It take courage to face the problem and the fact that you are taking first step, it means u are 1 step closer planning to clear ur debt. I been thru what you are going thru now. Don’t worry ya! Just gotta maintain and improve your credit rating.
U gotta stop using all the cards to get all the latest outstanding till date. By right if u didn’t use your card, 5% buffer is more than enough. Once DCP disburse the loan to clear all the card, call ur banks and ask for wavier for those financial charges. Can get abit of the money back.

good luck!

 

[Ganfanren]

Don’t be. It take courage to face the problem and the fact that you are taking first step, it means u are 1 step closer planning to clear ur debt. I been thru what you are going thru now. Don’t worry ya! Just gotta maintain and improve your credit rating.
U gotta stop using all the cards to get all the latest outstanding till date. By right if u didn’t use your card, 5% buffer is more than enough. Once DCP disburse the loan to clear all the card, call ur banks and ask for wavier for those financial charges. Can get abit of the money back.

good luck!

Thank you so much, my credit rating is at BB,score at 1852 and I have been making payments using advances with other cc by getting cash out, and taking up installment plans, PL, been paying all my bills full on time, no interest incurred yet, and currently it's just that it's overwhelming and I know I won't be able to keep up with payments soon.
I will stop using my cc, I even took a loan just a few days ago cos I'm worried I won't get through this month when they suspend my credit facilities.
I'm just so glad to have a place to discuss this and not go through this alone.
Left my number with a few banks, hope they can contact me soon.

 

[Ganfanren]

Please do not ever feel disappointed with yourself. The fact that you have taken this step to acknowledge that you need to deal with the debt problem is a huge milestone. It is not easy as we tend to be in that loop feeling that we can still control the situation so long as we can pay the minimum amount each month.

For DCP, you will need to submit all your latest monthly credit card statement to the bank that you are applying DCP with. Once it is approved, the total loan amount will have a 5% buffer to cater for events where there are additional interest, charges from the time of the application till it is approved and DCP is paid to all your accounts. If there are excess amount, you can ask for the banks to refund you back and close off the account. Thereafter, you just need to pay to your DCP account until all outstanding has been paid off.

All the best!

I got a unbilled 13k charge on my Amex, I don't know if I shd wait for my next statement then apply for the DCP so it can be included?

 

[seeklightsoon]

I got a unbilled 13k charge on my Amex, I don't know if I shd wait for my next statement then apply for the DCP so it can be included?

I think you can apply now. You will just need to attach the screen print of this amount to your application so that they can compute this into the application. There are some nice Bank CSOs that are able to help with the DCP application. Maybe you can scroll up the posts and PM the person separately for contact details so that they can help to expedite your application?

All the best!

 

[Ganfanren]

I think you can apply now. You will just need to attach the screen print of this amount to your application so that they can compute this into the application. There are some nice Bank CSOs that are able to help with the DCP application. Maybe you can scroll up the posts and PM the person separately for contact details so that they can help to expedite your application?

All the best!

Thank you so much! I think I will!

 

[Faith2Happy]

Feels stressed and depressed. Am in 3rd year. Still have 50k balance. Salary 6k + .. every month paying 1.3k+. With a family to feed, nearly impossible to save money. So many unexpected expenses, company also freeze increments, cut bonus due to covid. Tax, bills keep coming. Although still can manage the repayment, basically every month nothing left. Feel so stressed and vulnerable without money in bank

Hi , Almost there ! Jia you. I am in the similar progress at 39/60. Still have 50K+ , but I paid 2.8K per month. Very tough life ....hope to celebrate with you when reaching 60 !

 

[Faith2Happy]

Guys can i check if i am on dcp for 7 years and i am left with 5 years can i apply for a car loan?

Hi , I managed to get the car loan for both SCB and Tokyo Century when I was on progress of 30/60 with DCP. No worry. Better get the support from your car dealer !

 

[Dave25]

Hi , Almost there ! Jia you. I am in the similar progress at 39/60. Still have 50K+ , but I paid 2.8K per month. Very tough life ....hope to celebrate with you when reaching 60 !

Yeah same here. I just paid 30/60. Each month $3821. We can do it!