Advice regarding my debt problem

[86technie]

2015 was really a bad year for me, unable to find a proper
job which affected my income.
Previously I was working in a job for 2 years and held
a clean credit record.
Paying off my bills on time and utilizing most of their services
with three banks.

In total now I use credit facilities from four banks
and it goes like:
DBS - Total Credit Owned approx. $10k - Monthly repayment amount - $800
Citibank - Total Credit Owned approx. $10k - Monthly repayment amount - $800
OCBC - Total Credit Owned approx. $2.5k - Monthly repayment amount - $300
Standard chartered - $10k Monthly repayment amount - $300
(Just applied not long ago.)

For about a year how I cope with paying, I do balance transfer
from one bank to another.
However since I been jobless since this past March and there's
no income.

I recently got a temp job in July but ended in August as
I was fired.
During that time at the temp job I went to took a loan
so as to cope with my debt problem.

Balance my bill as it's been months without income
and it was hard on me.
When I was fired, that recovery money had to became
my jobless fund to tide me over.

Now my issue is how long can I live with this?
I'm not a credit defaulter seriously, I pay what I own.
It's just that I'm close to 30 years old, finding a "proper job"
is really like a dream.

I had been thinking when I find a new job, maybe
it's time for me to cut off all my credit facilities.
It's sad but for my situation, a guy that doesn't have
a stable job can forget about owning credit card.

I'm seriously stress out, living like this.

 

[blackie83]

Before chiu go bedok reservior.

Can contact http://www.ccs.org.sg/

See how they can help chiu?

 

[arigatoast]

2015 was really a bad year for me, unable to find a proper
job which affected my income.
Previously I was working in a job for 2 years and held
a clean credit record.
Paying off my bills on time and utilizing most of their services
with three banks.

In total now I use credit facilities from four banks
and it goes like:
DBS - Total Credit Owned approx. $10k - Monthly repayment amount - $800
Citibank - Total Credit Owned approx. $10k - Monthly repayment amount - $800
OCBC - Total Credit Owned approx. $2.5k - Monthly repayment amount - $300
Standard chartered - $10k Monthly repayment amount - $300
(Just applied not long ago.)

For about a year how I cope with paying, I do balance transfer
from one bank to another.
However since I been jobless since this past March and there's
no income.

I recently got a temp job in July but ended in August as
I was fired.
During that time at the temp job I went to took a loan
so as to cope with my debt problem.

Balance my bill as it's been months without income
and it was hard on me.
When I was fired, that recovery money had to became
my jobless fund to tide me over.

Now my issue is how long can I live with this?
I'm not a credit defaulter seriously, I pay what I own.
It's just that I'm close to 30 years old, finding a "proper job"
is really like a dream.

I had been thinking when I find a new job, maybe
it's time for me to cut off all my credit facilities.
It's sad but for my situation, a guy that doesn't have
a stable job can forget about owning credit card.

I'm seriously stress out, living like this.

hmm. find your mp?

 

[Xcert]

2015 was really a bad year for me, unable to find a proper
job which affected my income.
Previously I was working in a job for 2 years and held
a clean credit record.
Paying off my bills on time and utilizing most of their services
with three banks.

In total now I use credit facilities from four banks
and it goes like:
DBS - Total Credit Owned approx. $10k - Monthly repayment amount - $800
Citibank - Total Credit Owned approx. $10k - Monthly repayment amount - $800
OCBC - Total Credit Owned approx. $2.5k - Monthly repayment amount - $300
Standard chartered - $10k Monthly repayment amount - $300
(Just applied not long ago.)

For about a year how I cope with paying, I do balance transfer
from one bank to another.
However since I been jobless since this past March and there's
no income.

I recently got a temp job in July but ended in August as
I was fired.
During that time at the temp job I went to took a loan
so as to cope with my debt problem.

Balance my bill as it's been months without income
and it was hard on me.
When I was fired, that recovery money had to became
my jobless fund to tide me over.

Now my issue is how long can I live with this?
I'm not a credit defaulter seriously, I pay what I own.
It's just that I'm close to 30 years old, finding a "proper job"
is really like a dream.

I had been thinking when I find a new job, maybe
it's time for me to cut off all my credit facilities.
It's sad but for my situation, a guy that doesn't have
a stable job can forget about owning credit card.

I'm seriously stress out, living like this.

I think fundamentally...U need to work out why are U not employed....dun even have to be at ur last drawn salary....any job...odd-job even...can do ur finances some help...

That is for the income part...then there is the expenses part....anything U can cut down?Any vices?

Talk to CCS.

Cut up all ur credit cards.

800+800+300+300=2.2K per month....considering how some people are paying 1.8K per month for HDB...it doesnt look that bad provided U stop sinking.

 

[parchiao]

I recently got a temp job in July but ended in August as
I was fired.
During that time at the temp job I went to took a loan
so as to cope with my debt problem.

1. Fired.

2. Temp job can get loan from bank.

CSB

 

[Polar Bear King]

Another thread with 5 digit owing debt.....
Go fishing for uncle polar bear lar. Sell fish by buckets to me sure earn 5 digits a month then can repay quickly.

 

[beri stupid idiot]

Polar Shu Shu is hungry wor ~

 

[ralliart_ray]

Find a job, first of all you need an income.

 

[jentang]

Its easy to find a job at 30 yrs old. U are not 50 yrs old!

 

[derrickgoh]

1. Fired.

2. Temp job can get loan from bank.

CSB

He didn't say bank loan. Maybe ah long?

 

[放开那auntie]

The best is to talk to the bank and work out a instalment plan with lower interest.

 

[Perisher]

If close to 30 and can't find a job, it's not people think you are old, undergrad mostly 24ish... near 40 then age becomes an issue.
The problem lies with you and you need to wake up and not be choosy about jobs. Even the low paying ones, clear 1 debt is 1 debt less.

Consider declaring bankruptcy and go to the links people have shared above.

 

[urban_closet]

You mentioned 'dream job'. I hope you are not being picky in choosing your job - sometimes you need to start somewhere. At the very least get back into the groove of working.

You also mentioned you were fired from your part time role. Was this within your control? Did you act in a particular way that resulted in a negative impression? It might be time to review your performance and attitude and see how you can improve in that aspect.

What debts did you take on that required you to draw on loans from 4 banks? You had mentioned that you had a clean record quite recently. Did you buy something that you did not need? Can you sell that off and pay off some of the debt?

 

[shareholder]

Previously, you had a clean record. But when you lost your job, your debt increased to 32.5k in a short time. What was the reason that the debt increased, daily expenses or spending spree? It is important to know how you spend the money, because if it is a recurring expense or spending habit, it will be difficult to pay off.

 

[Seannie]

If close to 30 and can't find a job, it's not people think you are old, undergrad mostly 24ish... near 40 then age becomes an issue.
The problem lies with you and you need to wake up and not be choosy about jobs. Even the low paying ones, clear 1 debt is 1 debt less.

Consider declaring bankruptcy and go to the links people have shared above.

40 yrs old still can find job lar. Got so bad meh....

 

[19degC]

30k is not a lot. U just need the right job that can easily bail u out.

 

[arigatoast]

it cld be a troll thread. TS didnt even reply

 

[Perisher]

40 yrs old still can find job lar. Got so bad meh....

I say 40 then age becomes an issue, didn't say cannot find job.

 

[Polar Bear King]

it cld be a troll thread. TS didnt even reply

Troll thread lar. Uncle bear offers fishing job 5 digit income also no taker. Don't know who's trolling who?

 

[beri stupid idiot]

Agrigatoast is right.

The idiot is also abit hungry as IMH removed teabreak and supper brnefits nowadays wor ~