Debt consolidation Plan - Part 2

[Shalala-86]

Ya. I also applied HSBC. Previously was rejected by POSB. I also submitted my application on 3rd May through my CSO.
Everyday so gan chiong. Waiting and waiting.

Totally can relate. What’s your rating?

 

[terence12]

Totally can relate. What’s your rating?

BB.
How about you?

 

[Shalala-86]

BB.
How about you?

You stand a good chance! Me GG. Got rejected couple of times. I think if it doesn’t get approve, I will take DMP route.

 

[terence12]

You stand a good chance! Me GG. Got rejected couple of times. I think if it doesn’t get approve, I will take DMP route.

It depends i think. I defaulted my payments twice with POSB hence i think thats why i was rejected. For HSBC i defaulted my payment 1 time. So although rating is BB but they also will see the records of payments.

 

[Shalala-86]

It depends i think. I defaulted my payments twice with POSB hence i think thats why i was rejected. For HSBC i defaulted my payment 1 time. So although rating is BB but they also will see the records of payments.

Keep our fingers cross and pray for the best, let me know when HSBC contact you. At least if I didn’t receive any notification, I know my application should be rejected.

 

[terence12]

Keep our fingers cross and pray for the best, let me know when HSBC contact you. At least if I didn’t receive any notification, I know my application should be rejected.

Sure. No problem. I will update you

 

[WorryChap]

Have checked and all banks have been paid...will be calling banks up for waivers. Anyone successful getting banks waived off financial charges?

 

[Jojodespo]

You are most welcome! Glad to be of help

Thanks Jojo, I read most of your postings together with the others and it helped during my time of uncertainty. This is a good forum to seek advise and etc. Will do what I can to assist those here. Cheers bro

 

[Jojodespo]

Yes mine was successful. If one CSO does not help with waiving off charges. Call the next day and ask the other CSO. It just requires for them to raise some requests to the management majority of the interest can be waived. Late fees can also be waived. But early closure fees for balance transfers or installment plans cannot be waived.

Have checked and all banks have been paid...will be calling banks up for waivers. Anyone successful getting banks waived off financial charges?

 

[terence12]

You stand a good chance! Me GG. Got rejected couple of times. I think if it doesn’t get approve, I will take DMP route.

Hi Shalala-86, I just called my CSO in the morning and she told me that my DCP has been approved. The actual loan amount for me would be at $47500 after all the actual calculations and inclusive of the 5% buffer. Hence, My BTI is ard 14.5%. U can call your CSO directly for the application status. Gd Luck

 

[Shalala-86]

Hi Shalala-86, I just called my CSO in the morning and she told me that my DCP has been approved. The actual loan amount for me would be at $47500 after all the actual calculations and inclusive of the 5% buffer. Hence, My BTI is ard 14.5%. U can call your CSO directly for the application status. Gd Luck

Congrats! I will call my CSO later. I just dropped her an email this morning.

 

[Shalala-86]

Congrats! I will call my CSO later. I just dropped her an email this morning.

Hurray!! I just got my approval today!! I am so Glad and relieved. CSO informed that HSBC will disburse e payment next few days.
Grateful to be in this platform and having so much support and valuable advise. For those who are still striving hard, pls don’t give up. I applied many times since mid 2018, Super tie up with my finances and striving hard to get my rating up and eventually succeed aft 9 months.

 

[StormySkiesNRainbows]

Congrats Terence and Shalala

 

[terence12]

Hurray!! I just got my approval today!! I am so Glad and relieved. CSO informed that HSBC will disburse e payment next few days.
Grateful to be in this platform and having so much support and valuable advise. For those who are still striving hard, pls don’t give up. I applied many times since mid 2018, Super tie up with my finances and striving hard to get my rating up and eventually succeed aft 9 months.

Congrats Shalala. FYI I heard that every month's repayment would be on the 7th

 

[terence12]

Congrats Terence and Shalala

Thanks alot!

 

[Shalala-86]

Congrats Terence and Shalala

Thanks!

 

[Shalala-86]

Congrats Shalala. FYI I heard that every month's repayment would be on the 7th

Thanks for the infor! Need to discipline to clear the debts! Jia you!

 

[StormySkiesNRainbows]

Thanks for the infor! Need to discipline to clear the debts! Jia you!

My humble suggestion, set aside at least 3-4 months installments in advance to cover for unforseen circumstances.

 

[Shalala-86]

My humble suggestion, set aside at least 3-4 months installments in advance to cover for unforseen circumstances.

Totally agree with you.

 

[Applewee]

Congrats Terrance and Shalala !!!
I’m am still waiting for my cbs to update send my application... pray for me !!