Debt consolidation Plan - Part 2

[StressedLoner]

Will they sit down and discuss thoroughly with me and get every single info of my income and expense. And will my family be notified that I am in debt?

If they take ur case, its actually quite fast. They will call the moneylender on the spot and nego.

 

[KKK1978]

i called them and arrange for a meet up session. After speaking through, i request to hide from my family members and they accepted it. I suggest you call them up and check with them. Tell them frankly your thoughts. Hope they can help you. However they only deal with ML

 

[KKK1978]

Just sharing my ordeal. My debt issues started many years back. I was able to service the min until 2017. My CC bills ended up ard $80K. Plus a huge amount of ML (think $20K, as i was using ML to roll). I was so stressed until i become very depressed. I tried applying DCP in Feb 2017 when it first rolled up but i just could not get it approved. I tried borrowing from family but it didnt help much. Finally i went to blessed grace for help on ML and CCS on credit card. Bless grace help nego with all the ML for a monthly fixed amount to pay (pay off in 18 months, entirely) while CCS help me by putting up a staggered amount. Meaning while i was servicing ML, i pay a lower amount and after completing my ML, i pay a higher amount. It was a hard journey but i was glad i took this route (and wish i did it earlier). Now i have completed almost 3 years and looking to be debt free by Oct 2020.

So dun lose hope. Help is there, just that whether we want to take the step ahead.
FYI, i did all these without having my spouse know. Of course, its not easy and along the way i did some sidelines to help supplement.

 

[StressedLoner]

I need to hide from my spouse and family too. Last thing I want is them knowing my ordeal and all start panicking or judging me.. i tried asking for help but they also cant help much. Some more my spouse relies on me too. I hope bless grace can help me. I should give them a call soon I guess
... I truly think is very difficult to hide from spouse as I need to attending the counselling etc. Not like I can find excuses to attend those without my spouse knowing.

Just sharing my ordeal. My debt issues started many years back. I was able to service the min until 2017. My CC bills ended up ard $80K. Plus a huge amount of ML (think $20K, as i was using ML to roll). I was so stressed until i become very depressed. I tried applying DCP in Feb 2017 when it first rolled up but i just could not get it approved. I tried borrowing from family but it didnt help much. Finally i went to blessed grace for help on ML and CCS on credit card. Bless grace help nego with all the ML for a monthly fixed amount to pay (pay off in 18 months, entirely) while CCS help me by putting up a staggered amount. Meaning while i was servicing ML, i pay a lower amount and after completing my ML, i pay a higher amount. It was a hard journey but i was glad i took this route (and wish i did it earlier). Now i have completed almost 3 years and looking to be debt free by Oct 2020.

So dun lose hope. Help is there, just that whether we want to take the step ahead.
FYI, i did all these without having my spouse know. Of course, its not easy and along the way i did some sidelines to help supplement.

 

[StressedLoner]

By the way. Very thankful for sharing. At least I know there is hope. I feel like I am in quite a similar situation now. Although I am still feeling dreadful but I really hope to get help somewhere.

So dun lose hope. Help is there, just that whether we want to take the step ahead.
FYI, i did all these without having my spouse know. Of course, its not easy and along the way i did some sidelines to help supplement.

 

[StressedLoner]

Oh ya. Do they charge interest or whatsoever? Or collect any fees? Is it expensive?

 

[KKK1978]

Bless grace is free

Oh ya. Do they charge interest or whatsoever? Or collect any fees? Is it expensive?

 

[OKorNOT]

U keep avoiding moneylender call
soon or later they goin to send debt collector or letter to ur workplace....

U still working rite?
Dun risk ur rice bowl....

I alway pay ml on time
Not worth to play punk with them
Ricebowl at stake

Try to settle ml payment at least for tis mth asap..

Bank at least wont disturb u at ur workplace

 

[money88]

U keep avoiding moneylender call
soon or later they goin to send debt collector or letter to ur workplace....

U still working rite?
Dun risk ur rice bowl....

I alway pay ml on time
Not worth to play punk with them
Ricebowl at stake

Try to settle ml payment at least for tis mth asap..

Bank at least wont disturb u at ur workplace

Think they will call next of kin number or your boss number which you provide first, if they still can’t get you, they will use the letter which you sign to send to the company hr to demand payment if not wrong

 

[shanz80]

Better to answer their phone calls. Tell them the problem. Don't wait until they send letters. U have to pay for legal fees. Incurred more money

Be Nice cos I'm Nice HardwareZone Forums app

 

[terence12]

U keep avoiding moneylender call
soon or later they goin to send debt collector or letter to ur workplace....

U still working rite?
Dun risk ur rice bowl....

I alway pay ml on time
Not worth to play punk with them
Ricebowl at stake

Try to settle ml payment at least for tis mth asap..

Bank at least wont disturb u at ur workplace

Is it safe to borrow from licensed miney lender?

 

[shanz80]

I think it's safe. Just that u don't avoid their calls if u default payment la.

And their interest is higher than bank..

So make sure u able to pay monthly

Is it safe to borrow from licensed miney lender?

Be Nice cos I'm Nice HardwareZone Forums app

 

[terence12]

I think it's safe. Just that u don't avoid their calls if u default payment la.

And their interest is higher than bank..

So make sure u able to pay monthly

Be Nice cos I'm Nice HardwareZone Forums app

When you gave them some contact numbers for reference, do they call them and tell them that u are taking a loan? Thanks

 

[shanz80]

I dunno what questions they asked.

Prolly they ask "do u know if xxx got borrow money from frens or family" etc this kind of question bah.

Or maybe ask if xxx always change job etc. Something like that bah I guess.

Hahaha

When you gave them some contact numbers for reference, do they call them and tell them that u are taking a loan? Thanks

Be Nice cos I'm Nice HardwareZone Forums app

 

[OKorNOT]

When you gave them some contact numbers for reference, do they call them and tell them that u are taking a loan? Thanks

Not all ml will call and check with your contact
I also dun tak from those tat tat wanna call ur contact

Saw a few post earlier someone mention lending bee will call up ur contact , so i think u can 4get abt lending bee

 

[terence12]

Not all ml will call and check with your contact
I also dun tak from those tat tat wanna call ur contact

Saw a few post earlier someone mention lending bee will call up ur contact , so i think u can 4get abt lending bee

Can i not give somemone who is living with me?

 

[hclee01]

Not all ml will call and check with your contact
I also dun tak from those tat tat wanna call ur contact

Saw a few post earlier someone mention lending bee will call up ur contact , so i think u can 4get abt lending bee

Not uncommon for people to have 2 phones / mobile lines now. What if, you give your other mobile phone number as reference and when they call, you just pretend to be that person? Hmmm

 

[StressedLoner]

To clarify, they will call up the contact listed. But identity will be kept anonymous. They will not let the other party know the purpose of the call. As much as for my case that is what happened.

Not all ml will call and check with your contact
I also dun tak from those tat tat wanna call ur contact

Saw a few post earlier someone mention lending bee will call up ur contact , so i think u can 4get abt lending bee

 

[StressedLoner]

That is why they will call the number with lender's presence. The purpose is to verify the number given is not fake. But genuine.

Not uncommon for people to have 2 phones / mobile lines now. What if, you give your other mobile phone number as reference and when they call, you just pretend to be that person? Hmmm

 

[OKorNOT]

To clarify, they will call up the contact listed. But identity will be kept anonymous. They will not let the other party know the purpose of the call. As much as for my case that is what happened.

Ther r many places dun even need to call...
Jus fill in form but they wont call at all

Those places tat need to call to verify, they will call on the spot b4 they hand over cash to u, u wont get any cash if u fill in fake number