Debt consolidation Plan

[Centralcoast]

Yes started and the best part is they(HSBC) over pay the balance. Very stupid of them...now how am i going to claim back the over payment when the account is suspended? Think they use the 2 months ago statement which we submitted figures to settle. During the waiting period, we will be still making paying and they(HSBC) don't know....

After they repaid everything . Cancel the cards and credit line, they will mail you the cheque for remaining balance if I'm not wrong. Call the banks up and ask them how to claim

 

[melbourne10]

Yes started and the best part is they(HSBC) over pay the balance. Very stupid of them...now how am i going to claim back the over payment when the account is suspended? Think they use the 2 months ago statement which we submitted figures to settle. During the waiting period, we will be still making paying and they(HSBC) don't know....

It's not an issue, you can call the banks and ask them to give you back the balance. I don't want these accounts anyway, so I will be closing them once Citi pays everything off for me.

Cash and Debit Card from now on.

 

[melbourne10]

Btw good that u made payment. Else they will charge late fee and ur rating will sink. Don't forget, the buffer to cover the side costs is still your money.

 

[multi]

Not sure if we can close the account. Its suppose to be suspended. Meaning no movement from now on. Anyway will call hsbc to check tomorrow

Sent from LGE LG-H990 using GAGT

 

[multi]

Btw good that u made payment. Else they will charge late fee and ur rating will sink. Don't forget, the buffer to cover the side costs is still your money.

Actually the buffer is too much for me. I would rather do away the buffer and have a lower principle and installments

Sent from LGE LG-H990 using GAGT

 

[melbourne10]

Not sure if we can close the account. Its suppose to be suspended. Meaning no movement from now on. Anyway will call hsbc to check tomorrow

Sent from LGE LG-H990 using GAGT

Close it. Cuz it attracts annual fee still. Check with Hsbc ba. My side told me can cancel.

 

[melbourne10]

Actually the buffer is too much for me. I would rather do away the buffer and have a lower principle and installments

Sent from LGE LG-H990 using GAGT

Haha this one is part of the package deal. At least now interest drop from that crazy 26%...

 

[Carlingford]

Yes they do reply..By post

u check on those credit accounts? Meaning BOC never call to tell you its approved?

I wonder those not approved will they notify?

 

[Carlingford]

Got consider going to CCS as an alternative ?

It might be another week of endless hope. If next week they ask for more docs then there will be more waiting time to come. Suddenly felt low morale and hopeless after being told in processing. Time is running out

 

[Centralcoast]

Got consider going to CCS as an alternative ?

CCS will take at least 3 months and there is no guarantee too. I will try this dcp and take CCS as last resort

 

[CeSaRiO]

By the way, how did you guys get the free ** report after a rejected application?

 

[KKK1978]

Yes they do reply..By post

After failing HSBC & BOC. Hope of getting approved seems like almost impossible. Wil probably try one more and see.

Wonder which one shd i try
Citibank / maybank/ cimb/ standard chartered.

Any suggestions ?

 

[KKK1978]

By the way, how did you guys get the free ** report after a rejected application?

Yes i did for BOC. I think citibank will also

 

[melbourne10]

Citi accounts all cleared. The CC is now overpaid so will ask for a refund on the balance.

The new Ready Credit account for DCP is cleared too - the entire amount that's supposed to go to other banks.

They certainly work fast. to them.

 

[CeSaRiO]

Yes i did for BOC. I think citibank will also

How did BOC let you have the free ** report?

Citi accounts all cleared. The CC is now overpaid so will ask for a refund on the balance.

The new Ready Credit account for DCP is cleared too - the entire amount that's supposed to go to other banks.

They certainly work fast. to them.

Nice bro! Here comes a new refreshed start for you!

 

[Carlingford]

Can consider to do concurrent

CCS will take at least 3 months and there is no guarantee too. I will try this dcp and take CCS as last resort

 

[melbourne10]

After failing HSBC & BOC. Hope of getting approved seems like almost impossible. Wil probably try one more and see.

Wonder which one shd i try
Citibank / maybank/ cimb/ standard chartered.

Any suggestions ?

Not local banks for sure.

Cimb requires you to be an existing cardholder.

SCB rate similar to Citi. Can try Citi ba. Unless you have DBS loan.

Seems like not many in this thread tried Maybank yet.

 

[Centralcoast]

By the way, how did you guys get the free ** report after a rejected application?

Go to cbs website login using sing pass and you will get ur cbs report for free.

 

[Centralcoast]

Not local banks for sure.

Cimb requires you to be an existing cardholder.

SCB rate similar to Citi. Can try Citi ba. Unless you have DBS loan.

Seems like not many in this thread tried Maybank yet.

I'm considering may bank though. There is a declaration part stating that u must be informed application unsuccessful from other Fi then can apply. I wonder will there be any penalty if apply 2 at a time

 

[melbourne10]

I'm considering may bank though. There is a declaration part stating that u must be informed application unsuccessful from other Fi then can apply. I wonder will there be any penalty if apply 2 at a time

If they have that criteria then better stick to it. Cuz they have the option of canceling the DCP, even after the DCP is approved, if they find out that proper procedure was not followed.

But from what I learnt, the minute any FI approves a DCP, they will update the DC Registry and no other FI can give approval from that point onwards.