Debt consolidation Plan

[johnsonlock]

EE. No reason given. Just the normal "regret to inform you" letter plus a free Credit Bureau assessment lol

 

[Iwanttobehappy]

did BOC approve your request? I applied to UOB and got rejected

Uob took how Long to reply u ? EE also reject ? O my ..

 

[deadlockb]

Thk you thk you .. yes , my first instinct .. dbs ..

hope u will be successful.whats the dbs rate ?

 

[aang1971]

I applied through BOC last Tues, the rate wasn't that great (EIR around 10 odd%) plus a 2% processing fee. On hindsight I could had made a mistake applying for BOC but well...

BOC on declining rate...rest fixed rate

btw DBS EIR is 20%!!!!

 

[johnsonlock]

Got the letter on the 10th working day after application

 

[Iwanttobehappy]

hope u will be successful.whats the dbs rate ?

I saw was 10.99 but pple here said is 6.99 . To me , most important is approve .., no matter how high cfm lesser than normal cc rate .

 

[deadlockb]

I saw was 10.99 but pple here said is 6.99 . To me , most important is approve .., no matter how high cfm lesser than normal cc rate .

yes..surely lesser than CC rate.

 

[johnsonlock]

I also don't understand. If people need DCP, obviously their credit rating won't be very good. I think it's a wayang. The banks just want to keep sucking blood through the credit card and OD lines interest

 

[aang1971]

I also don't understand. If people need DCP, obviously their credit rating won't be very good. I think it's a wayang. The banks just want to keep sucking blood through the credit card and OD lines interest

my view also...the big 4 are bloodsuckers

look at dbs..20% EIR!!!

 

[Iwanttobehappy]

I also don't understand. If people need DCP, obviously their credit rating won't be very good. I think it's a wayang. The banks just want to keep sucking blood through the credit card and OD lines interest

Yaya ... I thought this plan was to help "us" ..

 

[melbourne10]

my view also...the big 4 are bloodsuckers

look at dbs..20% EIR!!!

Still lower than monthly interest. But still zzz.

 

[Carlingford]

My application just got rejected by BOC. Sent on 21 Feb & rejected today.

 

[melbourne10]

Yaya ... I thought this plan was to help "us" ..

Maybe is ABS force the banks to have it. So they push out, but then don't approve applications. LLST

 

[melbourne10]

The telesales ppl also one kind, 101 promises but nothing in the end zzz

 

[johnsonlock]

I thought I could see light at the end of the tunnel when they offered this plan and be debt free after 6 years. Paying over $1000 in interest every month is a killer and my principal never goes down. But very depressed after rejection. Don't know how to get out of debt sigh

 

[melbourne10]

I thought I could see light at the end of the tunnel when they offered this plan and be debt free after 6 years. Paying over $1000 in interest every month is a killer and my principal never goes down. But very depressed after rejection. Don't know how to get out of debt sigh

Try another bank first. I sent my second app alrdy. Citi, now HSBC.

No one tried CIMB or Maybank?

 

[Iwanttobehappy]

I thought I could see light at the end of the tunnel when they offered this plan and be debt free after 6 years. Paying over $1000 in interest every month is a killer and my principal never goes down. But very depressed after rejection. Don't know how to get out of debt sigh

Yaya .. dunno we can all write petition letter or not ..

 

[aang1971]

i got hx rating as i was sued by a motorcar workshop, ntuc refused to settle as the claim was excessive.

this is stuck on my record....NTUC very ****** up

 

[aang1971]

Thanks...but if one rejected me...surely other bank also will kana rejected.should be like that right?

you can try, banks have different risk appetite

 

[aang1971]

My application just got rejected by BOC. Sent on 21 Feb & rejected today.

@Carlingford

Did they say why?