Debt consolidation Plan

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melbourne10

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I just calculated, my installment is 30% less than the min sum, which is still ok cuz the damn principal will reduce. Min payment doesn't reduce principal.
 
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ckjoe03

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To all bros who has got DCP approved thru MBB and what to expect...

20th March - DCP unofficial approved date from CSO and later on date issued on DCP letter.
27th March - Offcial SMS from MBB DCP approved
28th March - Funds to disperse to all the other FIs and receive MBB Plat card with 1month credit.
.
.
7th April - DCP package receive dated 20th March. Total amt 130k, 7yrs, EIR 9.88%
Today - immediate went MBB to apply Giro and enquire on acct due date missing in letter.
15th April- DCP acct statement generated and due date expected to be 20 working days later, in short early May

As you can see in above timeline. The time lapse is quite huge and the disbursement period lasting 2 weeks min..my last check CIMB fund not in and I will check again later on as shd be in so that I can close the acct and get the excess back from them via cash order.

Do not panic if you did not receive the DCP pack early or worried due date might be coming soon. These are my worries so that I can set enough funds to payoff and not caught by surprise. The reason I apply for Giro so quick after knowing my DCP acct number is so that I can qualify for the 388sgd cash back to your plat card once Giro approved. The Giro approval can take up to 1-2 months!!! So take note on that cos I am just gian Peng to qualify for the 388sgd la...

For closure of your cc and credit lines...it is best to call the banks first..unless it's HSBC line of credit which require me to go down branches to close it down and citi to retain one cc compulsory so LL my premiermiles card remain. That's all for time being and good luck guys to all those who apply...for me a new journey begins....
 
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ixotet

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ckjoe03 said:
To all bros who has got DCP approved thru MBB and what to expect...

20th March - DCP unofficial approved date from CSO and later on date issued on DCP letter.
27th March - Offcial SMS from MBB DCP approved
28th March - Funds to disperse to all the other FIs and receive MBB Plat card with 1month credit.
.
.
7th April - DCP package receive dated 20th March. Total amt 130k, 7yrs, EIR 9.88%
Today - immediate went MBB to apply Giro and enquire on acct due date missing in letter.
15th April- DCP acct statement generated and due date expected to be 20 working days later, in short early May

As you can see in above timeline. The time lapse is quite huge and the disbursement period lasting 2 weeks min..my last check CIMB fund not in and I will check again later on as shd be in so that I can close the acct and get the excess back from them via cash order.

Do not panic if you did not receive the DCP pack early or worried due date might be coming soon. These are my worries so that I can set enough funds to payoff and not caught by surprise. The reason I apply for Giro so quick after knowing my DCP acct number is so that I can qualify for the 388sgd cash back to your plat card once Giro approved. The Giro approval can take up to 1-2 months!!! So take note on that cos I am just gian Peng to qualify for the 388sgd la...

For closure of your cc and credit lines...it is best to call the banks first..unless it's HSBC line of credit which require me to go down branches to close it down and citi to retain one cc compulsory so LL my premiermiles card remain. That's all for time being and good luck guys to all those who apply...for me a new journey begins....
Click to expand...

This is very useful. Thanks so much. Now am waiting for MBB good news 🙏🙏🙏
 
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rickky83

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That's really useful info. For me, I just received offical sms approval and Platinum card. So another a week or more to get official DCP package letter. Thanks for your info.

ckjoe03 said:
To all bros who has got DCP approved thru MBB and what to expect...

20th March - DCP unofficial approved date from CSO and later on date issued on DCP letter.
27th March - Offcial SMS from MBB DCP approved
28th March - Funds to disperse to all the other FIs and receive MBB Plat card with 1month credit.
.
.
7th April - DCP package receive dated 20th March. Total amt 130k, 7yrs, EIR 9.88%
Today - immediate went MBB to apply Giro and enquire on acct due date missing in letter.
15th April- DCP acct statement generated and due date expected to be 20 working days later, in short early May

As you can see in above timeline. The time lapse is quite huge and the disbursement period lasting 2 weeks min..my last check CIMB fund not in and I will check again later on as shd be in so that I can close the acct and get the excess back from them via cash order.

Do not panic if you did not receive the DCP pack early or worried due date might be coming soon. These are my worries so that I can set enough funds to payoff and not caught by surprise. The reason I apply for Giro so quick after knowing my DCP acct number is so that I can qualify for the 388sgd cash back to your plat card once Giro approved. The Giro approval can take up to 1-2 months!!! So take note on that cos I am just gian Peng to qualify for the 388sgd la...

For closure of your cc and credit lines...it is best to call the banks first..unless it's HSBC line of credit which require me to go down branches to close it down and citi to retain one cc compulsory so LL my premiermiles card remain. That's all for time being and good luck guys to all those who apply...for me a new journey begins....
Click to expand...
 
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ckjoe03

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rickky83 said:
That's really useful info. For me, I just received offical sms approval and Platinum card. So another a week or more to get official DCP package letter. Thanks for your info.
Click to expand...

Yes, 1-2 weeks time so stay patient. You can actually at this point check on some of your bank acts already. A number of them shd be posted and you can tell them cancel or cash out excess cash order.

1st action now, redeem all the points out as much as possible as per earlier threads
2nd action, check the due dates of your other FIs bills..a lot are within these few days so if MBB funds not in, I suggest go axs or deposit machine pay off min first. I do that to play safe in case later need do extra call reverse late fees.
 
goenitz33

goenitz33

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Guess my mbb stuff will only come next week since just approved on Thursday.
 
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rickky83

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Will do bro, thanks

ckjoe03 said:
Yes, 1-2 weeks time so stay patient. You can actually at this point check on some of your bank acts already. A number of them shd be posted and you can tell them cancel or cash out excess cash order.

1st action now, redeem all the points out as much as possible as per earlier threads
2nd action, check the due dates of your other FIs bills..a lot are within these few days so if MBB funds not in, I suggest go axs or deposit machine pay off min first. I do that to play safe in case later need do extra call reverse late fees.
Click to expand...
 
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ohsoon

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I still waiting for my AnZ and cimb settlement letter to be sent to MBB
I worried won't get approve because I only work in this company for 1.5 months:(
Though requirement only need 1 month payslip.
Noa:31.2k
OS:37k
Pray hard
 
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