Debt consolidation Plan

Status
Not open for further replies.
M

melbourne10

Senior Member
Joined
May 12, 2010
Messages
975
Reaction score
1
deadlockb said:
I choose 5 years .for ** rating, i have paid around. 20k +
And then refinanced the remaining loans.after that rating shoot up to cc.
I did this in August.within 2 months i can see that score is improved.
Click to expand...

Interesting. But not everyone can do that I reckon
 
C

Carlingford

Senior Member
Joined
Feb 21, 2017
Messages
796
Reaction score
0
Actually DCP is similar lah

Taurusmay said:
Kind of anxious to know the result too. Cos I heard when come 1st June 2017 about the new MAS rulings. For those who have an outstanding unsecured credit that is more than 18times your monthly income. All your unsecured credit faclities will be suspended and immediately placed under DMP (Debt Management Plan). This will be not good.
Click to expand...
 
aang1971

aang1971

Banned
Joined
Oct 10, 2009
Messages
15,039
Reaction score
943
Carlingford said:
That was the figure in 2015, imagine now
Click to expand...

probably worst

whose dick is bigger mentality n comsumption culture in singapore is fueled by such unsecured credit

we dun save to buy luxuries

we buy and pay for over next few tears
 
Last edited:
deadlockb

deadlockb

Member
Joined
Oct 30, 2007
Messages
210
Reaction score
0
if the credit card account and Cash line accounts are suspended, will they still charge the annual fee for the next 5 years after i take up DCP.?

Do i need to cancel all cards in that case?( if suspension attracts an annual fee ).
 
G

gongguan

Member
Joined
Mar 1, 2017
Messages
171
Reaction score
0
i am with RAS ever since its started. i felt that not suitable for me as my monthly repayment can go down and able to repay the debt without any repayment fee.
 
C

Carlingford

Senior Member
Joined
Feb 21, 2017
Messages
796
Reaction score
0
I think just cancel better lah..Make a clean break

deadlockb said:
if the credit card account and Cash line accounts are suspended, will they still charge the annual fee for the next 5 years after i take up DCP.?

Do i need to cancel all cards in that case?( if suspension attracts an annual fee ).
Click to expand...
 
Status
Not open for further replies.
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ Forums. Forum members and moderators are responsible for their own posts. Please refer to our Community Guidelines and Standards and Terms and Conditions for more information.
Top