Debt consolidation Plan

[RebornMyLife88]

2 cents - if you are struggling to meet the repayment plan and you choose to partially dcp (assuming bank can go through) - wont it hit your capability to pay in the end?

It doesn't sound as good plan as you technically doesn't resolve your debt issue but instead creating risk to default your DCP going forward - due to nondeclared commitment.

Not to mention perhaps this is already a no no situation

I see...But there's a point indicating that if your DCP approved amount is lesser than your outstanding balance. We have to settle the balance on our own.

 

[Jojodespo]

Bro, DCP itself means your amount is more than 12x monthly salary. That itself is a large amount enough to be brought to court. A CSO did warn me on this before not to skip any DCP payments.

it is not true. if u owe little amount, they will not sue you.

 

[Jojodespo]

THANK YOU SO MUCH!!! yeah he’s been getting annoying and I think he may be the same person as a few over accounts around here. Thanks for letting him know.

dude, this is not a blog.
You are better off writing your stories in edmw.

People are here to discuss seriously about how to pare down debts in a logical/sensible manner. Gambling is not a serious nor sensible way to pare down debts. Even if you wanna use gambling to do it, don't update here with these information as it doesn't help anyone.

2cent.

 

[Jojodespo]

My DCP approved was $63000, excess would have been $3150+, but I needed to pay for fees for closing accounts, and also to pay the last months credit card bill payments.

In total, I got back around 2.5k in excess. Also from waiving the interests etc.

bro. that time the 5% buffer. how much excess u get back?

 

[Fayew123]

My DCP approved was $63000, excess would have been $3150+, but I needed to pay for fees for closing accounts, and also to pay the last months credit card bill payments.

In total, I got back around 2.5k in excess. Also from waiving the interests etc.

Thanks bro for your advise previously. I managed to get approved with DBS. 4.58% at 8 years. Managed to get back the excess payment of 6k ++ and minus off the last credit card and will have balance of 3 k plus. Enough to cover for 3 months dcp installment. By the way, DBS also have cash back $300 which is not bad. If not becoz of this forum and yourself, i wont be able to move on. Now hope to shorten the length of repayment and save at the same time. Thank You!!

 

[bozoka86]

Thanks bro for your advise previously. I managed to get approved with DBS. 4.58% at 8 years. Managed to get back the excess payment of 6k ++ and minus off the last credit card and will have balance of 3 k plus. Enough to cover for 3 months dcp installment. By the way, DBS also have cash back $300 which is not bad. If not becoz of this forum and yourself, i wont be able to move on. Now hope to shorten the length of repayment and save at the same time. Thank You!!

finally saw someone with dbs approval since i ask at forum last month... was attarcted to dbs
.is dbs application smooth sailing?

 

[Fayew123]

finally saw someone with dbs approval since i ask at forum last month... was attarcted to dbs
.is dbs application smooth sailing?

Not really. I have appeal twice. Coz my amount that owe is alittle lesser than 12 times of my salary.Like $100? After 2nd appeal and they approved within 3 working days. Phew!

 

[airtroopers]

Hi bro, we need to find out what your Low rating was caused by. Were you chased by Lawyers before for failed payments? Are your payment cycles all AAAAAAA? And are you close to your total unsecured credit limit?

Haven been paying for 3 4 years..CBS put unsecured limit 1000..Total outstanding about 60000

 

[Jojodespo]

Hey bro! Congrats!!!!!!!!

Yup, try to shorten the length if you have a big bonus or something that comes in at a later stage of your life. happy for you and happy I helped.

Cheers!

Thanks bro for your advise previously. I managed to get approved with DBS. 4.58% at 8 years. Managed to get back the excess payment of 6k ++ and minus off the last credit card and will have balance of 3 k plus. Enough to cover for 3 months dcp installment. By the way, DBS also have cash back $300 which is not bad. If not becoz of this forum and yourself, i wont be able to move on. Now hope to shorten the length of repayment and save at the same time. Thank You!!

 

[Jojodespo]

Eh... that explains your Low rating. Your credit exposure is ridiculously high seeing that you have an unsecured limit of $1000, but your outstanding is 60 times your limit..

Actually how is that even possible? Did you update your income with the banks? They would compute and update CBS accordingly.

Haven been paying for 3 4 years..CBS put unsecured limit 1000..Total outstanding about 60000

 

[bozoka86]

Thanks bro for your advise previously. I managed to get approved with DBS. 4.58% at 8 years. Managed to get back the excess payment of 6k ++ and minus off the last credit card and will have balance of 3 k plus. Enough to cover for 3 months dcp installment. By the way, DBS also have cash back $300 which is not bad. If not becoz of this forum and yourself, i wont be able to move on. Now hope to shorten the length of repayment and save at the same time. Thank You!!

bro can advise your NOA and outstanding debts? i see am i in good chance to get approve or not?

 

[Perisher]

To the few of you who likes to discuss gambling in a debt reducing thread, kindly bring it to edmw. Otherwise, all subsequent post will be reported.

Kindly note, it is detrimental to the discussion and not helping anyone.

I swear whole life ban horse . Frustrated with the f*cking horse , only can lose big win small or totally lose no win 99/100 times , i don't know why still so many stupid punters choose to play horse instead of casino , those play horse one really no brain , lost another 600 , so far horse lost more than 30k , chaozibai.

U go gamble horse again? But u still hv 2k left after u win that day at least not too bad. U hv so much money to lose 30k?

Every time go lost few hundred ,one thousand don't know how many time already, if win only win peanut , most of the time lost clean never hit in single race, better fight in cruise , if lose big also nothing to blame, coz cruise really can win big , if got luck easily few k ,10 k win in a day also can , but the fu*king horse even very good win form only can win few hundred or 1k+ like that ,see the horse racing also want to vomit , pui. Only mad fellow will bet horse , today is the last time turfclub cheat my money , even i lose to cruise in future also nevermind, as long as no more fu*king mother fu*ker chaozibai cheating horse.

 

[Jojodespo]

Glad you brought this up. To be frank, all they ever talk about here is gambling and is unrelated to the topic of this thread.

We also believe they are the same person.

To the few of you who likes to discuss gambling in a debt reducing thread, kindly bring it to edmw. Otherwise, all subsequent post will be reported.

Kindly note, it is detrimental to the discussion and not helping anyone.

 

[Perisher]

Glad you brought this up. To be frank, all they ever talk about here is gambling and is unrelated to the topic of this thread.

We also believe they are the same person.

Should report it. Would have removed them if i knew.

 

[lxs1990]

Prepayment Rates?

Hi, does anybody know the prepayment rate for Citibank?
I have misplaced my loan agreement so unable to check - currently on a 66k loan, would like to settle it off.

 

[Perisher]

Hi, does anybody know the prepayment rate for Citibank?
I have misplaced my loan agreement so unable to check - currently on a 66k loan, would like to settle it off.

Call citibank?

 

[Resolution208]

Hi, does anybody know the prepayment rate for Citibank?
I have misplaced my loan agreement so unable to check - currently on a 66k loan, would like to settle it off.

I’m also with Citi, the early repayment fee is 5% of the principle amount .

 

[lxs1990]

I’m also with Citi, the early repayment fee is 5% of the principle amount .

Thank you!

 

[liondomo]

To all bros on dcp with HSBC, may i know how u pay your loans monthly? do they open an account for u to do so or?

thanks in advance!

 

[bozoka86]

Mods pls block.... reported alr.[/QUOT
good job