Debt consolidation Plan

[sgman88]

How come no one apply HLB 3.5%?

Isn't interest rate the lower the better?

Hong Leong bank? Ya, any reason y debtors nv mention abt this bank? Sometimes I was thinking who actually r the person giving advice n posting in the thread.

 

[Sysedit]

anyone can recommend a friendy CSO from dbs? coz just now i call dbs dcp dept. one malay lady pick up. but her reply was like bo chup. always give standard answer dont brother to gelp check or tell me of the ** report must show 12x etc

she just say just send in and apply.... not i want to say anything as i am in hot soup lao. who care about standard answer.... at least be abit more helpful.... so any bro can share a nice helpful cso.. at least i let him or her earn com i also happy...

or any bro out there got a helpful cso from other bank can intro? can pm me thx

 

[Satanchild666]

can pm me thx

You got a PM.

 

[Satanchild666]

How come no one apply HLB 3.5%?

Isn't interest rate the lower the better?

Have you tried applying with them? Care to share your experiences.

 

[Satanchild666]

Hong Leong bank? Ya, any reason y debtors nv mention abt this bank? Sometimes I was thinking who actually r the person giving advice n posting in the thread.

And so, are you with them. If so how long for the process to take place. And if haven’t why you didn’t go any try then share your experience here. Wouldn’t that be better. Instead of presume things.

 

[Handsome_guy]

Have you tried applying with them? Care to share your experiences.

No, I haven't apply with them. Just curious how come no one mention them here.

 

[reggaez]

Hong Leong bank? Ya, any reason y debtors nv mention abt this bank? Sometimes I was thinking who actually r the person giving advice n posting in the thread.

interesting quote from this fella. here people are sharing real life experiences and here this guy just throw doubts to everyone's credibility....

i give u my reason why a debtor like myself didn't mention about Hong Leong DCP.....

because I DIDNT KNOW THEY HAVE DCP LOL!!!!

and yes im stuck with the bank with the one of the highest interest rate (UOB)

because NO OTHER BANK ACCEPT ME LOL!!!! (SCB Maybank HSBC Citi all reject me!!)

 

[bozoka86]

anyone can recommend a friendy CSO from dbs? coz just now i call dbs dcp dept. one malay lady pick up. but her reply was like bo chup. always give standard answer dont brother to gelp check or tell me of the ** report must show 12x etc



she just say just send in and apply.... not i want to say anything as i am in hot soup lao. who care about standard answer.... at least be abit more helpful.... so any bro can share a nice helpful cso.. at least i let him or her earn com i also happy...

or any bro out there got a helpful cso from other bank can intro? can pm me thx

lol. i call in last week to look for another guy name derrick. but she say she can help (because she will earn the incentive)

her tone very very sloppy. make me very turn off...and

 

[Satanchild666]

interesting quote from this fella. here people are sharing real life experiences and here this guy just throw doubts to everyone's credibility....

My sentiments exactly!

Before apply DCP, did some goggle researched, non of them mentioned about HLB.

Come to this thread non also mentioned HLB. Only today. And irony, he knew, and yet don’t want to share, came here and doubted our credibility.

 

[Jojodespo]

Eh wah. I’ve been in this thread for so Long, providing advice to many, seeing many who have pm’ed me separately about their DCP get approved.. and yet I’ve never heard that HL has a DCP either... LOL.

Am I missing something in life? If I saw 3.5% I sure go apply one. After all, I got rejected 5 times before I was approved with SCB at an interest rate that surely does not beat 3.5%.

 

[paurusu]

Just kpo for HLB DCP. It seems doesn't exist at glance

Point 2 :
https://www.abs.org.sg/consumer-banking/consumers/debt-consolidation-plan


But it does exist. Perhaps only recently .

https://www.hlbank.com.sg/debt-consolidation-plan

 

[lork44]

Just kpo for HLB DCP. It seems doesn't exist at glance

Point 2 :
https://www.abs.org.sg/consumer-banking/consumers/debt-consolidation-plan


But it does exist. Perhaps only recently .

https://www.hlbank.com.sg/debt-consolidation-plan

Wow HL allow you to loan 10 years.

 

[Handsome_guy]

Just kpo for HLB DCP. It seems doesn't exist at glance

Point 2 :
https://www.abs.org.sg/consumer-banking/consumers/debt-consolidation-plan


But it does exist. Perhaps only recently .

https://www.hlbank.com.sg/debt-consolidation-plan

The list by abs should be not up to date one.

I go see diners club but can't find anything on dcp.

 

[Handsome_guy]

Anyone on dmp but fail to make payment ? What is the consequences if fail 1 or 2 bank but prompt to others , is it no meaning pay to the rest if getting sued by 1 or 2 banks ??

Can you share more on dmp?

Is it more troublesome than dcp? Since you need to deal with so many banks.

 

[Darkmind77]

Just got rejected by DBS. I would thought same bank would be easier.

HZ score
Debt:$42k
Income now mid $2k then 3yrs back $3.5k(just cannot get jobs above $3k... had to take whatever comes...) had to draw other lines to feed payment and life.
Opted for 5yrs, monthly about $850-$950 would be comfortable, rejected.

Then I called up UOB(no cards, no savings with them), the kind CS explained a lot.
- if you have huge drop in salary, and if u apply to one of the cards bank, they MAY do credit review and MAY take some actions to “retrieve the differences”

- if you are Low HH or HZ, and when you are applying DCP, you are sending Red flag out.

For my case, I’m giving HL bank a last shot while submitting to credit Counseling... soon to run out of funds to draw liao...

Any bro in same boat with HZ or low HH rejected? What’s your current situation?

 

[Darkmind77]

My sentiments exactly!

Before apply DCP, did some goggle researched, non of them mentioned about HLB.

Come to this thread non also mentioned HLB. Only today. And irony, he knew, and yet don’t want to share, came here and doubted our credibility.

I called. They launched on 6 Jan this year. Late into the party

 

[Darkmind77]

interesting quote from this fella. here people are sharing real life experiences and here this guy just throw doubts to everyone's credibility....

i give u my reason why a debtor like myself didn't mention about Hong Leong DCP.....

because I DIDNT KNOW THEY HAVE DCP LOL!!!!

and yes im stuck with the bank with the one of the highest interest rate (UOB)

because NO OTHER BANK ACCEPT ME LOL!!!! (SCB Maybank HSBC Citi all reject me!!)

What was your rating and loans?

 

[Darkmind77]

SCB looks at basic pay. But remember to get a payslip that does not show your full gross annual salary.

I called up Credit Counselling and A bank CSO mentioned Credit rating is the key. I’m HZ, been using DBS Bank for life... I thought same back easier to auto deduct about $900 out of my $2200 salary into bank... Kenna rejected also

 

[Satanchild666]

Just got rejected by DBS. I would thought same bank would be easier.

HZ score
Debt:$42k
Income now mid $2k then 3yrs back $3.5k(just cannot get jobs above $3k... had to take whatever comes...) had to draw other lines to feed payment and life.
Opted for 5yrs, monthly about $850-$950 would be comfortable, rejected.

Then I called up UOB(no cards, no savings with them), the kind CS explained a lot.
- if you have huge drop in salary, and if u apply to one of the cards bank, they MAY do credit review and MAY take some actions to “retrieve the differences”

- if you are Low HH or HZ, and when you are applying DCP, you are sending Red flag out.

For my case, I’m giving HL bank a last shot while submitting to credit Counseling... soon to run out of funds to draw liao...

Any bro in same boat with HZ or low HH rejected? What’s your current situation?

When you switched your job? If your salary is 2k plus with 42k of debt I think it’s the ideal amount that bank would like to help, which is DCP. I maybe wrong. But many here saying similar to what I mentioned above.

I think priority is do you have stable income. Meaning to say, if you keep on hopping job then they may find it unsecured, to have you in their DCP program. Again I might be wrong.


I got my DCP last year and my rating back then were FF. Prior to the DCP, got no history of default payment. But I think the rating was lousy after I realized there’s limited fund for me to spend monthly and I keep on paying the interest instead of the principal, hence decided to get various bank loans e.g Anz.

Working for 10 years, hence my income to them is stable, compared to those who switching job here and there. Again I might be wrong.

Just sharing what I been thru. My advice just try to apply DCP, before go for counseling, as what I know it’s time consuming plus, you still to pay your min, until they do something about it.

 

[Satanchild666]

I called. They launched on 6 Jan this year. Late into the party

I see, so another bank I can think for refinancing. Thanks for the info.