Debt consolidation Plan

[iamnotlame]

Which industry is this friend of yours? Or your friend's company has explicitly stated in their rules and regulations that if someone is in DCP, they are going to be terminated?

Yes they will do this. Tell them you prefer to use a debit card for safety purposes. Friend lost his job when he applied a corporate card and the bank found out he’s on DCP..

 

[janessali]

Hey Jane, still require me to PM? About the reno loan ah? Haha

Yes pls I need. Hahahhaa

 

[seribayu]

Hi.

Can i check, how do i go about going thru ccs? My current rate is HH.

 

[Jojodespo]

Cos he works in a bank. The bank got him to declare annually on indebtness and he said he wasn’t more than 3 months in outstanding loans. Then they say he’s on DCP so they made a case against him.

Seriously bro? your friend lost his job because he was on DCP? whats the rationale here?

I will update my the status of my application once I have them...fingers crossed!

 

[Jojodespo]

Hello Misspotato,

Well I managed to improve my rating to FF after constantly paying my outstanding amounts for about 3 months. And also, don’t keep buying CBS report cos it also affects your CBS rating. Also stop applying for any unsecured loans during the period of time. Took me 3 months to go from HH to FF... then I applied with SCB and was approved.

Jojo, last time u were HH and have difficulty applyig DCP right. What steps did u take to apply successfully?

 

[Jojodespo]

You can visit Their website and sign up for a session first. All the best !

Hi.

Can i check, how do i go about going thru ccs? My current rate is HH.

 

[Jojodespo]

Usually companies will state in their policy to declare if in any indebtness. For me I always tick “No”..

Which industry is this friend of yours? Or your friend's company has explicitly stated in their rules and regulations that if someone is in DCP, they are going to be terminated?

 

[Ddzfhy]

i got rejected by HSBC twice,my rating is CC,
montly income is $5950

outstanding $75k ,,,sad...
now every month pay the debt,and bti become lower and lower, need to apply loan again to hit 12x salary

 

[Ddzfhy]

i wanted to try Dcp at DBS bank

 

[liondomo]

Cos he works in a bank. The bank got him to declare annually on indebtness and he said he wasn’t more than 3 months in outstanding loans. Then they say he’s on DCP so they made a case against him.

Bro, i work in a bank too but i dnt recall having such declarations. anyway my boss have submitted my application.

Hope i dnt end up like yr frd lol

 

[Positivecockroach]

Hi, couldn't slp and read through all post here.


I am in same situation, in Debt and trying to get out of the scenario and restart in life . When young just does not know how to manage my finance well.....

Just to check for HZ. Any one got aprve for. Dcp under any bank before?

Last yr in jun I tried with citi. When the Cso. Approached me . Failed.
Managed to Clear abit but still hanging there.
This yr strike me again and I apply. Myself through bank bazaar. They told me try posb for 7 years and was send for processing ytd with all. Info after primary check by the officer.

Applied for 7 yrs, and 6.99 int due to. HZ IN. CREDIT RATING (3.98 was their ads offer)

Owe 88k
Monthly income :5400

Tia

 

[Jojodespo]

Try HSBC, UOB, Maybank and SCB. DBS.. good luck. Very little approvals.

Most approvals come from Maybank/HSBC

i got rejected by HSBC twice,my rating is CC,
montly income is $5950

outstanding $75k ,,,sad...
now every month pay the debt,and bti become lower and lower, need to apply loan again to hit 12x salary

 

[Ddzfhy]

Hi, couldn't slp and read through all post here.


I am in same situation, in Debt and trying to get out of the scenario and restart in life . When young just does not know how to manage my finance well..... ����

Just to check for HZ. Any one got aprve for. Dcp under any bank before?

Last yr in jun I tried with citi. When the Cso. Approached me . Failed.
Managed to Clear abit but still hanging there.
This yr strike me again and I apply. Myself through bank bazaar. They told me try posb for 7 years and was send for processing ytd with all. Info after primary check by the officer.

Applied for 7 yrs, and 6.99 int due to. HZ IN. CREDIT RATING (3.98 was their ads offer)

Owe 88k
Monthly income :5400

Tia

good luck !!

i also just sending mine to DBS, i just got rejected by HSBC
owe- $75k
Monthly-$5950

 

[Positivecockroach]

Hi I'm new here, just to check, do you mean we can submit multiple application for diff bank? I'm thinking of submitting to uob, ytd submit for posb but review here seems successful. Rate skewed towards uob

Please advice

In the case that you had submitted multiple applications through the bank, the first one who register you in the DCP registry will be the one covering your DCP, from what I see, if HL doesnt match, what he is offering is good too, at least the rates are better than the other banks. Do let us know your good news.

 

[deadlockb]

anyone applied for Refinancing the DCP with otherbank? my current bank charges 5%+.
1.who can offer a better rate?
2. also.,does the new DCP bank pays the Early repayment fee: 5% of the repayment amount ?

Anyone successfully refinanced their loan?Thanks

 

[Positivecockroach]

Hi can you share with me the contact, please

Thanks! Pls pm me once u have his consent.

 

[Positivecockroach]

Good luck to you too

good luck !!

i also just sending mine to DBS, i just got rejected by HSBC
owe- $75k
Monthly-$5950

 

[Positivecockroach]

Hi. May I ask. For uob dcp, I'm. Trying to upload the doc online. Application but seems can't go through? Did you submit online? If yes? The doc seems larger than 10 mb? Can't zipped though

anyone knows?

 

[liondomo]

anyone applied for Refinancing the DCP with otherbank? my current bank charges 5%+.
1.who can offer a better rate?
2. also.,does the new DCP bank pays the Early repayment fee: 5% of the repayment amount ?

Anyone successfully refinanced their loan?Thanks

bro, let me share my experience here about re-financing. Ard June 2017 i got approved by MBB for 8 years and after paying ard 9 months my backside itchy went apply for re-financing and got approved for 7 years at a lower interest and slightly lower monthly amt. However, most banks do not cover the 5% so check properly all details b4 committing.

Come to think of it, it was not worth the effort..... kind of regret but ni choice just move on.

Hope this helps.

 

[liondomo]

i got rejected by HSBC twice,my rating is CC,
montly income is $5950

outstanding $75k ,,,sad...
now every month pay the debt,and bti become lower and lower, need to apply loan again to hit 12x salary

bro, u shld try other banks. i was approved at EE..... slightly more than ur debt.

Good luck!