Debt consolidation Plan

[servillafran]

I did call the CSO. But she seems not aggressive in pushing in. I did call but she said is still in process. Take so long one har? Since last week. I saw HSBC review my CRS on 10.9.2018.

 

[servillafran]

Is my rating very bad?

 

[Jojodespo]

No uh your rating is still quite ok. A lot of banks still open for you. You should call HSBC up if not go for Maybank.

Is my rating very bad?

 

[Vera21]

I did call the CSO. But she seems not aggressive in pushing in. I did call but she said is still in process. Take so long one har? Since last week. I saw HSBC review my CRS on 10.9.2018.

I submitted my application on Wed 5 Sept, HSCB review my credit bureau report on Mon 10 Sept. CSO called me on Wed 12 Sept to inform my application was successful. I only received HSBC SMS notification and see a new account opened via IB on Thurs 13 Sept.

 

[servillafran]

I applied MBB and SCB. MBB officers did say HSBC might not be comfy with my BTI above 18.

SCB officer told me they can actually offer me up to S$200K base on my past records with them. He even told me my rate of approving is closed to 98%. Dunno how true.

I think HSBC is gone case liao la. Now pray hard for MBB and SCB.

 

[Lifesotough]

Hope all the bros and sis here are pushing on well.

It’s been almost 18 months since HSBC approved my DCP. 3.5 years more to go!

Don’t despair and things will get better!

 

[dubiousboy87]

Hi guys new to HWZ and want to know about DCP

Hi all,

I think i mis-managed and like many others i can't breathe.

I saw this DCP and wish to apply.

May i know if bank statements reflecting full outstanding is sufficent? Or i need to produce those.. balance transfer letters? I've thrown them away

 

[molotovmocktail]

Just came to check again

Hey guys, hope everyone's on the right path.

Mine 14 months out of 60 months done, happy to be breathing better now and that principal sum will eventually be paid off.

Not much doubt about this if you're eligible because this DCP is the only realistic way to get out of trouble, before going for DMP.

 

[molotovmocktail]

Provide as much as possible but if you can't produce, shouldn't be a big problem if your CSO is good. BT should reflect the monthly in your statement.

Anyway, probably after approval then you need to supply the rest of the documents and banks will provide installment termination letter (for eg. CIMB) to go along with this.

Hi all,

I think i mis-managed and like many others i can't breathe.

I saw this DCP and wish to apply.

May i know if bank statements reflecting full outstanding is sufficent? Or i need to produce those.. balance transfer letters? I've thrown them away

 

[molotovmocktail]

same same

Same same bro, 14/60 Citi - pushing on well. damn lucky i got this DCP sorted out before i lost my previous job, LLST for 3 months. Now better pay and even a raise. At least more buffer to pay off around $1,600 per month.

Hope all the bros and sis here are pushing on well.

It’s been almost 18 months since HSBC approved my DCP. 3.5 years more to go!

Don’t despair and things will get better!

 

[dubiousboy87]

What should i really do? I'm just waiting for this month's latest statement and then submit everything to the CSO that has been attending to me.

Should i call up my bank to cancel all my cards after or any termination of fees for those personal loans/instalments/prepayments?

I'm a little lost.

 

[servillafran]

DCP

Hi All,

I called HSBC. They told me my application is in the final stage. That mean got hope or no hope?

 

[servillafran]

DCP

Got a call from HSBC officer finally. DCP approved but only 7 years tenor. Road to debt free started.

 

[dubiousboy87]

hey sevillafran

might giving the whole timeline till approval?

Also how the form was filled up? Some say.. they say "Refer to statement" but my personal loan for UOB always say like 24/60 so there's no total amount leh.

How to find out my...total unsecured loan.

 

[servillafran]

Hi ,

I applied on 4.9.18. HSBC review my CBR on 10.9.18. The approval come late evening, 17.9.18. Approximate 14 days. But MBB & SCB told me they can get reply within 5 days.

As for the application form, the financial aspects just leave blank. The CSO will fill up for you.

As for UOB loan, you just take 60-24 * instalment amount will be the outstanding loan.

 

[molotovmocktail]

Got a call from HSBC officer finally. DCP approved but only 7 years tenor. Road to debt free started.

gratz bro. 7 years then pay off earlier lor. if not it's still 3 more years of interest (if u were going for 10). can tahan monthly payment (vs 10 years)?

 

[molotovmocktail]

What should i really do? I'm just waiting for this month's latest statement and then submit everything to the CSO that has been attending to me.

Should i call up my bank to cancel all my cards after or any termination of fees for those personal loans/instalments/prepayments?

I'm a little lost.

depends on how proactive your CSO is but in any case, those loans will be cancelled (or converted to a lump sum with penalties if applicable), only AFTER approval of DCP. So don't cancel on your own yet since you can't pay off anyway. Good luck.

 

[servillafran]

Still can lor

 

[dubiousboy87]

so you're saying after we get approval, we start calling the banks to cancel the cards?

Then we gotta inform the bank who to pay and what not..?

 

[servillafran]

I am not too sure. I am waiting for them to instruct me what to do.