Debt consolidation Plan

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LosingHope

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I check my CBS my unsecured credit limit increased from 62k to 68k... anyone hv any idea why limits change in this way after i apply DCP? My DCP yet to approve...
 
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TabascoSauce

TabascoSauce

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Xiang91 said:
Hi guys, been reading about this forum quite some time.

2 weeks ago, apply for DCP with HSBC. Was rejected last few days ago via letter.

Total debt across all bank was 37k.
As for my salary.
Basic 2.8k
I got a transport allowance of 700 every mth.
However, my NOA for 2018 was 33k. (however, i just work for my company for less than 2 yrs)

Dunno what should i do.

Got renovation loan, car loan need to clear also. Plus a maid salary have to give every month. Quite tight every month. Cant even save a few $$.

Wife just started working. Hoping can at least save some saving.

Anybody with same situation as me did apply DCP and get approved?

With allowance, did not make up to 12x.
With basic only, alrdy more than 12x..
Click to expand...

Salary 3.5k but own a car and have maid?

If I'm u, the first thing I would consider is to get rid of those 2
 
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OrdinaryRoad

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Hi all,
My DCP application with SCB was just approved, I feel extremely grateful and relieved upon hearing the news.
Special thanks to Renaldory for reaching out to me for CSO contact and all the bros here sharing their experiences in this thread.

My rating at the point of application is HH at a score of 1640
Debt: Around 51K.
NOA: 40K

Prior to SCB approval, I got rejected by HSBC in November when my credit score was already HH. Hence I was quite surprised when I heard my DCP application was approved . (as HH is the lowest credit rating)

From now, I will definitely be more disciplined and not let my spending go out of control else the problem will never be solved.

For those who are interested, for my case it took around 2 weeks (starting from submitting required documents to the disbursement of the fund from approving bank to various outstanding accounts.

Personal experience with HSBC and SCB CSO is quite good, both are patient, efficient and clear in explaining any doubts/questions i had.

To all the bros still trying to apply for DCP, please do not give up or lose hope. Bros with credit score of HH, you may try with SCB, Maybank or HSBC.

Also please ensure minimum payment is made before the due date as i personally believe this is one of the main factors banks will look out for when granting unsecured credit facility /loans.
 
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algernonster

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Hi all, any idea if on DCP can buy car? Given that my HOusing loan have been approved during DCP (last year).I am in my year 2 of DCP and I want to buy a car, able to make a down payment of 50%.
 
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Xiang91

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OrdinaryRoad said:
Hi all,
My DCP application with SCB was just approved, I feel extremely grateful and relieved upon hearing the news.
Special thanks to Renaldory for reaching out to me for CSO contact and all the bros here sharing their experiences in this thread.

My rating at the point of application is HH at a score of 1640
Debt: Around 51K.
NOA: 40K

Prior to SCB approval, I got rejected by HSBC in November when my credit score was already HH. Hence I was quite surprised when I heard my DCP application was approved . (as HH is the lowest credit rating)

From now, I will definitely be more disciplined and not let my spending go out of control else the problem will never be solved.

For those who are interested, for my case it took around 2 weeks (starting from submitting required documents to the disbursement of the fund from approving bank to various outstanding accounts.

Personal experience with HSBC and SCB CSO is quite good, both are patient, efficient and clear in explaining any doubts/questions i had.

To all the bros still trying to apply for DCP, please do not give up or lose hope. Bros with credit score of HH, you may try with SCB, Maybank or HSBC.

Also please ensure minimum payment is made before the due date as i personally believe this is one of the main factors banks will look out for when granting unsecured credit facility /loans.
Click to expand...


Congrats!!
Still waiting for my SC application. Hopefully approved but not much hope in it :(
 
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