Debt consolidation Plan

[Louis81]

Bro, does your wife knows about your present status?

No bro. But I guess DMP should be the best option for me.

 

[Louis81]

Just spoken to the Citi bank rep as a couple of my statements has expired.

He mentioned that my case is a 50-50 chance, because my outstanding amount is less than 16x of my monthly salary. If more than 16x and above, it's an automatic rejection.

He advise me that if Citibank application got rejected, can try to apply Maybank, UOB and SCB as they have a bigger risk appetite.

More importantly, never do concurrent application.

Expiry as in not latest?

 

[lodestone]

No bro. But I guess DMP should be the best option for me.

guess u are right not to tell your wife.if wife know about ur debt problem... it will bring up alot of arugement.

 

[Louis81]

I saw one thread so the cost of counselling appointment is $30? This appointment can be booked after the talk? Wonder how long will it take to meet the CCS officer

 

[Louis81]

guess u are right not to tell your wife.if wife know about ur debt problem... it will bring up alot of arugement.

Not that we dont want to pay. We can pay with a second chance for all of us.

 

[CeSaRiO]

Expiry as in not latest?

I gave him an older set of statements that's why he called me. But I'll send him tonight once I've found the later ones.

 

[CeSaRiO]

guess u are right not to tell your wife.if wife know about ur debt problem... it will bring up alot of arugement.

Might be a hit or miss case. Depending on how understanding your spouse is to the situation I feel.

 

[lodestone]

Not that we dont want to pay. We can pay with a second chance for all of us.

bank officers also doing their jobs... i think we cant blame them for keep calling us to pay too.... cos they are just getting paid to do their job.

if they cant get back the amount... they also have to answer to their superior.

i work in finance company and suay suay i also in big debt.if i declare bankcrupt.. mean my job sure gone case.

thats why i have to keep going until i find a solution.my biggest mistake is to draw out 5k from sc bank... go to casino to try out my luck to gamble back some money to repay another bank....

did win afew hundred ... take back the $100 entrance fee... but in the end ... lost all the 5k.

so resulting in getting more cash advance to pay here and there and slowly snowball ....

all paying min sum just to keep me going ... and i tried forex too.... using cash advance... won some but due to work.. i cant stick to my monitor for long... and i lost it.

now... is 90% game over for me... and i think the only help is from ccs as my only hope on dcp is gone too.

for me ... dcp is good as in i can still use their credit card credit to get into forex to try another come back.i have the skill but only dont have the time as i need to pay here and there.... work..work work.. until i really cannot concentrate to trade forex.

if only i can have the time to do it... but seems like everything just fall back on me when i need the time and fund.


ccs is my only hope....


well... bidding time for space to think of a way to come back lor for now.

 

[Kim_1988]

dear fellow members,

i got a urgent question. i received a written of summons from a bank recently and i have already called the bank and we have work out a plan to repay. i will be traveling this month for work in oversea for a week will i be block from leaving the country. thank you very much for the help.

 

[melbourne10]

dear fellow members,

i got a urgent question. i received a written of summons from a bank recently and i have already called the bank and we have work out a plan to repay. i will be traveling this month for work in oversea for a week will i be block from leaving the country. thank you very much for the help.

Don't think so because not officially bankrupt

 

[Louis81]

dear fellow members,

i got a urgent question. i received a written of summons from a bank recently and i have already called the bank and we have work out a plan to repay. i will be traveling this month for work in oversea for a week will i be block from leaving the country. thank you very much for the help.

I dont think so. Anyway can share the plan that u work with the banks? Like which bank and reduction in interest Or ...

 

[lodestone]

dear fellow members,

i got a urgent question. i received a written of summons from a bank recently and i have already called the bank and we have work out a plan to repay. i will be traveling this month for work in oversea for a week will i be block from leaving the country. thank you very much for the help.

wah so good?can nego with bank to repay.how u do it?i thought cannot be done right as bank is still a bank they only need money back and not to nego with us ....

how u do it???can share? i also want to nego with bank to help me how to pay back so i wont need to go ccs and also get to keep my cc.

 

[melbourne10]

wah so good?can nego with bank to repay.how u do it?i thought cannot be done right as bank is still a bank they only need money back and not to nego with us ....

how u do it???can share? i also want to nego with bank to help me how to pay back so i wont need to go ccs and also get to keep my cc.

Once u nego a structured repayment the bank will cut the card(s)

 

[lodestone]

Once u nego a structured repayment the bank will cut the card(s)

isit only for that bank card?other bank card still can use?

 

[melbourne10]

isit only for that bank card?other bank card still can use?

For the time being. But 2 months later ur status will be reflected on credit report. And other banks will do periodic review and its quite obvious. Then they might be dirty and cut u off also.

 

[multi]

bank officers also doing their jobs... i think we cant blame them for keep calling us to pay too.... cos they are just getting paid to do their job.

if they cant get back the amount... they also have to answer to their superior.

i work in finance company and suay suay i also in big debt.if i declare bankcrupt.. mean my job sure gone case.

thats why i have to keep going until i find a solution.my biggest mistake is to draw out 5k from sc bank... go to casino to try out my luck to gamble back some money to repay another bank....

did win afew hundred ... take back the $100 entrance fee... but in the end ... lost all the 5k.

so resulting in getting more cash advance to pay here and there and slowly snowball ....

all paying min sum just to keep me going ... and i tried forex too.... using cash advance... won some but due to work.. i cant stick to my monitor for long... and i lost it.

now... is 90% game over for me... and i think the only help is from ccs as my only hope on dcp is gone too.

for me ... dcp is good as in i can still use their credit card credit to get into forex to try another come back.i have the skill but only dont have the time as i need to pay here and there.... work..work work.. until i really cannot concentrate to trade forex.

if only i can have the time to do it... but seems like everything just fall back on me when i need the time and fund.


ccs is my only hope....


well... bidding time for space to think of a way to come back lor for now.

Forex is also the cause of your problem don't you think so? It's like a big casino too. You win peanut but lost big big. If you can get out of this situation, my advise is don't touch Forex again.

Sent from LGE LG-H990 using GAGT

 

[england234]

This journey of uncertainty has indeed affected me quite a bit, as I'm sure most of the bros / sis (not sure there are any) can feel the same also.

I just started writing this blog just to relieve my stress level (cannot possibly go around telling family & friends about this sort of things right ?)
I will try to update the blog over my debt restructuring journey. Hope that it can help others in their debt restructuring journey in future also.

https://restartingmylifeblog.wordpress.com

You are not alone
don worry
i think ur dcp soon approved
dun worry..

 

[england234]

i aways try to google on people talk about their debt earlier but hard to find...now this thread so nice people sharing all experiences & helping each otheer so warm to be in same boat..
at least know we not alone..so scary sometimes panic and cannot slp at night..
sigh
we mus learn from our lessons & try to improve after we solved our problems.

i was from RAS past 1 year & i stopped using credit card & switch to debit card..really at first not used to it..
after tat used to it liao lor..& saving every cent to pay my min payment every month
cos my the other half still rolling....(RAS only help 50%)
so start to roll high till every month min payment now aso not enough...tat y i applied dcp..really lucky to get approved...
my credit rating like HH, GG , HH, EE flunctuating around last year.
once my dcp start , even i got credit card i aso dun wan use anymore..scary..lor credit card..so high interest roll till.

 

[england234]

actualy sometimes banks like HSBC..BOC..citi..uob processing time very fast in REJECt people's personal loan usually take few days...

So No news Mean GOOD news sometimes..

wait & see how..
if rely reject, try other alternatives other FI for dcp then dmp eventually.

 

[Carlingford]

Thanks bro..I will attend the CCS info talk & go for Counselling session before making my decision..Anyway I had been rejected by 2 banks for DCP so no point rushing for one now

You are not alone
don worry
i think ur dcp soon approved
dun worry..