Debt consolidation Plan

[Crazy12]

Hi Bros ... did anyone manage to get approval even thou u Tio rejected by other banks before. Meaning maybe UOB rejected u then u reapply other banks, they approve u

 

[Carlingford]

Good luck !

Hi all Bros, I just submitted today for BOC...
Income 80k
Loan 90-100k
Rating DD
Loan tenure 7 years

Hopefully can go thru...... v Kan Cheong

 

[CeSaRiO]

Hi Bros ... did anyone manage to get approval even thou u Tio rejected by other banks before. Meaning maybe UOB rejected u then u reapply other banks, they approve u

I heard there are cases happened like that as heard from my citibank rep

 

[Carlingford]

What does Arrears mean ,?

This is the "homework"... Very similar to the one in the blue form.

Can start to write down your expenses here first, when the time comes, transfer over.

 

[Carlingford]

Need spouse income details ah...Siao liao

This is the "homework"... Very similar to the one in the blue form.

Can start to write down your expenses here first, when the time comes, transfer over.

 

[Izumi8]

Need spouse income details ah...Siao liao

Haha, why? Your wife very high net worth?

 

[Carlingford]

No lah..Will tio kan...Need her payslip ?

Haha, why? Your wife very high net worth?

 

[Carlingford]

If by that stage never get the DMP...Sure die cock stand as all facilities has been cancelled & full payment is required for entire unsecured debts

At the CCS talk they mentioned the process will take 4-6 weeks after consultation, and got a few steps, got QC, got review committee etc... Basically the message is, DMP also not guaranteed will get.

 

[england234]

Mine 2012. Pay finish Liao.. The feeling damn Sian.. Very mth go axs machine pay so many banks so many amt.. But better than go bankrupt ba. Stick to the plan dun get in further debt can Liao.

U finished ur dmp? Congrats
Did u manage to apply credit cards or any problem gettin loan when buying house or any other credit facilities after DMP ?

 

[melbourne10]

If by that stage never get the DMP...Sure die cock stand as all facilities has been cancelled & full payment is required for entire unsecured debts

That is worst case scenario. Fingers crossed a solution can be found before that.

 

[melbourne10]

What does Arrears mean ,?

Eg StarHub bill $80 a month but you didn't pay 3 months le

So u put $80 for the normal fee and $240 under arrears cuz u still owe StarHub that amt

 

[melbourne10]

Need spouse income details ah...Siao liao

Try to say that you keep your finances separate so you have no access to spouse's income

 

[melbourne10]

I heard there are cases happened like that as heard from my citibank rep

I heard of one case, tried 7 years but rejected. Went another bank, put 5 years, approved. This fellow is not in this forum though.

 

[Louis81]

CBS rating GG, Total loan amount is $98k on $70k annual income, Tenor 8 yrs

BOC, u submit payslip or noa?

 

[Ginola81]

U finished ur dmp? Congrats
Did u manage to apply credit cards or any problem gettin loan when buying house or any other credit facilities after DMP ?

Nope nv try.. Dun think will take another cc or loan if necessary. House loan take hdb one.

 

[Louis81]

Anyone know for BOC, income statements they require is payslip or noa

 

[aang1971]

Anyone know for BOC, income statements they require is payslip or noa

payslip n income tax or cpf

 

[Carlingford]

I think will be on record for at least 3 yrs after clearing of DMP

U finished ur dmp? Congrats
Did u manage to apply credit cards or any problem gettin loan when buying house or any other credit facilities after DMP ?

 

[Carlingford]

Wah...Sure bankruptcy case liao if that happens to me

That is worst case scenario. Fingers crossed a solution can be found before that.

 

[Carlingford]

Ok. That is really the case in my situation, although she can help me bear part of the household expenses (etc Children childcare fee & car loan installment)

Try to say that you keep your finances separate so you have no access to spouse's income