Debt consolidation Plan

[member8]

Cannot say that. I called everyday before I finally decided to screw the HSBC app and try citi. They never got back to me.

Bro please try to get a new report and see if there is any new account created under "Previous inquiries" from there you know if there is any submission or you have to look for another Bank.
All the best.

 

[melbourne10]

Chill guys we need to support each other through this, hope all will have a favorable approval soon!

 

[melbourne10]

Bro please try to get a new report and see if there is any new account created under "Previous inquiries" from there you know if there is any submission or you have to look for another Bank.
All the best.

Bro my Citi DCP approved liao. The new accounts have been created as of this evening.

 

[Crazy12]

Congrats bro !!'

 

[multi]

Bro my Citi DCP approved liao. The new accounts have been created as of this evening.

Congratulations!!!

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[Centralcoast]

Who is not serious bro please tell me!
We are all sharing our sorrows here and we want to settle those things ASAP!
I have called HSBC several times and they always refer me to the CSO.
As per my report they have just submitted my application.

Well bro, chilled la, you try calling their loans department and ask for application status, they will check for u and not kick u around. 64994855

 

[member8]

Bro my Citi DCP approved liao. The new accounts have been created as of this evening.

So happy for you bro! Congrats. Do share your secrets please!
Amount approved
Rating
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[member8]

Well bro, chilled la, you try calling their loans department and ask for application status, they will check for u and not kick u around. 64994855

LOL I am bro thanks
I promise to call them tomorrow and get back to you!
Do take care please

 

[Centralcoast]

Who is not serious bro please tell me!
We are all sharing our sorrows here and we want to settle those things ASAP!
I have called HSBC several times and they always refer me to the CSO.
As per my report they have just submitted my application.

They should have submitted your application earlier but only reached the final stage as of today. Might be getting an outcome within a few days. At least that's what I was told by my sales agent

 

[member8]

They should have submitted your application earlier but only reached the final stage as of today. Might be getting an outcome within a few days. At least that's what I was told by my sales agent

I really hope so bro! I'll keep you updated.

 

[delceer]

Ironic that the approvals mostly from foreign banks.

Depend on the bank risk appetite. Some people may play punk and don't pay anything then force bank enforce bankruptcy.

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[melbourne10]

So happy for you bro! Congrats. Do share your secrets please!
Amount approved
Rating
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FF, 5 years, 1.12 debt to income ratio.

I think amount doesn't matter. The DTI ratio more impt.

> 18 months confirm reject. Lower end of > 12 months < 18 months got chance.

If DD and below pls choose 5 years tenor, better.

 

[Crazy12]

I think the approval rate ll go up.... as Long as we can capture what's the factor that each bank is considering. So happy to see many Bros are getting approval

 

[Centralcoast]

FF, 5 years, 1.12 debt to income ratio.

I think amount doesn't matter. The DTI ratio more impt.

> 18 months confirm reject. Lower end of > 12 months < 18 months got chance.

If DD and below pls choose 5 years tenor, better.

I think it's banks secret on approving applications unless you have any relatives or friends working in the bank. There was one with AA rating also decline his application.

Maybe they have quota also some will pass some will fail. They can't simply approved all eligible applications I guess

 

[goenitz33]

FF, 5 years, 1.12 debt to income ratio.

I think amount doesn't matter. The DTI ratio more impt.

> 18 months confirm reject. Lower end of > 12 months < 18 months got chance.

If DD and below pls choose 5 years tenor, better.

i spoke to HSBC on this who is handling apps, they say, DTI is taken into consideration but not confirm > 18 mths reject. (but some banks like Citi is >16 mths reject le)

it is all about what other commitments u have and your payment record with the individual banks also, income stability.

all these play a factor.

different risk appetite, different way of income calculation. alot of things we wont know and not only that they change all the time, so i reckon just apply and talk later lol.

 

[melbourne10]

i spoke to HSBC on this who is handling apps, they say, DTI is taken into consideration but not confirm > 18 mths reject. (but some banks like Citi is >16 mths reject le)

it is all about what other commitments u have and your payment record with the individual banks also, income stability.

all these play a factor.

different risk appetite, different way of income calculation. alot of things we wont know and not only that they change all the time, so i reckon just apply and talk later lol.

Ok la, my past 12 months A, I have no other loans other than CC/OD accounts, been in the same job for > 5 years, and I have a good record with Citi, never delay any payment before.

 

[Centralcoast]

Ok la, my past 12 months A, I have no other loans other than CC/OD accounts, been in the same job for > 5 years, and I have a good record with Citi, never delay any payment before.

Any agent to recommend? Proactive and can get application outcome fast?

 

[melbourne10]

Any agent to recommend? Proactive and can get application outcome fast?

They don't take direct call, I asked before. Call the main line can alrdy. The whole team seems alright.

 

[member8]

FF, 5 years, 1.12 debt to income ratio.

I think amount doesn't matter. The DTI ratio more impt.

> 18 months confirm reject. Lower end of > 12 months < 18 months got chance.

If DD and below pls choose 5 years tenor, better.

My Rating is HZ now,
My Basic Salary: 39800 + 6000 Bonus per year
My debt without buffer is 65K
Please calculate my ratio bros and advise if I am eligible!
Thanks in advance.

 

[melbourne10]

Need to see your IRAS NOA amount for 2016

Divide your debt (with 5% buffer) by the NOA amount

If > 1.1 then ok