Debt consolidation Plan

[pororokia]

Wahh din realize this thread generate reply so fast. Seems like a lot of people are getting into debt trap.

yah scary sia.

anyway if u attend before ccs talk, almost all their sessions is full one, so roughly can gauge in fact there's alot more in debt.


anyway just managed to finish reading all the pages.

 

[pororokia]

Indeed....Learnt my lesson the hard way..No more CC in future even after the DCP record is gone from CBS

hope u receive good news soon.

at least now got this thread, those in similar situations still can come together and encourage each other.

last time where got such thing, own problem no one knows.

 

[Louis81]

hope u receive good news soon.

at least now got this thread, those in similar situations still can come together and encourage each other.

last time where got such thing, own problem no one knows.

Last time got got no internet got no credit cards, this loan that loan.

 

[Louis81]

Sure...Really hope that I will have a positive outcome this time around

What was yr first bank that reject u again and loan n income n rating?

 

[Louis81]

The sales agent at SCB just told me that she will submit my DCP application for processing today. Processing time will take 7 to 14 working days..Hope I can get it this time around..Fingers crossed

At the 7 day call and asked the bank if no then 8 day agent sometimes slow

 

[pororokia]

actually whats the main difference between dcp and dmp?

base case, once under dcp or dmp will be difficult to get future loans already right.

unless buying house through hdb loan then impact won't be that big.

 

[Louis81]

actually whats the main difference between dcp and dmp?

base case, once under dcp or dmp will be difficult to get future loans already right.

unless buying house through hdb loan then impact won't be that big.

For your dmp, they use basic or gross pay wo cpf. Is there a revised loan payment period? or continue to pay the reduced interest unsecured loan n credit

 

[Louis81]

If anyone got any update from DBS do share

 

[pororokia]

For your dmp, they use basic or gross pay wo cpf. Is there a revised loan payment period? or continue to pay the reduced interest unsecured loan n credit

i dont remember they use gross pay cos they need to see your take home pay to do debt restructure, unless i rem wrongly.

but its a one time thing, once the dmp approved, along the way if your pay increases they also wont ask you to pay more.

just pay according to the dmp payment arranged but if you wanna pay more per month also okay.

 

[Iwanttobehappy]

So what was yr experience w dbs

I think their call ctr staff v friendly.. experience is nice but m waiting for the news .. take some time

 

[delceer]

cc can really be dangerous if we do not know how to use it.

So many cash back. Better than cash without any discount for buying the same thing.

Sent from Samsung Note 7 using GAGT

 

[Carlingford]

What was yr first bank that reject u again and loan n income n rating?

BOC. Income @ 70K per annum, Loan @ 99K (before 5% buffer), CBS rating GG

 

[Carlingford]

At the 7 day call and asked the bank if no then 8 day agent sometimes slow

Since I submitted yesterday, I would wait until next Fri before I start to query on the outcome of my application

 

[AcquiT]

Beside NOA 12 month prorate overall

Maybe they see what other loans % u have to pay monthly beside CC etc? Like car etc

Mayb these debt ceiling ratio also factor in

 

[Louis81]

BOC. Income @ 70K per annum, Loan @ 99K (before 5% buffer), CBS rating GG

Are they fast in processing

 

[Louis81]

BOC. Income @ 70K per annum, Loan @ 99K (before 5% buffer), CBS rating GG

The sales person never say what was the reason?

 

[Louis81]

Still waiting for citi to call me:-(

 

[Louis81]

BOC. Income @ 70K per annum, Loan @ 99K (before 5% buffer), CBS rating GG

BoC need what income document

 

[Carlingford]

Quite fast..I applied on a Tues & got to know of my rejection on the following Mon

Are they fast in processing

 

[Carlingford]

The sales agent never contact me until today & neither have I receive the rejection letter. I got to know of my results through my call to the call centre..Otherwise now I still gong gong waiting for result

The sales person never say what was the reason?