Debt consolidation Plan

[johnsonlock]

haha, if im able to achieve that then i'll share the achievement here.

buying a rolex with pure cash!

anyway thanks bro, i hope u can walk out of the shiat hole also. only those here will know what we are going through.

i intend to clear off everything by july, hopefully i can do it then i will start a new, hopefully not to toucb back cc.

wah, july! A few more instalments only
try and start saving money for rainy day/retirement
Happy for you that you're in shallow shiat you're my role model, hopefully in a few years i'll get out of this deep shiat hole too

 

[Iwanttobehappy]

Maybank rejected my DCP application, no reason given. I am waiting for HSBC but the Rep never answers my calls. My Report rating is ZH FYI mates.

My rep from dbs too .. left msg and email never reply .. call call ctr straight better ..

 

[Louis81]

My rep from dbs too .. left msg and email never reply .. call call ctr straight better ..

If yr rep can be contacted scold him or her

 

[deadlockb]

For yr outstanding is there any credit card with loan installment not under citibank?
Just wondering because if citibank pay for example dbs the loan installment this shld be early redemption and u could get back some cash.

yes..but for installment loan ,DCP bank will ask us to provide the outstanding principle amount of installment plan( i.e.without interest). They will only pay outstanding principle+ 5% additional amount to cover interest+ cancellation fee etc.

 

[deadlockb]

no lah, as of now i still in this shiat mah.

once haven't clear means still in this shiat hole.

during your period with DMP, did u ever applied for any Housing loan or car loan etc. with a Bank ? if so,Whats the outcome?

im just trying to understand, after taking DCP , will it impact any secured loans like fresh Housing loan etc. ?

 

[Louis81]

yes..but for installment loan ,DCP bank will ask us to provide the outstanding principle amount of installment plan( i.e.without interest). They will only pay outstanding principle+ 5% additional amount to cover interest+ cancellation fee etc.

This apply to all banks?

 

[minnychan17]

anybody receive boc dcp mailer in their mailbox? i see like not bad leh their EIR is actually one of the lower ones plus they allow you to apply for their family card which earns up to 9% cash rebates. somemore still got up to $4200 worth of vouchers leh.

 

[deadlockb]

This apply to all banks?

dont know. but ,usually for unbilled installment we dont need to pay interest.Just pay cancellation fee + unbilled principle amount.

 

[Louis81]

dont know. but ,usually for unbilled installment we dont need to pay interest.Just pay cancellation fee + unbilled principle amount.

Citibank so slow in sending the application form damn inefficient

 

[lodestone]

hi i am new here.create this account to ask some question.

i applied for dcp plan from hsbc and was rejected.just recieved the rejection letter.

like to ask here is... should i go straight to ccs and apply for their dmp plan or tried other banks here?

i read through all the comments here and seems like citi bank quite relax on our cc rating?or i am wrong?

i got bad rating.... the worst one of all the rating.i think this is the reason hsbc rejected me.other then that, i passed all their requirement.

anyway... anyone here got bad bad super bad rating and still manage to pass the dmp from ccs???

time is wasted for me waiting for hsbc dcp plan and i dont wish to waste any more time on dcp if all the bank use the same cc rating rules to judge.

lastly... i got own around 3k from money lender.if i apply for ccs, can i still pass?i can settle this sum of money myself just that if ccs ask me if i own any money from money lender... should i tell them honestly?if i did, will they reject my application???

need help badly and really badly... cos my one leg already inside the bankcrupt coffin...

 

[england234]

My application through hsbc is successful...7years...they will count wat u owe + 5% interest + their EIR interest....

Took about 3 weeks from the date the staff submit for me.these 3 weeks also scare & panic .Because the staff at first tell me take 5 Working days but due to overwhelming respond lar so took longer..think they also perform thorough check...on latest amt u owe...etc.. tally and match lor.

I every 3 days call up the staff ask status lor..

Bei Tahan Lar

I wana lower my payment every month lar as now paying too much , no money left to eat liao.

Actually ABS very good come out with this plan to help people ..i think government also dun wan too many people to bankrupt worst...SG debt high lor..

This is better than RAS as RAS only covers 50% only. the other 50% still high interest & keep rolling till bang wall. That's what happened lor.

if you fulfil the criteria & follow & give the documents accordingly should be able to get approved..like u working in a stable job income coming in & then u exceed 12 months etc as per their requirements listed lor.

But.// my advise is better give the accurate amount u owe as latest as possible , arbo the rest you must Taaaa Lor. now my plan approved they say will take 6 working days to process to pay all banks wor.. & then i must go & get refund from banks if I have overpay them during the transition lor.

My credit rating is EE by the way.

 

[Sylvest Chew]

My application through hsbc is successful...7years...they will count wat u owe + 5% interest + their EIR interest....

Took about 3 weeks from the date the staff submit for me.these 3 weeks also scare & panic .Because the staff at first tell me take 5 Working days but due to overwhelming respond lar so took longer..think they also perform thorough check...on latest amt u owe...etc.. tally and match lor.

I every 3 days call up the staff ask status lor..

Bei Tahan Lar

I wana lower my payment every month lar as now paying too much , no money left to eat liao.

Actually ABS very good come out with this plan to help people ..i think government also dun wan too many people to bankrupt worst...SG debt high lor..

This is better than RAS as RAS only covers 50% only. the other 50% still high interest & keep rolling till bang wall. That's what happened lor.

if you fulfil the criteria & follow & give the documents accordingly should be able to get approved..like u working in a stable job income coming in & then u exceed 12 months etc as per their requirements listed lor.

But.// my advise is better give the accurate amount u owe as latest as possible , arbo the rest you must Taaaa Lor. now my plan approved they say will take 6 working days to process to pay all banks wor.. & then i must go & get refund from banks if I have overpay them during the transition lor.

My credit rating is EE by the way.

I tried applying from HSBC via online. However, after submitting all the required documents, no confirmation email receive, or no rep contact me. So I went ahead to apply from BOC. BOC rep is quite pro active. They responded within a day and promised to come back within 5-7 working days. Now I'm worried if BOC approved my DCP then HSBC on the other hand also approved it, then I will be stuck.

Anyone can recommend what should i do? Call up hsbc to cancel? or pend for BOC to respond first? FYI My credit rating is EE too.

 

[Louis81]

My application through hsbc is successful...7years...they will count wat u owe + 5% interest + their EIR interest....

Took about 3 weeks from the date the staff submit for me.these 3 weeks also scare & panic .Because the staff at first tell me take 5 Working days but due to overwhelming respond lar so took longer..think they also perform thorough check...on latest amt u owe...etc.. tally and match lor.

I every 3 days call up the staff ask status lor..

Bei Tahan Lar

I wana lower my payment every month lar as now paying too much , no money left to eat liao.

Actually ABS very good come out with this plan to help people ..i think government also dun wan too many people to bankrupt worst...SG debt high lor..

This is better than RAS as RAS only covers 50% only. the other 50% still high interest & keep rolling till bang wall. That's what happened lor.

if you fulfil the criteria & follow & give the documents accordingly should be able to get approved..like u working in a stable job income coming in & then u exceed 12 months etc as per their requirements listed lor.

But.// my advise is better give the accurate amount u owe as latest as possible , arbo the rest you must Taaaa Lor. now my plan approved they say will take 6 working days to process to pay all banks wor.. & then i must go & get refund from banks if I have overpay them during the transition lor.

My credit rating is EE by the way.

Income and loan amt?

 

[england234]

I tried applying from HSBC via online. However, after submitting all the required documents, no confirmation email receive, or no rep contact me. So I went ahead to apply from BOC. BOC rep is quite pro active. They responded within a day and promised to come back within 5-7 working days. Now I'm worried if BOC approved my DCP then HSBC on the other hand also approved it, then I will be stuck.

Anyone can recommend what should i do? Call up hsbc to cancel? or pend for BOC to respond first? FYI My credit rating is EE too.

You oni can apply to 1 Financial institution ..canoot apply so many at a time ...
must follow wat ABS rules says...
need to have patience...although u ARE VERY Gan jiong liao...
still mus lan lan wait n wait. ...u can call up hsbc to check status lor..
have they arange courier go your house to collect doc aready or not ?
HSBC arrange with me twice..one time collect all bank statement and supporting doc from me plus application form....then the staff reviewed & check & call me next day then arrange courier again for me to sign on every page & pick up unclear doc tat i photocopy again lor. then nex day the staff call & confirm everyting tell u loan amount n payment to pay every month & read out term n condition (this part i think i everything ok ok ok ok for half hour i think ) ..

anyway the staff got say i can intro to people my friends or relatives who wana apply from her..

i tink they got comision one lor..song song
so much money we loan....

 

[england234]

Income and loan amt?

100k + + so each mth abt 1.6k i think..
dono leh need wait letter ..
dono how long they took to pay off all banks.
but i am happy at least approved liao..
put down big stone..
i realy thank ABS for helping sia..coming out this thing..
actualy arbo i wan go to dmp liao lor...dmp interest is lower than dcp...think dmp abt from 3% ???? not too sure..heard frens say de....
dmp not bad aso la jus tat dcp beter oni pay to 1 bank

 

[Carlingford]

My application through hsbc is successful...7years...they will count wat u owe + 5% interest + their EIR interest....

Took about 3 weeks from the date the staff submit for me.these 3 weeks also scare & panic .Because the staff at first tell me take 5 Working days but due to overwhelming respond lar so took longer..think they also perform thorough check...on latest amt u owe...etc.. tally and match lor.

I every 3 days call up the staff ask status lor..

Bei Tahan Lar

I wana lower my payment every month lar as now paying too much , no money left to eat liao.

Actually ABS very good come out with this plan to help people ..i think government also dun wan too many people to bankrupt worst...SG debt high lor..

This is better than RAS as RAS only covers 50% only. the other 50% still high interest & keep rolling till bang wall. That's what happened lor.

if you fulfil the criteria & follow & give the documents accordingly should be able to get approved..like u working in a stable job income coming in & then u exceed 12 months etc as per their requirements listed lor.

But.// my advise is better give the accurate amount u owe as latest as possible , arbo the rest you must Taaaa Lor. now my plan approved they say will take 6 working days to process to pay all banks wor.. & then i must go & get refund from banks if I have overpay them during the transition lor.

My credit rating is EE by the way.

Congrats !
I am now damn kan cheong (got rejected by BOC earlier, now waiting for application results from SCB)....fingers crossed.

 

[Sylvest Chew]

You oni can apply to 1 Financial institution ..canoot apply so many at a time ...
must follow wat ABS rules says...
need to have patience...although u ARE VERY Gan jiong liao...
still mus lan lan wait n wait. ...u can call up hsbc to check status lor..
have they arange courier go your house to collect doc aready or not ?
HSBC arrange with me twice..one time collect all bank statement and supporting doc from me plus application form....then the staff reviewed & check & call me next day then arrange courier again for me to sign on every page & pick up unclear doc tat i photocopy again lor. then nex day the staff call & confirm everyting tell u loan amount n payment to pay every month & read out term n condition (this part i think i everything ok ok ok ok for half hour i think ) ..

anyway the staff got say i can intro to people my friends or relatives who wana apply from her..

i tink they got comision one lor..song song
so much money we loan....

I applied via HSBC website and uploaded all documents. Hopefully the staff will still contact me and confirm the loan amount and read out all the t&c before approving it.

 

[england234]

Congrats !
I am now damn kan cheong (got rejected by BOC earlier, now waiting for application results from SCB)....fingers crossed.

yea actaly the waiting situation damn sianz one..canot slep canot eat..keep thinking...if need to apply which bank next..
and the documents mus all keep again for submission all over again..
sibei sianz one..

good luck to you Brother !

Hope u get it....

y u never aply citi ? i thought citi not bad & SCB interest quite high leh ?

 

[melbourne10]

I'm going to cover all bases. Going to attend CCS talk. If my current app fail, apply SCB and book appt with counsellor also.

Previously didn't think much. After last few weeks, realized that better do sth about this before it gets worse.

 

[england234]

I applied via HSBC website and uploaded all documents. Hopefully the staff will still contact me and confirm the loan amount and read out all the t&c before approving it.

u never give original ?? they courier collect all my original bank statements...
the courier guy oni take 1 small envelope end up folding like kiam cai..my stack of doc.