Debt consolidation Plan

[melbourne10]

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)

CCS might invite your spouse for discussion if they deem that she can help. To avoid complication, just say ur expenses are separate, except a monthly contribution to joint account for household and children.

 

[Louis81]

payslip n income tax or cpf

Did they disburse according to statement? If yes for those loan instalment it will be early closure w fees and u shld get back some money?

 

[Carlingford]

CCS might invite your spouse for discussion if they deem that she can help. To avoid complication, just say ur expenses are separate, except a monthly contribution to joint account for household and children.

Thanks bro...I think I will use this reason..but will they want a copy of the Joint Account Statement ? The fact is we don't have a Joint Account.

 

[Carlingford]

Anyone tried applying for DCP through OCBC ? Just happened to browse through their DCP page...no tenor selection allowed, only 8 years...strange sia..

 

[Carlingford]

BOC, u submit payslip or noa?

I submitted latest 3 months payslip, YA 2016 NOA & past 12 months CPF contribution.

 

[CeSaRiO]

Anyone tried applying for DCP through OCBC ? Just happened to browse through their DCP page...no tenor selection allowed, only 8 years...strange sia..

Can try bro. You've got any outstanding application at the moment?

 

[Carlingford]

Can try bro. You've got any outstanding application at the moment?

Nope. Didn't apply for any DCP since the rejection from SCB 2 days back..will think about it first as each failed application deduct points off my CBS score, cannot anyhow randomly whack.

 

[CeSaRiO]

Nope. Didn't apply for any DCP since the rejection from SCB 2 days back..will think about it first as each failed application deduct points off my CBS score, cannot anyhow randomly whack.

Bro, just give this a shot, as long as your application is one at a time.

We've got your back dude!

 

[england234]

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

Hdb loan is it affected ? As they aso c ** report...i heard some ppl after 3 yrs (** 3yrs for clean record)stil hard to get loan either fm hdb n banks as DMP is stated as a separate category on ** report...so wonder why after 3 years stil reflected ?? If not y banks n hdb dun lend...so wana find out more from those if any manage to gt any loan fm hdb or banks after their dmp..

 

[CeSaRiO]

Hdb loan is it affected ? As they aso c ** report...i heard some ppl after 3 yrs (** 3yrs for clean record)stil hard to get loan either fm hdb n banks as DMP is stated as a separate category on ** report...so wonder why after 3 years stil reflected ?? If not y banks n hdb dun lend...so wana find out more from those if any manage to gt any loan fm hdb or banks after their dmp..

I'm pretty peculiar as well since taking home loan is considered as a 'Secured Lending''...

 

[melbourne10]

Anyone tried applying for DCP through OCBC ? Just happened to browse through their DCP page...no tenor selection allowed, only 8 years...strange sia..

I will not go near a bank with a ** in its name

 

[melbourne10]

Anyone tried applying for DCP through OCBC ? Just happened to browse through their DCP page...no tenor selection allowed, only 8 years...strange sia..

Long tenor need excellent rating... The 8 years already disqualified DD and below I believe

 

[Carlingford]

That could well be true...That's why I'm having some reservations about it..OCBC is quite well known for low risk appetite, alongside UOB

Long tenor need excellent rating... The 8 years already disqualified DD and below I believe

 

[Carlingford]

Not too sure about secured borrowings (cars, house)..For unsecured borrowings it is confirmed out of the question (not that I will dare to touch it ever again) as DMP leaves a permanent mark on your CBS report.

I'm pretty peculiar as well since taking home loan is considered as a 'Secured Lending''...

 

[ORELLE]

I will not go near a bank with a ** in its name

yes, agree that u avoid this bank. Go browse its CC section, and u will see how their bank operates.

 

[aang1971]

Did they disburse according to statement? If yes for those loan instalment it will be early closure w fees and u shld get back some money?

yeap, according to statement +5% buffer

 

[Carlingford]

Thanks a lot ! I think I will give it a miss then

yes, agree that u avoid this bank. Go browse its CC section, and u will see how their bank operates.

 

[melbourne10]

Thanks a lot ! I think I will give it a miss then

From day 1 I never considered oCBc...

 

[Carlingford]

not really leh. its more for paperworks purposes and they never really force you to prove how much u got to pay for toilet papers every month.

its just a generic usage per mth for groceries which u can't really prove also.

that's what i feel lah as i went through it. and from first appointment to approval takes around 2 months.

anyway just sharing only.

i thought dmp also same, few yrs down the road all payments will be cleared and payment per mth also less than all minimum combined.

thats why im curious why all rather keep trying for dcp than go approach ccs.

Bro...back then you really tell the CSS counselor that you do not want your wife to know about your debt problem ? I also don't want to let my wife know about the problem leh but I saw that the form (at least the white form) have a column for Spouse's income details.

 

[melbourne10]

Bro...back then you really tell the CSS counselor that you do not want your wife to know about your debt problem ? I also don't want to let my wife know about the problem leh but I saw that the form (at least the white form) have a column for Spouse's income details.

Later I take photo of the relevant page in the blue form and show u

The other pages I can't upload though