Debt consolidation Plan

[goenitz33]

Commercial loans, they will never make it clear why anything is accepted or rejected one haha.

Anyway have a good Friday guys. Darn hot on site now.

yes this is confirmed.



sometimes u expect to get rejected and u get accepted

sometimes u expect to get accepted but rejected.

alot of times it is also dependent on who is approving your loan and such.

just to say criteria is not everything.

 

[Centralcoast]

Just called in still processing.zzz . Waiting for boc n may bank to call

 

[Centralcoast]

yes this is confirmed.



sometimes u expect to get rejected and u get accepted

sometimes u expect to get accepted but rejected.

alot of times it is also dependent on who is approving your loan and such.

just to say criteria is not everything.

Was wondering will there be a case of indefinite processing haha

 

[brokeaf]

same here.. the sales agent after I submitted.. MIA... email and call also no use....

Guess, I have no chance liao.... once BOC rejected, think what is next to try...

Did the agent even call you to confirm your submission and verify the loan amts in your form?

 

[brokeaf]

hmm i submitted my boc dcp application on 22/03, agent called back in the same evening to verify the amounts. just checked today that i have a free cbs report bcos boc has made an enquiry.

checking with the good bros here - is this the typical timeframe for boc?

btw im an EE rating too...NOA 56k debt 67k, works out to a ratio of 1.4x

 

[KKK1978]

Did the agent even call you to confirm your submission and verify the loan amts in your form?

no, no one call me. My agent MIA after that.

I only saw my free reports on 23rd Mar after I submitted on 8 Mar.

So duno if rejected or approved now... Sigh

 

[KKK1978]

no, no one call me. My agent MIA after that.

I only saw my free reports on 23rd Mar after I submitted on 8 Mar.

So duno if rejected or approved now... Sigh

somehow I feel that the check seems like a routine check

 

[melbourne10]

somehow I feel that the check seems like a routine check

The first time I applied, Citi didn't check the online report. The second time I applied, they did.

I think they check your application using the documents you submitted first, then if the initial check is ok and they want to proceed, they enter the system to cross check the report you submitted with the one on the online system.

 

[goenitz33]

Just called in still processing.zzz . Waiting for boc n may bank to call

Was wondering will there be a case of indefinite processing haha

yours is HSBC also right ?

i dont think got bah but at least give them a few working days to process before checking

 

[Louis81]

hmm i submitted my boc dcp application on 22/03, agent called back in the same evening to verify the amounts. just checked today that i have a free cbs report bcos boc has made an enquiry.

checking with the good bros here - is this the typical timeframe for boc?

btw im an EE rating too...NOA 56k debt 67k, works out to a ratio of 1.4x

Sure can approve. Do u have any loan on any credit card? Next wed morning u check those accounts. Sales person will be slower than processing. If got movement in loan accts, u can call sales to inform them tell them i believe my dcp is approved can help to cfm on my total loan amt and monthly instalment.

 

[brokeaf]

Sure can approve. Do u have any loan on any credit card? Next wed morning u check those accounts. Sales person will be slower than processing. If got movement in loan accts, u can call sales to inform them tell them i believe my dcp is approved can help to cfm on my total loan amt and monthly instalment.

yup...got 2...which i checked the early resettlement amounts and added in the declaration form...those would be paid off first? Since interest rates are higher compared to bal trfs..

this thread and u bros/sisters have been super helpful man!

 

[Louis81]

yup...got 2...which i checked the early resettlement amounts and added in the declaration form...those would be paid off first? Since interest rates are higher compared to bal trfs..

this thread and u bros/sisters have been super helpful man!

Dont worry abt the declaration they will take what u declared.
So next wed morning u login online to chk if any movement for these 2 loans if YES means approved.then gv them 1 week to transfer funds to all the banks.
What banks u have loan?

 

[Louis81]

yup...got 2...which i checked the early resettlement amounts and added in the declaration form...those would be paid off first? Since interest rates are higher compared to bal trfs..

this thread and u bros/sisters have been super helpful man!

Once all cc are paid take out all excess

 

[brokeaf]

Dont worry abt the declaration they will take what u declared.
So next wed morning u login online to chk if any movement for these 2 loans if YES means approved.then gv them 1 week to transfer funds to all the banks.
What banks u have loan?

Anz and citi...luckily i have ibanking for citi, will log in next wed morn to see if there's any movement in the accounts.

 

[Centralcoast]

yours is HSBC also right ?

i dont think got bah but at least give them a few working days to process before checking

Yes HSBC. Still waiting, wonder will they contact me if it's approved or I would need to check it myself

 

[multi]

Yes HSBC. Still waiting, wonder will they contact me if it's approved or I would need to check it myself

If you have hsbc ibanking, check if they have created a saving account for you. If yes, then its approved. Your cso will contact you soon pending debit card and credit card by post.

Sent from LGE LG-H990 using GAGT

 

[Centralcoast]

If you have hsbc ibanking, check if they have created a saving account for you. If yes, then its approved. Your cso will contact you soon pending debit card and credit card by post.

Sent from LGE LG-H990 using GAGT

Still processing, tired of waiting. I have call up maybank and submit my docs waiting for me to fill up application form only and it's good to go. 4.7% same rates

 

[goenitz33]

Still processing, tired of waiting. I have call up maybank and submit my docs waiting for me to fill up application form only and it's good to go. 4.7% same rates

when did u submit to HSBC ?

 

[Centralcoast]

when did u submit to HSBC ?

9 March they submitted for processing.

 

[goenitz33]

9 March they submitted for processing.

Wow thats quite long though

but i think next week u should have answer on this already since 2 weeks of processing is over.