Debt consolidation Plan

[endorphin]

Try Citi, BOC, Maybank and UOB. In that order.

i may not try anymore, its too much of a hassle compiling those cc bills. Maybe just pay the minimum sum n try to clear those with lower outstanding.

 

[member8]

Applied hsbc dcp on 18/2, approved only on 27/3. Took more than a month for the approval. First time applied, currently under RAS. Now 1 FI easier to pay, rather than many FIs & different due dates. Havent received anything, only the sms. IBs got put up a new savings account as of today.

Rating BB. EIR around 6% when approved. Applied walk-in at Liat towers branch, he said 7%.
Loan amount + buffer 100k. Take 5 years.

Congratulations mate. I was told that if RAS it is very hard to get it approved. My rating is bad also HH

 

[Lifesotough]

Bro, is your current credit facilities suspended since we got approved on the same day?

Just checked mine , dbs and citi credit facilities all suspended only left with ocbc still usable.

Bro sorry I am overseas this week so never really check. Can we check from ibanking? Or must call up?

 

[Centralcoast]

Bro sorry I am overseas this week so never really check. Can we check from ibanking? Or must call up?

I think u can check on ibanking too.i tried transferring from credit line to other accounts but denied.
Ocbc will show suspended in ibanking. Just saw it

 

[Carlingford]

Can share his contact ??

Bro..for MBB you can try Ms. Nadzirah @ 63919671

 

[Carlingford]

Applied hsbc dcp on 18/2, approved only on 27/3. Took more than a month for the approval. First time applied, currently under RAS. Now 1 FI easier to pay, rather than many FIs & different due dates. Havent received anything, only the sms. IBs got put up a new savings account as of today.

Rating BB. EIR around 6% when approved. Applied walk-in at Liat towers branch, he said 7%.
Loan amount + buffer 100k. Take 5 years.

Congrats bro...wah...1 month+ ah..during that period nobody contacted you on the progress or you had to keep calling up ?

 

[Carlingford]

Try Citi, BOC, Maybank and UOB. In that order.

Probably can consider SCB also

 

[hbgoh82]

Thanks! Long story. At first the person from Liat towers did all the paper work & try to submit everything on the next working day. Then there was prob with citi at first, due to no RAS acc number. Then after a few days he showed not interested at all. No reply from email or sms when submit additional docs. Until one day, he suddenly politely ask extra docs from all 3 local banks RAS acc because he said the finance dept wanted it. Due to they do not statement, had to call in & requested. So 1 by 1 i sent in, each time he thanked me & replied every single sms & email i sent in different days. I think he knows his salary coming in bah. So, after about 1-2 weeks later, he called to say approved with EIR 6%. Not sure until the letter comes, still waiting though.

Congrats bro...wah...1 month+ ah..during that period nobody contacted you on the progress or you had to keep calling up ?

 

[ckjoe03]

Can share his contact ??

PM you KY contact as well...you have 2 now...good luck!!

 

[brokeaf]

Boc officer just called....dcp application approved. Quite fast, overall took about 7-8 days, and disbursements to my credit facilities will be made in the next 7-10 working days.

 

[Centralcoast]

Boc officer just called....dcp application approved. Quite fast, overall took about 7-8 days, and disbursements to my credit facilities will be made in the next 7-10 working days.

Congrats! More approval to come

 

[ckjoe03]

Boc officer just called....dcp application approved. Quite fast, overall took about 7-8 days, and disbursements to my credit facilities will be made in the next 7-10 working days.

Congrats too and let's be more money-savvy from now onwards...

 

[ckjoe03]

Bros,

For those who has MBB DCP approved, how do they handle access/shortfall after disbursements have been done? I heard that i need to call every bank and ask for refund of access.....subsequently pay off the shortfall accts......

Is the understanding correct?

 

[Sea Island]

Is DBS very strict on approving DCP?

 

[goenitz33]

yeah this is stated in the FAQ of DCP.

thus thats why got 5% buffer.

i just saw that HSBC done a check on my CBS today for the DCP applied earlier. No change to rating / points though.

 

[bezz]

I understand from UOB their limit is 18x DTI. The 18x includes the 5% buffer, so if your DTI is 18x still must reduce the DTI to about 16+x in order to get approval.

 

[Carlingford]

Congrats !

Boc officer just called....dcp application approved. Quite fast, overall took about 7-8 days, and disbursements to my credit facilities will be made in the next 7-10 working days.

 

[Carlingford]

No idea .. so far we have yet to see any DBS approved application (could be probably due to low number of applications as the EIR is outrageously high)

Is DBS very strict on approving DCP?

 

[Carlingford]

Glad to see more approvals lately after the initial flurry of rejections

Congrats! More approval to come

 

[Carlingford]

When did you submit your HSBC application ?

yeah this is stated in the FAQ of DCP.

thus thats why got 5% buffer.

i just saw that HSBC done a check on my CBS today for the DCP applied earlier. No change to rating / points though.