Debt consolidation Plan

[nitequeenangel]

Can advise your rating, NOA amount and total outstanding?

My rating quite bad. HX. Err I'm sorry but what is NOA? Total outstanding around 37k?

 

[nitequeenangel]

Posting some info on your status might help

Errr like what kind of info?

 

[melbourne10]

My rating quite bad. HX. Err I'm sorry but what is NOA? Total outstanding around 37k?

"HX Public Record (with or without inquiry / with or without trade)
This means there could be a past and/or existing writ of summons/bankruptcy record filed against you"

NOA is the full amount earned in 2016 as reflected in your income tax.

 

[Twilightzone]

EIR is what u will actually pay.

of course ppl talk about EIR

Huh!!! DBS said no.
Is the AIR leh

But then never mind lah. Approved already so just pay.

 

[goenitz33]

Errr like what kind of info?

CBS rating
NOA
total debts

 

[melbourne10]

Huh!!! DBS said no.
Is the AIR leh

But then never mind lah. Approved already so just pay.

So what's the current interest for your DBS one?

 

[nitequeenangel]

"HX Public Record (with or without inquiry / with or without trade)
This means there could be a past and/or existing writ of summons/bankruptcy record filed against you"

NOA is the full amount earned in 2016 as reflected in your income tax.

I think my NOA was 35k.

I mean I know what HX stands for. And thanks to CIMB for this. The lady very toot. Said one thing on the phone while I'm negotiating with her for my cc but she did another thing and said a different story the next time we talked on the phone. Was very upset with her at that point of time. But what to do since I'm the one in debt right. Hee.

But only the NOA I didn't quite get it. Heh. But thanks for the info.

 

[melbourne10]

Can try your luck with the foreign banks. No harm.

Local banks don't bother, especially OCBC.

Might be a good idea to consider CCS debt counseling also.

 

[nuah2002]

I got very unexpected good news just! 6pm.

After getting rejected by Maybank, CIMB and Citi.. surprisingly HSBC accepted my application..

Big sigh of relief.. actually already gave up hope... but got a lucky break.

Waiting for everything to get cleared..

Good luck to all those with pending applications!

 

[melbourne10]

I got very unexpected good news just! 6pm.

After getting rejected by Maybank, CIMB.. surprisingly HSBC accepted by application..

Big sigh of relief.. actually already gave up hope... but got a lucky break.

Waiting for everything to get cleared..

Good luck to all those with pending applications!

Oh wow! Haha. Congrats man.

 

[nitequeenangel]

CBS rating
NOA
total debts

Hehe. Sorry my bad.

Credit rating is HX. NOA if I'm not mistaken around 35k. As for total debts around 37k.

 

[goenitz33]

Huh!!! DBS said no.
Is the AIR leh

But then never mind lah. Approved already so just pay.

https://www.valuepenguin.sg/calculating-effective-interest-rate-vs-annual-interest-rate

above is a good read.

 

[melbourne10]

Hehe. Sorry my bad.

Credit rating is HX. NOA if I'm not mistaken around 35k. As for total debts around 37k.

So if I'm not wrong you will be waiting for BOC and Maybank to get back to you? DBS and UOB can forget it, the local banks have very low risk appetite.

You can consider trying Citi if you don't mind filling in another application. You can use back the same docs anyway.

 

[nitequeenangel]

I got very unexpected good news just! 6pm.

After getting rejected by Maybank, CIMB and Citi.. surprisingly HSBC accepted my application..

Big sigh of relief.. actually already gave up hope... but got a lucky break.

Waiting for everything to get cleared..

Good luck to all those with pending applications!

Congrats ! By the way, may I ask how many years you took the loan under HSBC?

 

[Twilightzone]

So what's the current interest for your DBS one?

Offered 12.99% throughout the 6 years

 

[melbourne10]

https://www.valuepenguin.sg/calculating-effective-interest-rate-vs-annual-interest-rate

above is a good read.

Something to note, AIR usually stands for Annual Interest Rate but for BOC, they put AIR as Applied Interest Rate... Dunno if there's a diff. But BOC's AIR is similar to EIR set by other banks. Hmm.

 

[melbourne10]

Offered 12.99% throughout the 6 years

That's lower than one of the dudes here who is close to 20%.

 

[melbourne10]

I got very unexpected good news just! 6pm.

After getting rejected by Maybank, CIMB and Citi.. surprisingly HSBC accepted my application..

Big sigh of relief.. actually already gave up hope... but got a lucky break.

Waiting for everything to get cleared..

Good luck to all those with pending applications!

Hahaha I think they shredded my application alrdy. I applied and got from Citi while waiting for the MIA agent from HSBC to get back to me... Too bad for her, no commission.

 

[heirenyagao]

Unfortunately my HSBC also declined.

Next step for me is to totally pay off my Citibank suspended card, which will bring me down to below the 12x limit and then slowly pay off from there with help from my girlfriend.

 

[nitequeenangel]

So if I'm not wrong you will be waiting for BOC and Maybank to get back to you? DBS and UOB can forget it, the local banks have very low risk appetite.

You can consider trying Citi if you don't mind filling in another application. You can use back the same docs anyway.

For now, I'm waiting for DBS, BOC & Maybank to get back to me. I'm waiting for Citibank to call me so that I can get the application form from them.