Debt consolidation Plan

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endorphin

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Twilightzone said:
Actually, have you all see your CBS report and come across your cc bank did a "review" in your account recently?

I saw DBS had a review into my record before I applied DCP from Citibank and Maybank.
I have received a brochure on DCP from DBS also. So feeling hopeless, I just decide to try with DBS and I gotten it.
Not sure if the "Review" sort of like being chosen liao.
Click to expand...

i saw ocbc did my ** enquiry under new application, unsecured overdraft. i do hve their easicredit account.
 
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melbourne10

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endorphin said:
no lah.. i doubt other banks will approve as my debts do not exceed my 12x income, needless to say my noa. but i really wonder y hasn't ocbc rejected my application yet.
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Do you have any accounts with enough balance to do a installment loan or balance transfer?

I got a small loan that was enough to push me over the 12x. But you have to wait a month for it to show up on the internal CBS records.

Consumers only have information from 2 months behind, ie in April you can see the Feb balance. Banks get it faster. In mid April they can see the March balance after the system is refreshed. So if you get the loan now they will be able to see it on your record after mid May.
 
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Centralcoast

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melbourne10 said:
Do you have any accounts with enough balance to do a installment loan or balance transfer?

I got a small loan that was enough to push me over the 12x. But you have to wait a month for it to show up on the internal CBS records.

Consumers only have information from 2 months behind, ie in April you can see the Feb balance. Banks get it faster. In mid April they can see the March balance after the system is refreshed. So if you get the loan now they will be able to see it on your record after mid May.
Click to expand...

She don't have to wait for a month, she can submit the confirmation letter of the loan or balance transfer once she got it.

My cbs show total amount unsecure is much lesser than my NOA becos I took 3 loans/BT just recently in mid Feb.i just submit the letter they send to me.
 
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endorphin

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melbourne10 said:
Do you have any accounts with enough balance to do a installment loan or balance transfer?

I got a small loan that was enough to push me over the 12x. But you have to wait a month for it to show up on the internal CBS records.

Consumers only have information from 2 months behind, ie in April you can see the Feb balance. Banks get it faster. In mid April they can see the March balance after the system is refreshed. So if you get the loan now they will be able to see it on your record after mid May.
Click to expand...

with hz rating, no banks will want to approve my applications. Somemore i don't want to make my problems even bigger.
 
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Twilightzone

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endorphin said:
with hz rating, no banks will want to approve my applications. Somemore i don't want to make my problems even bigger.
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Try calling the banks else check if can work out payment plan with each bank.

Rating already HZ. How worse can it get right? Besides if you have no more intention to touch CC, this may be the last resort?

Long time ago, I contemplated to just go for payment plan with the bank (ie: suspend / close account and work out payment plan and have my rating affected)
But when I received the form, ego got into me and I chicken out.
 
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KKK1978

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Twilightzone said:
Try calling the banks else check if can work out payment plan with each bank.

Rating already HZ. How worse can it get right? Besides if you have no more intention to touch CC, this may be the last resort?

Long time ago, I contemplated to just go for payment plan with the bank (ie: suspend / close account and work out payment plan and have my rating affected)
But when I received the form, ego got into me and I chicken out.
Click to expand...

I am also on HZ. Failed 3x already.. starting to lose all hopes
 
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melbourne10

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Centralcoast said:
She don't have to wait for a month, she can submit the confirmation letter of the loan or balance transfer once she got it.

My cbs show total amount unsecure is much lesser than my NOA becos I took 3 loans/BT just recently in mid Feb.i just submit the letter they send to me.
Click to expand...

Depends on bank. Anyway she explained Liao she doesn't want to take.

Can consider CCS now.
 
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