Debt consolidation Plan
- Thread starter deadlockb
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Ya drs is a better choice IMO. Pay a few years and faster become free again. No point paying 8 to 10years n halfway u lose the job n still go into bankruptcy. As age catch up, job also might become unstable, no motivation n marriage is another things to consider, get pawn also might go to jail.
Yes you will only be left with 1 credit card, not of your choice tho. Depends which bank you get your DCP from. Each bank will have its own credit card that they select for DCP. And yes 1x your monthly salary.
IMO the best credit card is Maybank DCP lol.
IMO the best credit card is Maybank DCP lol.
Why the best credit card is maybank?
Oh because for the cards that you’d be getting when on DCP, their rebates are one of the best, and you get to choose between 2 credit cards based on what you usually spend on.
But still, best is to just cut it and never ouch that evil piece of plastic crap.
But still, best is to just cut it and never ouch that evil piece of plastic crap.
Haven’t see a successful DBS DCP approval here yet.
Take note that it’s “FROM 4.58%”. Doesn’t necessarily mean you’re going to get the 4.58%.. can be higher, much higher if they find you a high risk.
Take note that it’s “FROM 4.58%”. Doesn’t necessarily mean you’re going to get the 4.58%.. can be higher, much higher if they find you a high risk.
Like how the other bro explained.. i just want to get it over and done with asap. Im currently on 5 years with citi. I foresee i need to do some serious savings starting this year for marriage and also because both my parents are retired and im taking care of them. Im currently paying $800 over per month. With drs, i can bring it down to 400 to 500 the least.
Was advice by stand chart CSO that the CBS rating must not be HH as they will instantly reject the application.
So she advice to clear at least the min sum for 2 straight months then print the cbs after 17th of the month and apply the DCP.
So she advice to clear at least the min sum for 2 straight months then print the cbs after 17th of the month and apply the DCP.
Hey there, saw your posts.
There are plenty of members here who approved with HH. If you look back at the 8000+++ posts, you’ll find that majority of us here have bad credit records. Some good ones at AA or BB also get rejected.
Rating is not only due to not paying the Min sum more than 30 days. There are a lot of other reasons that contribute to your rating such as:
High credit exposure - example: your unsecured credit limit across all banks is 50k, and your total unsecured outstanding is 48k. Close to the max of the total credit limit. Another reason that contributes to this would be snowballing your credit every month and not paying in full.
Too many enquiries - example: applying too many unsecured credit facilities at one time would make banks see that you’re credit hungry. Also contributes to your rating and risk
Delinquency presence - example: making late payments past 30 days due, or having a voluntary or involuntary closure of your account. Also if you have default. Instantly you will Be HX.
Feel free to PM if you need more advice on DCP. I got approved with SCB with an FF. Yes you’re right that SCB won’t accept HH, as they will only accept FF and above. GG is very hard. However, there are other banks that accept HH.
There are plenty of members here who approved with HH. If you look back at the 8000+++ posts, you’ll find that majority of us here have bad credit records. Some good ones at AA or BB also get rejected.
Rating is not only due to not paying the Min sum more than 30 days. There are a lot of other reasons that contribute to your rating such as:
High credit exposure - example: your unsecured credit limit across all banks is 50k, and your total unsecured outstanding is 48k. Close to the max of the total credit limit. Another reason that contributes to this would be snowballing your credit every month and not paying in full.
Too many enquiries - example: applying too many unsecured credit facilities at one time would make banks see that you’re credit hungry. Also contributes to your rating and risk
Delinquency presence - example: making late payments past 30 days due, or having a voluntary or involuntary closure of your account. Also if you have default. Instantly you will Be HX.
Feel free to PM if you need more advice on DCP. I got approved with SCB with an FF. Yes you’re right that SCB won’t accept HH, as they will only accept FF and above. GG is very hard. However, there are other banks that accept HH.
bro, tks alot for ur time to reply. i find that u are a nice guy!
No worries bro. Been in the same situation before and I know how it feels.
Lemme know how else I can help
Lemme know how else I can help
Although ure paying few hundreds more on dcp... but drs there are alot factors u may want to consider. Prior applying dcp, i went for a appt with Ed**ebt, after the appt i find its defitinitely the last solution one would wanna go for due to it restrictions all... hope u can find out more on drs before u make ur mind
Hmmm never seen anyone here with HX get approved with DCP. Not sure about it so I can’t advise on it. Maybank might be worth a short as they are on of the lenient banks with DCP.
Although ure paying few hundreds more on dcp... but drs there are alot factors u may want to consider. Prior applying dcp, i went for a appt with Ed**ebt, after the appt i find its defitinitely the last solution one would wanna go for due to it restrictions all... hope u can find out more on drs before u make ur mind
Yes definitely will do that. I met edudebt before so yeah they did explain clearly. So wanna make sure I make the right decision whether it will have any real impact to my life after the drs conversion.
True tat. Im one of those HH got approval from citi.
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