Debt Consolidation Loan With 520 Credit Score – Iamindebt said: Have any of you tried going to credit counseling singapore? I have already signed up for a session two weeks later. Can they also give me DCP as a remedy? OnePlus 6T Posted by GAGT Click to expand…

Exactly it all depends on the program you want to join. For a DMP, they will decide if you can afford to pay each month based on your income and expenses.

Debt Consolidation Loan With 520 Credit Score

Debt Consolidation Loan With 520 Credit Score

Searchlightsoon said: No problem. It all depends on the program you want to join. For a DMP, they will decide if you can afford to pay each month based on your income and expenses. Click to expand… Thanks for the advice.

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So are DMP and DCP two different processes? How do I know which one is most effective to take?

Iamindebt said: Thanks for the tip. So are DMP and DCP two different processes? How do I know which one is most effective to take? OnePlus 6T Posted by GAGT Click to expand…

DCP is administered by banks and you can apply for any bank offering DCP depending on their interest rate. Once approved, you will only pay the bank and all other credit card accounts will be closed. You will be issued a credit card with a limit of one month. To be eligible, your income should be between 30K to 120K and your monthly income should be more than 12X (Example: Total loan from all banks is S$50K and your annual income is S$40K, then you are eligible)

DMP is managed by CCS. You have to attend the hearing and go for counseling before deciding whether to submit the case to the bank for approval or not. Once approved, you make scheduled payments to various banks on due dates. No other loan is allowed.

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I signed up to CCS first, didn’t know there was a DCP option, I canceled my CCS call for a week and used UOB in April.

Bro, you can apply for DCP if you feel you can pay.

Iamindebt said: Hi guys, I have about 33k credit card debt from 3 banks (dbs, hsbc, ocbc). I take home around 2.5k per month and I can’t pay less. And because of all this, I am confused and fall asleep quickly. I signed up to talk about debt counseling in Singapore. Does this help? And how is this different from DCP? I need help. thank you Click to expand…

Debt Consolidation Loan With 520 Credit Score

There is a hidden buffer of 7 days after the due date before late fees are charged. That shouldn’t be a problem.

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Applewee said: I missed the payment date for my cash account…will this affect my credit? I pay in a day Click to expand…

Jojodespo said: 7 days after the due date are hidden before the late fee is charged. That shouldn’t be a problem. Click to expand…

Searchlightsoon said: Yes, you can see the difference in this overview: DCP is managed by banks and you can apply to any bank that offers DCP based on their interest rate. Once approved, you will only pay the bank and all other credit card accounts will be closed. You will be issued a credit card with a limit of one month. To be eligible, your income should be between 30K to 120K and your monthly income should be more than 12X (Example: Total loan for all banks is S$50K and annual income is S$40K, then you are eligible) Powered by DMP happens You have to attend the hearing and go for counseling before deciding whether to submit the CCS case to the bank for approval or not. Once approved, you make scheduled payments to various banks on due dates. No other loan is allowed. Encourage reading this forum for better understanding of DMP: Click to expand…

Thanks for letting me know. I have lost it all now. I don’t know what DCP or DMP is.

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Jojodespo said: Bro, if you feel you can continue paying you can apply for DCP. For 7 years, I’ve been earning around $400+ per month, which you hardly ever counted. What’s Your CBS Click to expand…

Will DCP Bank help me to calculate my total loan amount or I will write and inform the bank myself?

You need help! My CSO just called me and said that their planning team needs a CPF/Salary Credit Account statement. I am within the limit of 12 times my gross credit based on salary and <12 times if using CPF. I submitted my salary report based on my base salary without bonus.

Debt Consolidation Loan With 520 Credit Score

My application was approved by HSBC last Friday.. first withdrawal was made to 1 account. My CSO said he can see the DCP account created in the system. With request for CPF statement, will the bank cancel my request?

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Jojodespo said: Bro, if you feel you can continue paying you can apply for DCP. For 7 years, I’ve been earning around $400+ per month, which you hardly ever counted. What’s your cbs Click to expand… I just got my cbs report. My point is P.P. That’s the worst rating ever, isn’t it?

My total debt is 28 lakh dollars. My gross monthly salary is around $2.9k. Does this come under the minimum credit limit of 12 months for DCP loans? Can I apply for DCP?

Iamindebt said: I got my CBS report. My point is P.P. That’s the worst rating ever, isn’t it? My total debt is 28 lakh dollars. My gross monthly salary is around $2.9k. Does this come under the minimum credit limit of 12 months for DCP loans? Can I apply for DCP? OnePlus 6T Posted by GAGT Click to expand…

Williten said: I am not afraid. Click here

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Iamindebt said: “Why pay 12 months of debt consolidation? I want DCP or DMP. But DMP isn’t for everyone? Click to expand…

Is MAS in control? We have HH ppl DCP approved. It’s okay to try. It is usually very fast. About 3-5 working days to know the result. If you fall 12 times, you can consider the DMP option. Come forward!

Applewee said: But DBS will pay late fee very fast when one day late… omg I’m so stressed… Click to expand…

Debt Consolidation Loan With 520 Credit Score

Shalala-86 said: Is MAS under control? We have HH ppl DCP approved. It’s okay to try. It is usually very fast. About 3-5 working days to know the result. If you fall 12 times, you can consider the DMP option. Come forward! Click to expand… I’ve already signed up for next Tuesday’s free CCS issue. Hope you can get the DMP part later. Thank you father!

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Jojodespo said: Yes. I don’t think so. What about credit status? It may work for you. HH can still use MAYBANK, HSBC. Some banks do not accept HH. Click to expand… I am wondering about my case, can I go through the process of personal loans from different banks? Any tips on this method? thank you

Iamindebt said: I’ve already signed up for next Tuesday’s free CCS release. Hope you can get the DMP part later. Thank you father! I am wondering because of my case if it is possible to go through the process of personal loans from different banks. Any tips on this method? Thanks Click to expand…

You may want to test your luck with a fintech company to see if you can get your credit card fully approved. The interest they charge is 1% per month which is less than the 2%+ per month charged by banks.

Alternatively, you can go with your DMP account and use it. The interest rate is 3% to 4% per annum, which is fixed throughout the loan period. As long as you are able to make the monthly payments (based on your minimum monthly income), CCS will consider making a case to the bank for DMP approval. That being said, it may have been a while since your credit card was added. They are not willing to put a DMP on someone who bought their credit card a few months ago and spent a lot, and wants to pay with a DMP because of the low interest.

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Has anyone tried Credit Culture before? So is it like taking a loan from them? But they give only 6 months loan from my monthly salary. I earn $3k now, 6 month loan only $18k. But I

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📅 Born: May 15, 1985 📍 Location: New York City 🖋️ Writer | Financial Enthusiast Welcome to my corner of the web! I'm John Pablo—a finance enthusiast and writer passionate about making money matters simple and accessible.

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