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Anonymous

14 Jun 2021

∙

Debts Consolidation Plan

I have few credit cards outstanding, I'm planning to go for this DCP.
I have few concerns about this.
For example, will it affect my future housing loan or any loan in the future if I plan to buy a house?

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Tan Choong Hwee

14 Jun 2021

Investor/Trader at Home

Does your current debt level affect your eligibility to take a housing loan? In any case, going thru DCP will improve your debt situation. It is more advantageous to do it, especially to cut down the hefty credit card debts.

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Beside debt consolidation plan, have you heard of "freeze interest" and "consolidation under one bill" under the government scheme?

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I already have the debt consolidation plan with Citibank, can I delay the payment too?

Is there a template for consolidation insurance plans?

Are insurance and savings plan premiums included as debt obligations in calculating TDSR?

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