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Do you think this is a smart move to clear a debt?, Someone I chatted with said it was
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littledaus
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 Jun 13 2025, 12:48 AM
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Getting Started
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i had similar situations here too. with several credit card debt on my shoulder, it make me thinking to find one solution for all. few bank had contact me to give a solutions to take settlement loans. how i able to know its worthy or not?
current:
UOB cc: 15k ~ 1k/mth
CIMBcc: 5K 400/mth
Aeon: 10k 600/mth
with current expenses, there is a month that i had to use my cc.
i watch ramsey baby step, but i not able to understand correctly how its works. any thought?
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littledaus
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Jun 14 2025, 02:11 AM
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Getting Started
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QUOTE(cempedaklife @ Jun 13 2025, 04:48 PM) I assume those are minimum payments? Like that don’t know how many years you need to settle the debt lol. First, make sure you have money left every month. Second, you don’t have any money. Don’t pannai pannai go sign up for oversea trip latest gadgets coz after servicing min payment you got money left or quota left in cc. You don’t have money. Third, try find any of your cc offer 0% balance transfer. Apply for it to the amount you can still service comfortably monthly to cover for the other cc. You don’t need to cover for whole amount. The idea is to reduce interest as much as possible. Everything little counts. thank you. i hope either one of cc had 0% balance transfer. |
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