Jul 17 2008, 02:16 PM
QUOTE(vaio_me @ Jul 17 2008, 01:57 PM)
Hi All Sifu,
I am currently a joint holder for a house in puchong with my sister, the house is under my sister and my name, but her bf parent is staying in the house and they are paying for the instalment. However, they are defaulting payment each month, it's coming 3 months due and this effect my ccris, I would like to know, would this affect my ccris information, because whenever I apply for credit card, it was rejected. I am thinking to buy house in the next 2 years, would this affect me to get a house loan in the future?
Also, I would like to know what is the procedure and how much to pay to transfer my name out from this housing loan?
Thanks in advance for reply if any.
ok first of all...your CCRIS will definitely show that you have been delinquent in paying your monthly arrears for the last 3 months..this has definitely added lots of weight on the rejection of your Credit card application..the Bank does not know and does not care who the occupants of the house are..they are only interested in their money..you have few options:-I am currently a joint holder for a house in puchong with my sister, the house is under my sister and my name, but her bf parent is staying in the house and they are paying for the instalment. However, they are defaulting payment each month, it's coming 3 months due and this effect my ccris, I would like to know, would this affect my ccris information, because whenever I apply for credit card, it was rejected. I am thinking to buy house in the next 2 years, would this affect me to get a house loan in the future?
Also, I would like to know what is the procedure and how much to pay to transfer my name out from this housing loan?
Thanks in advance for reply if any.
a) get your sister to explain to her bf parents on the implication that she and you are facing due to their inability to pay.
b)as your suggestion above..get your self out of the mess...but dont you wanna think of your sister? she will also face the same consequences as you.
c) get them out of your house by force...
d) sell the house and let the new landlord handled them..
e_withdraw from your epf and settle the outstanding first before your name is really barred
kindly take note that the more you delay the more expenses you will bear..every notice sent to you by the Bank will cost you some money..the moment they send you a legal notice (varying on who the solicitor is), the price of each notice stands between RM75 to RM250..all these will be debited against your housing loan..
just for your info, once your loanis in default for a min of 3 months, the Bank will initiate legal action against you and proceed to auction of your house..
So please be fast in whatever decision you make as every day counts..
Quote
0.0164sec
1.10
6 queries
GZIP Disabled