Singapore Expats

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by redhead14
Thu, 21 Sep 2023 9:05 pm
Forum: Staying, Living in Singapore
Topic: Just learnt about a ballooned15 year old CC debt!
Replies: 33
Views: 32415

Re: Just learnt about a ballooned15 year old CC debt!

Leaving well enough alone is a potential strategy - especially if you aren’t planning to stay long and don’t need any credit/loans. Also, I wouldn’t be surprised if DBS sold the debt to a collection agency - who might have given up and deemed it uncollectible by now. Just make sure you don’t show u...
by redhead14
Thu, 21 Sep 2023 9:04 pm
Forum: Staying, Living in Singapore
Topic: Just learnt about a ballooned15 year old CC debt!
Replies: 33
Views: 32415

Re: Just learnt about a ballooned15 year old CC debt!

I have a similar situation from 2014, just checked my credit file and about $8k has ballooned to over $100k, also DBS. Did this situation get resolved for you? Any info very gratefully received! Do you live in Singapore? I wonder what would happen if you just left it alone and never addressed it at...
by redhead14
Wed, 20 Sep 2023 5:36 pm
Forum: Staying, Living in Singapore
Topic: Just learnt about a ballooned15 year old CC debt!
Replies: 33
Views: 32415

Re: Just learnt about a ballooned15 year old CC debt!

I have a similar situation from 2014, just checked my credit file and about $8k has ballooned to over $100k, also DBS. Did this situation get resolved for you? Any info very gratefully received!

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