Debts - Credit Counselloring Singapore (CCS)

In recent months, there's quite a number of people asking and seeking help with CCS for their finiancial woes .... some are gambling related debts. In recovery, a good, proper debt repayment plan is important for a recovery person. But to even step into the process of doing this, this recovery person must learn and understand H.O.W .... Honesty, Open-mindedness, Willingness.

As a gambling addict, being Honest with my debts is the most difficult part of my recovery!! Alot of Gulit, Shame and Ego problems.

However, I just want to take this opportunity to share with you one of the member's experience with CCS, and he's into his 2nd year of repayment plan and doing well in this recovery. Though in recovery for a short period of time, he's a good role model for many, the way he pick himself up, safe his job, keep his family together and most importantly staying away from all forms of gamblings.

Member Experience with CCS - simple 3 Steps Process

.... but hor you need to be very patience ....

Step 1 - Compulsory Attendance of Free Info Talk on Debt Management

- He called CCS to book the appointment to attend the talk, available in 2 weeks time.

- Attended the 2-hour talk 2 weeks later. During the talk, 4 options will be explained to those attending the talks

• Self Administration
• Composite Settlement
• Debt Management Programme (DMP) ~ need to submit a blue form
• Bankruptcy ~ as a last resort when all else fail to resolve the debts.

- Submitted a Blue form as his option is DMP.

- Go back and wait for CCS to call for 1-1 counselling session which he is required to prepare

• All the necessary documents of all his debts. 
• Total household income and total household expenditure.

Step 2 - Credit Counselling to Explore Solution

- The 1-1 session was arranged 6 weeks later from the day of the talk. (Must bring along $30)

- Case Officer will

• Asked questions and why you ended at such state/situation/problems
• Will go through your household expenditure and would advice accordingly
• Explore the options and propose lifestyle adjustment in resolving the debt problem

- At the end of the counselling session, both the counsellor and him concurred that the DMP is the most suitable option, CCS then started work on it, subject to DMP Review Committee's approval and put up for the creditors consideration and acceptance.

Step 3 - Setting DMP for Approval

- He waited about 3 months for the formal approval of the the DMP and the date for the signing of the DMP propsal was set. He has to bring along $100 (can make arrangement to pay by installment)

- Case Officer will explain how the DMP proposal works before submitting to all his creditors.

- Case Officer advice him to pay up according to the DMP proposal on time monthly if not the creditors have the right to void the plan

3 simple steps, but hor

• lots of paper works to fill up figure which gamblers doesn't like .....
• lots of questions which gamblers don't like to answer .....
• long waiting time of 3-4months so don't expect it to be immediate which gamblers wanted .....
• while waiting, respond to all legal letters, don't run away from it .....

Lastly, join a support group .... it's really tough to go thru it on your own. Let someone who has gone thru the process share with you his strength and experience.