I am both an ANZ and DBS unsecured credit facilities customer before the transfer date, what will happen to my ANZ unsecured facilities that have been suspended due to my aggregate interest-bearing balances exceeding the industry borrowing limit for three consecutive months?
If ANZ has your latest income records:
After the transfer to DBS, your unsecured facilities from ANZ (credit cards, unsecured loans, etc.) will remain suspended, and your existing DBS unsecured facilities will be suspended (if it were not suspended previously).
If DBS has your latest income records and your DBS accounts are not previously suspended:
After the transfer to DBS, the suspension on your unsecured facilities from ANZ (credit cards, unsecured loans, etc.) will be lifted.
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