Liverpool Lou
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Everything posted by Liverpool Lou
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Informal lender hit by a car after demanding payment from borrower
Liverpool Lou replied to webfact's topic in Thailand News
No, it is not, they do not quote an actual rate of interest, they tell the borrower this is how much you have to repay each time, in baht. -
Informal lender hit by a car after demanding payment from borrower
Liverpool Lou replied to webfact's topic in Thailand News
Yes, they do. You use the asset as collateral. If you don't pay, they keep the car. No, banks do not operate that way, income is a requirement to qualify for a loan, they're not in the business of collecting used cars. -
Informal lender hit by a car after demanding payment from borrower
Liverpool Lou replied to webfact's topic in Thailand News
Which formal lender was that? -
Informal lender hit by a car after demanding payment from borrower
Liverpool Lou replied to webfact's topic in Thailand News
I'll defer to you as you've obviously seen the loan contract between the two parties. -
Informal lender hit by a car after demanding payment from borrower
Liverpool Lou replied to webfact's topic in Thailand News
You should go out more often. Why? I see more than enough of it here without going looking for it. -
Informal lender hit by a car after demanding payment from borrower
Liverpool Lou replied to webfact's topic in Thailand News
true enough Lou, but where I come from, and where I currently live now, there is always some equity in a vehicle ( one way or the other) , helps a bit if its insured though, which is something I hadn't considered at the time I commented And there needs to be enough income to service a legitimate loan. Banks want their money back, plus interest, not a potentially old, shagged pickup. -
Informal lender hit by a car after demanding payment from borrower
Liverpool Lou replied to webfact's topic in Thailand News
Some people have no idea how legitimate lending works, banks don't just hand out cash in exchange for blue books, they need to see their money being paid back, they're not used car dealers. -
Informal lender hit by a car after demanding payment from borrower
Liverpool Lou replied to webfact's topic in Thailand News
What? -
Informal lender hit by a car after demanding payment from borrower
Liverpool Lou replied to webfact's topic in Thailand News
Loan shark debt repayments don't usually work like that! -
Informal lender hit by a car after demanding payment from borrower
Liverpool Lou replied to webfact's topic in Thailand News
Could he, how could you know that? Did he have a verifiable income - banks don't lend if there isn't any. -
Informal lender hit by a car after demanding payment from borrower
Liverpool Lou replied to webfact's topic in Thailand News
No, it was the lender who was killed...unless you're re-writing the OP. -
Informal lender hit by a car after demanding payment from borrower
Liverpool Lou replied to webfact's topic in Thailand News
They could even have sold it , or traded down but that would involve loss of face You're assuming that there was equity in the pickup. -
Informal lender hit by a car after demanding payment from borrower
Liverpool Lou replied to webfact's topic in Thailand News
Why do you think that she's going to jail?