Debt Clinic offers new relief to debt defaulters

 

FILE photo

 

BANGKOK, 6th August 2018 (NNT) - The Debt Clinic is offering a new round of relief to various groups of defaulters. 

Eligible help seekers are debtors of credit cards, cash advance cards or personal loans from at least two commercial banks and are people who have been unable to settle their debts for more than three months or before 1 April this year. The scheme applies to those having total debts of no more than two million baht. They must be aged no more than 65. Debt relief is denied to debtors whose lawsuits have been resolved in court. 

Acting President and Senior Executive Vice President of Sukhumvit Asset Management (SAM) Niyot Masavisut, said today that participants in the Debt Clinic project will have their debts restructured into low-interest repayment plans. The debt settlement periods may be extended to 10 years. 

The Debt Clinic project was launched for the first time in May and received an overwhelming response. The clinic reopened on 4th August and will offer services again on 18th and 25th August. 

Interested persons can register for debt restructuring at the Debt Clinic office on the12th floor of Lao Peng Nguan 1 Tower on Viphavadee-Rangsit Rd. in Bangkok, or may do so online at www.debtclinicbysam.com. Those seeking further information on the project can call 02-610-2266 during office hours.

 

-- nnt 2018-08-06

Thats great  will free  up a  bit of money for the debtors........................so they can  borrow  some more

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Why is it that those in debt,seem to get sympathy from the Government,

and are helped with relief,all kinds of plans to ease their burdens,while

those that live within their means,no matter how difficult,and maybe

manage to save a few Bhat,every month,are given no encouragement,

and are offered interest rates on their savings,that do not even cover

inflation.

Seems been in debt is the way to go,as the Geordie comedian,the little waster

Bobby Thompson said, "let them worry,thats owed" !

regards worgeordie

Yeah, let's borrow some money forget about  installments, and get an appointment with Dr. Painless Potter at the Dept Clinic.

The No. 2 in this country must be proud so many people adopt his example of "borrowing culture." He was probably hoping the debtors spend all the borrowed money on periodic costumes. Can't take long and the first smart a#$ comes up with the excuse:

"I borrowed the money from a dead bank"

If you can't repay loans : confiscate , jail & forced labor.