November 30, 20187 yr On 11/29/2018 at 5:32 AM, ezzra said: because Thai banks are extremely difficult to borrow from, and unless you have an impeccable banking and tax records, you have no hope of getting a loan from them, so they turn to the loan sharks Spot on there man, the banks with their stodgy old fashioned approach are mostly out of touch. Mind you, the insane attitudes of some shall I say "uneducated" Thais regarding credit/debt is tragic. The missus had one lady working for her, continually borrowing from one shark (or anyone stupid enough to spot her some money, including us) to pay the next one, ended up losing everything...bad luck / karma to blame no doubt
November 30, 20187 yr 12 hours ago, Redline said: Stronger penalties for the loan sharks The junta was working on new anti loan shark law since Jan 2560 with harsher penalties of imprisonment and heavy fines. So far the law has been stalemated and kick down the road. Every year there is a crackdown on loan sharks. Not going away. If there is demands there will be suppliers and perhaps shielded by dirty policemen and military men like the illegal casinos. Authority never serious to root out loan sharks.
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