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Loan Shark advice


Yugoslav

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On 8/3/2019 at 3:57 AM, PingRoundTheWorld said:

Troll post for sure, but let's bite:

 

Normal Thais don't take loans from loan sharks. Was she a bar girl or freelancer before marrying you? Did she marry you for money or love? Bar girls have been known for making up elaborate stories to extract money out of their "teerak" any way possible. It could very well be that the "loan shark" is a husband, boyfriend, or relative back home who she's sending money to regularly.

 

 

Either way, charging more than 15% interest on a loan is illegal, and charging interest on the interest is illegal. Pay the original interest due on the original loan, at 15% max, and nothing more. If he wants more, point him to the law, and block him. It's quite odd that she hasn't blocked him already - unless of course it's a scam to get more money out of you.

 

http://library.siam-legal.com/thai-law/civil-and-commercial-code-loans-section-650-656/

Spot in. But as I have a former loanshark as gf the interest is on 5000bht 250 bht every day. Yes they pick it up on daily basis

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