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Thais borrow early and get trapped in a cycle of debt

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On 8/12/2019 at 11:45 PM, leeneeds said:

Same for all the world where credit is offered by  institutions,  bait the hook, 

and reel in the the ones who bite,

going with out is not in a lot of peoples vernacular, when they should be reading the fine print and thinking,

nothing is free.

RE - when they should be reading the fine print and thinking,

 

* … effektive interest rate 30% only … ????

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  • RichardColeman
    RichardColeman

    I think we can all see the signs that Thailand is going to really have it hard soon, and once those borrowers start being laid off as there's nobody to export too and the tourists are not coming or sp

  • The music will stop eventually.   I’m absolutely shocked to hear people making 9000 - 15,000b per month can’t afford a new car and the latest iPhone.  

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