Etiquette for harboring a debtor

[brianthainess]

17 minutes ago, OneMoreFarang said:

How about drugs and/or gambling? Those are the habits, at least for some people, to do crazy and irrational and illegal things...

Couldn't agree more, if she has borrowed money from a loan shark she is in serious poo, these guys do not give up wherever you hide in the County, they will find her and seriously threaten her.

[brianthainess]

10 hours ago, BTB1977 said:

So when the mafia comes to collect do you really want to be in the cross hairs. 

 

6 hours ago, Scouse123 said:

 

You've been watching Netflix too long!

No Scouse this is real life in Thailand, it happens daily. Borrow money from a shark when the monthly payments stop, you then have to pay EVERY day, if that stops they will come and stick a gun to your head. you can run but never hide, they WILL find you.

edit; I have known 3 Thais who were and are now on the run again, they sell the dept on.

Edited June 8, 2021 by brianthainess

[Yellowtail]

Loan sharks typically do not provide unsecured loans except on television.

 

If you kneecap someone they no longer able to work and the likelihood of you getting your money plummets. 

 

Too much risk to the loan shark, for too little benefit. 

 

[The Fugitive]

As others have already said the classic expression 'Thai people don't worry' applies here. It isn't the OP's debt. My Thai Sister-in-Law has around 2 million baht credit card debt. She worked in Mumbai on a three year contract but had to return due to Covid. She now has another three year contract in Dubai. Bank staff come into her Mum's shop and I have seen my wife making payments. I'm sure she needn't pay anything?

[AustinRacing]

17 hours ago, geisha said:

The op keeps saying * she* , does that mean the husband is not staying ? In such a situation , presuming the *she* is Thai , tell her you have family coming and she/ they must leave . That is if you can’t say the truth that they must leave . She must have family somewhere .

She’s staying with us and husband works and stays in another province. She’s got the message because the wife is planning (wink wink) to visit her aunt this week for a few days so she agreed to go in the next couple of days.

[AustinRacing]

12 hours ago, BTB1977 said:

So when the mafia comes to collect do you really want to be in the cross hairs. 

It’s another reason why I don’t want her here. Although they claim legit creditors issues, who’s to say whether they owe money to non-legit outfits. I suspect some gambling related debt although they don’t admit it. Nevertheless we’ve done our bit and now it is time to sort out issues themselves. I just find the mentality unacceptable. Rather than addressing it she claims to be a victim “why my husband do that to me”. Well it’s been a year and they’ve done nothing not even show up to court and ask for consideration. Lack of foresight. Same as not wearing helmets with 4-5 on a bike including infants in arms. When they have horrible crashes “my baby dead. Why happen to us?”

[Yellowtail]

OP sounds like a bigot.

[DerbyDan]

1 hour ago, AustinRacing said:

It’s another reason why I don’t want her here. Although they claim legit creditors issues, who’s to say whether they owe money to non-legit outfits. I suspect some gambling related debt although they don’t admit it. Nevertheless we’ve done our bit and now it is time to sort out issues themselves. I just find the mentality unacceptable. Rather than addressing it she claims to be a victim “why my husband do that to me”. Well it’s been a year and they’ve done nothing not even show up to court and ask for consideration. Lack of foresight. Same as not wearing helmets with 4-5 on a bike including infants in arms. When they have horrible crashes “my baby dead. Why happen to us?”

yep, just figure your burning a bridge. if you ever need their help they are not likely to be interested.

[Surelynot]

 

1 hour ago, AustinRacing said:

It’s another reason why I don’t want her here. Although they claim legit creditors issues, who’s to say whether they owe money to non-legit outfits.

Oh boy....they won't care you are not involved...they will just see you as another source of debt recovery.....they make Albanians look like the Samaritans

[chickenslegs]

4 hours ago, Yellowtail said:

If you kneecap someone they no longer able to work and the likelihood of you getting your money plummets. 

 

Too much risk to the loan shark, for too little benefit. 

 

The benefit of the beatings is they are a warning to others.

[Yellowtail]

51 minutes ago, chickenslegs said:

The benefit of the beatings is they are a warning to others.

 

Yes, often the movies perhaps, but in real life? Not so much. 

 

And I said kneecap which you've conveniently reduced to a beating. 

 

Again, loan sharks generally do not make unsecured loans, they come and take whatever was put up for collateral. What sense would it make to loan someone money that can't pay you back? You really think someone who has been shot in the knee is going to be more able to pay? 

 

In any event, how many people do you think borrow money from loan sharks? Now how many people do you see that have been shot through the knee? 

 

Once one guy get shot through the knee, the loan shark is out of business. 

[chickenslegs]

4 minutes ago, Yellowtail said:

 

Yes, often the movies perhaps, but in real life? Not so much. 

 

And I said kneecap which you've conveniently reduced to a beating. 

 

Again, loan sharks generally do not make unsecured loans, they come and take whatever was put up for collateral. What sense would it make to loan someone money that can't pay you back? You really think someone who has been shot in the knee is going to be more able to pay? 

 

In any event, how many people do you think borrow money from loan sharks? Now how many people do you see that have been shot through the knee? 

 

Once one guy get shot through the knee, the loan shark is out of business. 

I've never heard of any "kneecapping" in Thailand.

You are the only person to mention the word in this thread.

Beatings do happen, and for the reason I stated.

 

[Yellowtail]

28 minutes ago, chickenslegs said:

I've never heard of any "kneecapping" in Thailand.

You are the only person to mention the word in this thread.

Beatings do happen, and for the reason I stated.

 

 

I think it safe to assume kneecappers are in the business of kneecapping, yes?

 

 

How does it set an example? Does the loan recipient that has been beaten go around and tell all the other loan recipients that are delinquent that they have been beaten? Does the loan shark give him a list to follow-up on?  Does the loan shark take photos and send out flyers?

 

Who is going to borrow money from the guy that hospitalized their associate?

 

I'm not saying it never happens, but really? And let's not forget that occasionally a guy that takes a beating grows some hair on his ass and retaliates. 

 

Violence is bad for business.

 

 

[asiacurious]

Some of the things said here are helpful, but comments that promote the sexual exploitation of the woman are disgusting.  (Claiming that they are made in jest isn't an excuse.)

[asiacurious]

7 hours ago, nkg said:

 

I had a scam caller last week saying that someone had used my Amazon account to buy an iPhone 11, so I assumed that it was the latest, most expensive toy.

 

I'll ring them back to tell them to update their sales pitch ????

 

Yeah, pretty common scam.  Why is it always Apple products?!

 

Here's the one I got last week in my voice mail (got to love vm transcriptions!)

 

 

 

[Bangel72]

Probably best to stay out of their problems beyond the what can I do to help within reason you would do for your mates.

 

Formal debts tend to be straight forward but they need to be confronted and not ignored, income assessed and payment based on that. Often if found not to be able to pay then they will be written off. Going to zero is tough but not facing it and they will end up below zero.

 

Informal loans - these are horrendous in Thailand and often the worst loaners are previously so called friends.

 

The downward spiral often ends in gambling, they see that as only potential fantasy world out and the deeper they go.

 

Loan sharks often collect daily on the smaller amounts, loads of leaflets advertising these are going around. Even if a small amount and no violence its a constant hassle daily with threats that will make their life miserable, these debts are often co-signed by two borrowers, the lenders know their is a high run rate so that covers that risk somewhat but the profit is so high.

 

So called friend runs your debt doubles then you get to the next level of high value debt. 4 runners from one street near us last year, one had left an elderly couple at the house they ran from so the lenders would gather there daily.

 

The gambling vultures will circle at this point, can't pay they start turning up with bruises, perhaps their head has been shaved as a warning and threats increase.

 

If your gambling debt is with a casino, there used to be buses heading to poipet full of girls going to work off their debts.

 

I'd stay clear of anyone with any debts, wish I had known that before.

[CharlieH]

Title adjusted as it was a little misleading

 

Moving this to "the Pub".

[CharlieH]

7 hours ago, Yellowtail said:

Loan sharks typically do not provide unsecured loans except on television.

 

If you kneecap someone they no longer able to work and the likelihood of you getting your money plummets. 

 

Too much risk to the loan shark, for too little benefit. 

 

You misunderstand the methodology, the breaking/mutilation is designed as a detterent to others as to what will happen if you default. The fact the recipient is out of action is not the only reason for it.

[Yellowtail]

47 minutes ago, CharlieH said:

You misunderstand the methodology, the breaking/mutilation is designed as a detterent to others as to what will happen if you default. The fact the recipient is out of action is not the only reason for it.

 

I don't think so, again:

 

How does it set an example? Does the loan recipient that has been beaten go around and tell all the other loan recipients that are delinquent that they have been beaten? Does the loan shark give him a list to follow-up on?  Does the loan shark take photos and send out flyers?

 

Who is going to borrow money from the guy that hospitalized their associate?

 

I'm not saying it never happens, but really? And let's not forget that occasionally a guy that takes a beating grows some hair on his ass and retaliates. 

 

Violence is bad for business.

 

Far and away most people pay, that some don't is  a cost of doing business. 

 

 

[canthai55]

On 6/7/2021 at 2:24 PM, HashBrownHarry said:

I got a 45K phone bill once even tho it had a 10K limit, offered to pay the 10K and they said no.

Best revenge story I ever heard.

Guy comes home, says to GF "We are over, move out"

He goes on "I have to go visit the parents for the weekend, be gone by Monday morning when I return"

Comes home, all her stuff gone, nothing wrecked, nothing missing.

Notices the fone (Landline days) off the hook. Picks it up ...

Voice (In Chinese he later finds out) - at the tone, the time will be ...

From Hong Kong !!! 555

He had to pay the bill !!!

[simon43]

All this 'grandma tales' about loan sharks and beatings.  When I lived in Phuket with the ex's family nearby, it was commonplace for them and their friends to have unsecured loans from the local loansharks.  These guys would visit daily to collect their interest with a gun stuck in their belt.  I made it clear to them from the start that whatever loans were due were nothing to do with me.

 

One day, my brother-in-law couldn't pay.  He was pistol-whipped in the street....

 

These guys don't mess around, as witnessed by my abrupt departure from Phuket some years ago after the local 'big' drug-dealers came looking for me after they were mistakenly informed that I (a volunteer police officer for many years), had given their details to police HQ in Phuket.  I never returned, because I like my knees ????

[AustinRacing]

23 hours ago, nkg said:

 

Zero credit rating! Oh no! We can't buy another iPhone 11 on credit, teeruk ????

Well she left yesterday. No iPhone upgrade but she got up early in the morning and went to local seafood market and bought 900thb worth of seafood to take home. You gotta have nice seafood regardless of not making any loan payments in the last few months. It’s about priorities chemai?

[CharlieH]

Ok, so now she has left, case closed !

 

As is this topic.