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Loan shark debt collection erupts into brawl

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38 minutes ago, Albert Zweistein said:

Cheap, 60 % a year. Not a loan shark ?

Ha. I know.

 

But it was the going rate amongst the Thai girls.

 

They were continually borrowing and lending money from each other, mainly to cover gambling debts.

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  • FritsSikkink
    FritsSikkink

    The same reason your countryman are doing it.

  • Mickeymaus
    Mickeymaus

    Up to the people if they accept their conditions. And for sure there is a reason that they don't get a credit at a bank.  Loan sharks? I just see idiots borrowing money from such people and afterwards

  • 1FinickyOne
    1FinickyOne

    do you really think this is a Thai issue only? or just an excuse to bash?

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10 hours ago, stevenl said:

Totally incomparable. These sharks are taking advantage of others, plus what they're doing is illegal.

Thanks Stevenl.

I just can't be bothered to get involved with arguing with all the willful, arrogant, ignorance that's slithering down this thread.

14 hours ago, Mickeymaus said:

This is exactly often the problem. Some of these "victims" are like drug addicts. They only think where they can borrow more money. They don't care if and how they can pay it back. There are enough lenders that got killed by people they gave money to. 

 

Yes, some are, but that is a health issue, and only a complete idiot lends to a drug addict.

Many many are not. And the pandemic has made many many more vulnerable to this kind of crime.

11 hours ago, Scott Tracy said:

Would have been better not to have borrowed money from the private individual, then. What do you expect? Borrow money and not have to pay it back? Good grief.

Would have been better not to lend it to insolvent, struggling people. Unless of course you're going to extort a multiple of the loan back, on a regular basis, with threats and violence. It's a crime, and it's carried out against vulnerable people of one kind or another.

23 hours ago, Jonathan Fairfield said:

Police are investigating how a visit by debt collectors for a loan shark turned into a brawl

I think I can solve this for them...she refused or couldn't pay.

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