Popular Post webfact Posted January 17, 2022 Popular Post Share Posted January 17, 2022 Creditors of a famous seller of the Thai sweet "look chup" (marzipan imitation fruits) are lining up and wanting their money back. They claim that Rossukhon Pansai - who appeared on TV many times - owes them 20 million baht. A Facebook post utilizing language far less sweet than look chups alerted Sanook reporters to trouble in Chonburi. The matter is now in the hands of the Muang Chonburi police. Nathakan, 32, said she was owed 6.5 million, Rinnapha 1,880,000 and many others were due 11 million baht. Nathakan said she had known "Ros" for several years and lent her money at interest rates. But towards the tail end of last year problems started and she asked for all her money back. It was not forthcoming and she said in her post that both the woman and her husband had now gone to ground. Despite being eight months pregnant Rinnapha was more forgiving urging Ros to come back and help her during the time of childbirth. She referred to the sweet seller as her mum. Both ladies talked of how they had trusted their friend with their money due to her business, house and social standing. Now they want answers - and their money back. Long Stay Visa Health Insurance Plans -- © Copyright ASEAN NOW 2022-01-17 - Aetna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here. - Follow ASEAN NOW on LINE for breaking COVID-19 updates Get your business in front of millions of customers who read ASEAN NOW with an interest in Thailand every month - email [email protected] for more information 1 1 4 Link to comment Share on other sites More sharing options...
Popular Post Mr Meeseeks Posted January 17, 2022 Popular Post Share Posted January 17, 2022 Lesson: Never, ever, and I mean ever, lend a Thai money unless you reconcile yourself with never seeing it again. 19 Link to comment Share on other sites More sharing options...
delgarcon Posted January 17, 2022 Share Posted January 17, 2022 14 minutes ago, Mr Meeseeks said: Lesson: Never, ever, and I mean ever, lend a Thai money unless you reconcile yourself with never seeing it again. At 20% interest per month, I'd take the risk! 1 Link to comment Share on other sites More sharing options...
Popular Post KarenBravo Posted January 17, 2022 Popular Post Share Posted January 17, 2022 Obviously a "Chit Fund". Inevitably, the person holding the funds gets in to trouble financially and does a runner with the money. Never heard of a chit fund that didn't end this way. Thais know this, too, but their greed outweighs any caution. 3 1 Link to comment Share on other sites More sharing options...
worgeordie Posted January 17, 2022 Share Posted January 17, 2022 Lent her money why, to expand her imitation fruit empire .....???? regards worgeordie 1 Link to comment Share on other sites More sharing options...
Popular Post jacko45k Posted January 17, 2022 Popular Post Share Posted January 17, 2022 1 hour ago, worgeordie said: Lent her money why, to expand her imitation fruit empire .....???? regards worgeordie It was a plum investment in a peach of a business woman. 2 3 Link to comment Share on other sites More sharing options...
Pedrogaz Posted January 17, 2022 Share Posted January 17, 2022 3 hours ago, delgarcon said: At 20% interest per month, I'd take the risk! Usury mate....I hope you lose all your money. 1 1 Link to comment Share on other sites More sharing options...
Bluespunk Posted January 17, 2022 Share Posted January 17, 2022 (edited) 4 hours ago, webfact said: Nathakan said she had known "Ros" for several years and lent her money at interest rates. But towards the tail end of last year problems started and she asked for all her money back. Yeah...the problem with that is someone who needs to borrow 6 million is unlikely to have it available to pay back, when they are having troubles meeting the repayment plan [plus possibly exorbitant interest rate], at the drop of a hat. Edited January 17, 2022 by Bluespunk clarification 1 Link to comment Share on other sites More sharing options...
hotchilli Posted January 17, 2022 Share Posted January 17, 2022 6 hours ago, webfact said: Both ladies talked of how they had trusted their friend with their money due to her business, house and social standing. Now they want answers - and their money back. Bless... so trusting. 1 Link to comment Share on other sites More sharing options...
DBath Posted January 17, 2022 Share Posted January 17, 2022 I've always followed a strict rule: Never, ever lend money to friends or family, unless you are okay with never seeing it again. 2 Link to comment Share on other sites More sharing options...
BusyB Posted January 17, 2022 Share Posted January 17, 2022 (edited) 4 hours ago, DBath said: I've always followed a strict rule: Never, ever lend money to friends or family, unless you are okay with never seeing it again. I only ever give money, that way it's never more than I can afford and if I get some back it's gravy. I did spend many years living off an overdraft. But at least the interest for that was manageable. I used it as a revolving credit when I chose to live beyond my means. It's all paid back now. I wonder how much these people actually lent and at what interest rates. I don't believe they lent millions. I suspect that's the level of debt accrued. Edited January 17, 2022 by BusyB 2 Link to comment Share on other sites More sharing options...
chickenslegs Posted January 17, 2022 Share Posted January 17, 2022 10 hours ago, jacko45k said: It was a plum investment in a peach of a business woman. Until it went pear shaped. 2 Link to comment Share on other sites More sharing options...
The Hammer2021 Posted January 17, 2022 Share Posted January 17, 2022 13 hours ago, Mr Meeseeks said: Lesson: Never, ever, and I mean ever, lend a Thai money unless you reconcile yourself with never seeing it again. Money lending is a major business here. Like all modern societies the Thai economy is based on credit and loans. When lending and borrowing money careful judgement has to be made. I see at least 16 people didn't. 'Never a lender nor a borrower be'. Or never lend out what you can't afford to lose! lol Link to comment Share on other sites More sharing options...
Golden Triangle Posted January 17, 2022 Share Posted January 17, 2022 It wasn't a loan it was a gift ???? cor, at least get that right. Link to comment Share on other sites More sharing options...
The Hammer2021 Posted January 17, 2022 Share Posted January 17, 2022 (edited) 10 hours ago, Pedrogaz said: Usury mate....I hope you lose all your money. Historically money lenders offered opportunities to all manner of people who otherwise could not afford their ambitions. Edited January 17, 2022 by The Hammer2021 Link to comment Share on other sites More sharing options...
scorecard Posted January 17, 2022 Share Posted January 17, 2022 7 hours ago, DBath said: I've always followed a strict rule: Never, ever lend money to friends or family, unless you are okay with never seeing it again. My Thai son got numerous requests to 'borrow his money' when he started university and his uni colleagues realized he had a western family name. He did loan once, never any payments, he asked 'when are you going to pay back the money you borrowed from me?' Response 'if you are going to ask for me to repay the money then you're not a nice friend' They never spoke again. After that his standard response was 'Well I have no money and I'm hoping I can borrow from you, can you give me 5,000Baht today!' The word spread quickly, nobody asked him again. Link to comment Share on other sites More sharing options...
timendres Posted January 18, 2022 Share Posted January 18, 2022 On 1/17/2022 at 10:08 AM, delgarcon said: At 20% interest per month, I'd take the risk! When repayment is never going to happen, you may as well make it 1000% - it still amounts to nothing. 2 Link to comment Share on other sites More sharing options...
delgarcon Posted January 20, 2022 Share Posted January 20, 2022 On 1/19/2022 at 12:37 AM, timendres said: When repayment is never going to happen, you may as well make it 1000% - it still amounts to nothing. I'm afraid you don't know what you're talking about. Yes the lenders take a hit now and again, but repayment is not so important when you're getting the capital back with 5 months of interest. Link to comment Share on other sites More sharing options...
delgarcon Posted January 20, 2022 Share Posted January 20, 2022 On 1/17/2022 at 1:40 PM, Pedrogaz said: Usury mate....I hope you lose all your money. What a strange reply! Link to comment Share on other sites More sharing options...
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