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Restaurant owner appeals to the Thai press about loan shark gang - they even took her last 11 baht, police doing little


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Daily News Thai Caption: Cruel debt collectors even took 11 baht

 

Daily News reported that they were contacted by a woman they called Samai, 52, who is a restaurant owner in the Nong Phai district of Phetchabun in north eastern Thailand. 

 

She's been having a hard time of late and turned to a new group of loan sharks to help make ends meet.

 

She said that on Monday morning they turned up in a car as she was preparing to open her shop and demanded money. 

 

She said she had just been to market to get food to sell using up the last of her money and asked them to come back in the afternoon. 

 

A loud argument developed that could be heard all down the soi as the gang demanded payment and Samai thought she might have to pawn something.

 

In the end they grabbed her last eleven baht and left. 

 

They turned up again the next day and there was a policeman in the restaurant but he did nothing.

 

Calls to the police later telling the constabulary that the gang were defaming the force shouting their mouths off about not being scared of arrest prompted some action.

 

The cops told the loan sharks to go easy on payments for those in difficulty. 

 

Samai said that this gang was a new one added to the 4/5 who operate in the area providing short term loans.

 

She said that she ran into financial difficulties what with having to look after her child and four relatives and having to meet 1,000 rent for her shop, 500-600 baht utility bills and costs of food for the restaurant each morning of 800-1000 baht.

 

So she borrowed 4,000 baht receiving 3,600 then had to pay 200 baht a day for 24 days.

 

When she ran into repayment difficulties she begged the gang to let her repay 100-150 baht a day but they refused. 

 

Gangs such as these - effectively demanding interest of around 30% in a month - are operating all over Thailand, notes ASEAN NOW.

 

They are illegal yet the police do very little with the media suggesting that they are either scared of acting or in league with the gangs. 

 

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Hardly a person in Thailand that didn't, at one time or another, used the services of the neighborhood loan shark, and if the they could , they would open branches like 7/11, so yes, it's easy to fall prey into their merciless hands, easy to borrow and most time very hard to pay back...

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Police do nothing about such things, my wife went many years ago to such a loan shark in Korat and asked for 300.000 baht, now 7 years later she still pay every month 7000baht and police are afraid to do something, because she has children and grandchildren.

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51 minutes ago, joskeshake said:

Police do nothing about such things, my wife went many years ago to such a loan shark in Korat and asked for 300.000 baht, now 7 years later she still pay every month 7000baht and police are afraid to do something, because she has children and grandchildren.

Why don't you pay the remainder money back to the lenders ?

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These do seem very common in Thailand especially for people that have little money and probably don't calculate quire realise the amount of interest that is connected to their loan.

 

Or you can always add collateral, I know of one women in Hua Hin, works in real estate but also has numerous loans through sharks against her house and restaurant.

 

Potentially will lose it all if the debt is not serviced each year.

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1 hour ago, joskeshake said:

Police do nothing about such things, my wife went many years ago to such a loan shark in Korat and asked for 300.000 baht, now 7 years later she still pay every month 7000baht and police are afraid to do something, because she has children and grandchildren.

She also has a husband, why doesn't he do something?

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The majority of Thais find it difficult to live within their means. They find it impossible to resist buying things they cannot afford, and accordingly become indebted to loan sharks. They then spend a huge amount of their time hiding from those to whom they owe money. 

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Not a fan of loans sharks, but…

1) she sought their services. 
2) she was grateful to them for helping her out. 
3) she agreed to pay to a schedule. 
4) she did not keep her end of the deal. 
No sympathy for her. If loan sharking is illegal, she engaged willingly in the act, so police should not help her out. 

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19 hours ago, webfact said:

She said that she ran into financial difficulties what with having to look after her child and four relatives and having to meet 1,000 rent for her shop, 500-600 baht utility bills and costs of food for the restaurant each morning of 800-1000 baht.

 

So she borrowed 4,000 baht receiving 3,600 then had to pay 200 baht a day for 24 days.

 

When she ran into repayment difficulties she begged the gang to let her repay 100-150 baht a day but they refused.

She took the loan knowing what the repayment terms were.

She's trying to move the goalposts.

No sympathy.

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On 9/23/2022 at 3:49 PM, khunpa said:

What a great police force they got here!

big and brave of them eh..but then again they don't want to affect the flow of the envelopes now do they ..

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