Pattaya loan sharks reportedly kidnap and attack 21-year-old female debtor

[snoop1130]

 

A 21-year-old victim alleged she was kidnapped by four loan sharks and physically assaulted for not being able to repay her debt.

 

The young victim, Ms. Tasneeporn Youngram, a Surin native, filed a police report at the Pattaya police station on Monday, November 27th, at 5:00 PM. Tasneeporn suffered bruises and scratches on her lips, hands, and limbs, according to police.

 

Tasneeporn alleged to the police that she was forced into a car by four loan sharks after she failed to repay 35,000 baht that she had borrowed from them. The victim encountered the loan sharks in Soi Paniad Chang in Banglamung, Chonburi.

 

Full Story: https://thepattayanews.com/2022/11/29/pattaya-loan-sharks-reportedly-kidnap-and-attack-21-year-old-female-debtor/

 

-- © Copyright The Pattaya News 2022-11-29

 

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[Berkshire]

This girl is seriously playing with fire.  She borrows 35k from loan sharks, won't pay it back, and now involves the police?  Not going to end well.

[billd766]

I have no idea of the going rate the loan shark use nowadays, but back in the mid 1990s it was 20 baht per 1,000 loaned, per day.

 

If it was not repaid the next day it was 1020 baht plus interest etc.

 

35,000 baht even at those old rates is 35,700 baht and going up daily.

Edited November 29, 2022 by billd766
added extra text

[edwinchester]

14 minutes ago, billd766 said:

I have no idea of the going rate the loan shark use nowadays, but back in the mid 1990s it was 20 baht per 1,000 loaned, per day.

 

If it was not repaid the next day it was 1020 baht plus interest etc.

 

35,000 baht even at those old rates is 35,700 baht and going up daily.

Here in the village interest rates can be between 2 and 7 percent for large loans of thousands of bht over many months. For the old ladies borrowing 100 bht a day then they are required to repay between 130 and 150 bht the next day.

Edited November 29, 2022 by edwinchester

[steven100]

39 minutes ago, Berkshire said:

This girl is seriously playing with fire.  She borrows 35k from loan sharks, won't pay it back, and now involves the police?  Not going to end well.

absolutely correct ....  she's not very smart in going to the police.  What's the chances of her going missing soon .....   imo. 

[RichardColeman]

Sorry I do not believe a word of this story . You would not go to the police and say you have been assaulted and then withhold this information ! The sharks - if they existed - would get you merely for going there and potentially giving the names ! To me, probably an influencer that fell drunkenly over and looking for more followers 

 

Tasneeporn told police she, in fact, knew the loan sharks but refused to reveal their identities to the press for her own safety.

[sammieuk1]

Utter scum jail them all including the uniformed ones ????

[BritScot]

So stupid. What was she expecting? Young woman borrowing money and not paying it back. She is now in big trouble. 

[billd766]

2 hours ago, edwinchester said:

Here in the village interest rates can be between 2 and 7 percent for large loans of thousands of bht over many months. For the old ladies borrowing 100 bht a day then they are required to repay between 130 and 150 bht the next day.

That is expensive.

[BangkokReady]

2 hours ago, RichardColeman said:

Tasneeporn told police she, in fact, knew the loan sharks but refused to reveal their identities to the press for her own safety.

She may have told the police their identities.

[Thomas KH]

Reminds me of a notorious loanshark system in the Philippines called 5-6. For every 5 borrowed, the debtor pays back 6 within a month. This translates to an interest rate of 20%. Per month.

 

Borrow 1000 = pay back 1200

10K = 12K

100K = 120K

etc

 

Edited November 29, 2022 by Thomas KH

[Phnom Penh Trader]

She will probably work off the debt in another way,TiT?

[OneMoreFarang]

Loan sharks are a big problem in Thailand. And most people don't go to the police because they know that many loan sharks are connected to the police.

 

I am not sure if she is brave or stupid to go with this to the police. But in general it would be good for Thailand if more people would stand up against loan sharks.

 

Obviously it's stupid to borrow any money from them at all. But we are all allowed to make a stupid mistake from time to time. She, and all those other loan shark victims, should get fair conditions to pay the money back.

[jack7106]

Might help if she sells that gold necklace for a starter????‍♂️????????????????

[mikebell]

Sleep easy now - Pattaya Plod will be questioning everyone at the station to check their alibis hold up to scrutiny.

[Classic Ray]

This is sadly a reflection on the unavailability of accessible loans at reasonable rates within the banking system and the current parlous state of Thailand’s lower classes after Covid destroyed their income.

 

With no welfare state providing any safety net of benefits, and uncontrolled credit card spending/debt, many people are forced into the unregulated sector to survive.

[steven100]

17 minutes ago, jack7106 said:

Might help if she sells that gold necklace for a starter????‍♂️????????????????

and after that she can work night shift with the customers at the local for a couple of weeks and she will have enough to pay them back. 

[jacko45k]

54 minutes ago, OneMoreFarang said:

Loan sharks are a big problem in Thailand. And most people don't go to the police because they know that many loan sharks are connected to the police.

 

I am not sure if she is brave or stupid to go with this to the police. But in general it would be good for Thailand if more people would stand up against loan sharks.

 

Obviously it's stupid to borrow any money from them at all. But we are all allowed to make a stupid mistake from time to time. She, and all those other loan shark victims, should get fair conditions to pay the money back.

Bit of a contradiction to expect loan sharks to start offering fair repayment plans and refinancing schemes. Like drug pushers, they want their customers to get themselves in deep. 

[tandor]

12 hours ago, RichardColeman said:

Sorry I do not believe a word of this story . You would not go to the police and say you have been assaulted and then withhold this information ! The sharks - if they existed - would get you merely for going there and potentially giving the names ! To me, probably an influencer that fell drunkenly over and looking for more followers 

 

Tasneeporn told police she, in fact, knew the loan sharks but refused to reveal their identities to the press for her own safety.

agreed....methnks made up the abduction story and self inflicted the injuries, because her b/f found out she has a big debt. 

[OneMoreFarang]

1 hour ago, jacko45k said:

Bit of a contradiction to expect loan sharks to start offering fair repayment plans and refinancing schemes. Like drug pushers, they want their customers to get themselves in deep. 

They should be forced to do that. Or they should go to jail.

And obviously that won't happen in Thailand anytime soon.

[brianthainess]

Lucky she didn't get a gun pointed in her face, one is left to wonder why she needed 35k in the first place ? 

IMO  I wouldn't rule out gambling as it seems the norm here.

[Cake Monster]

13 hours ago, billd766 said:

That is expensive.

These short term high interest Loans are usually for Gambling habits

[hotchilli]

17 hours ago, snoop1130 said:

Tasneeporn alleged to the police that she was forced into a car by four loan sharks after she failed to repay 35,000 baht that she had borrowed from them.

A loan is a loan... not a gift.

[d4dang]

the Thai Chinese lenders would lend 10,000 Baht then take the interest off the top so you would get 8,000 Baht cash with interest at 20% per month for the 10,000 Baht. Same deal for larger loans. Missed instalments increased the debt. The casino rates were about the same.

Edited November 30, 2022 by d4dang
grammar

[d4dang]

5 hours ago, steven100 said:

and after that she can work night shift with the customers at the local for a couple of weeks and she will have enough to pay them back. 

she's cute...maybe a month

[jacko45k]

3 hours ago, OneMoreFarang said:

They should be forced to do that. Or they should go to jail.

And obviously that won't happen in Thailand anytime soon.

Not in our lifetimes!