The Ministry of Interior has today kicked off the government’s ambitious plan to tackle the chronic informal debt problem affecting countless Thai people, especially low income-earners, by accepting applications for help from debtors.

 

Provincial halls and district offices throughout the country are now open from 6am until 11pm to enable informal debtors to register in person and will remain so until February 29t. Debtors can also register online, by logging into https://debt.dopa.go.th to download the ThaID application to their smartphones, to enable them to scan the QR code to confirm their identity, and then providing the required information.

 

In case debtors are unable to register through the online channel or in person, they can contact the hotline number 1567.

 

Full story: Thai PBS 2023-12-01

 

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I guess the government and banks have suddenly realised the amount of money lost to loan sharks by not allowing poor people have a loan?

1 hour ago, hotchilli said:

I guess the government and banks have suddenly realised the amount of money lost to loan sharks by not allowing poor people have a loan?

If all the " informal " Loans were dealt with and consolidated to be included into the amount of Household Debt to GDP Rati, that ratio would not be anything like the 01 % published

The figure would be closer to 150 % of GDP IMHO

The joke is just like people that get consolidated loans for CC as soon as they need money for something they will be back in debt to sharks.

 

No different than borrowing from HFC or AVCO.

 

People that fat bailed out will keep doing it because daddy will keep bailing them out.

 

Also if the government is going to underwrite the loans more people will get involved 

Thai Tom Selleck is on the case.