110,000-Plus Debtors Point Finger At Over 81,000 Loan Sharks

[webfact]

 

 

A TOTAL OF 110,000-PLUS people have so far claimed to owe a combined seven billion baht in illicit debt to 81,000-plus loan sharks in all provinces of the country, a senior government official said yesterday (Dec.26).

 

Sutthipong Chulcharoen, undersecretary of the Ministry of Interior, confirmed that 110,531 people have informed the authorities since Dec.1 of the illicit debt which they have separately claimed to currently owe to 81,073 illegal money lenders.

 

Of the total of these indebted people with a combined 7.04 billion baht in illicit debt, 96,002 have notified the authorities online whilst 14,529 others have done so in person at district offices and police stations in all provinces nationwide.

 

By Thai Newsroom Reporters

A graphic image of getting help by Mohamed Hassan from Pixabay

 

Full story: THAI NEWSROOM 2023-12-27

 

- Cigna 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.

 

Get our Daily Newsletter - Click HERE to subscribe

[2baht]

Oh please! Come on! Where's the pointing photo??? Opportunity lost! We love a good pointer! 

[fondue zoo]

New Official Announcement

This was a bad idea, we can't fix it, 81000, sht, this initiative is over.

_Love,

_{The Guv}

 

[mikebell]

6 hours ago, webfact said:

81,073 illegal money lenders.

How many are cops?

[KhunLA]

Always someone else's fault.  If you can't afford the payment schedule, don't accept the loan.

 

Learn how to live within your means.   If you can't pay cash (except house purchase), then you probably can't afford to buy it now. 

 

Uncommon common sense.

[Iron Tongue]

81,000 loan sharks couldn't possibly survive with just 110,000 debtors.  I wonder what the actual amount of debtors there are in LoS.

[GregBow]

2 hours ago, mikebell said:

How many are cops?

Sure they are behind the big heavy provincial operations

[hotchilli]

4 hours ago, fondue zoo said:

New Official Announcement

This was a bad idea, we can't fix it, 81000, sht, this initiative is over.

_Love,

_{The Guv}

 

But the rhetoric will continue.

[Andycoops]

4 hours ago, Iron Tongue said:

81,000 loan sharks couldn't possibly survive with just 110,000 debtors.  I wonder what the actual amount of debtors there are in LoS.

With the average household debt running into the 100s of thousands of baht, I would expect it could be 100s of thousands of people or more...

[freeworld]

Don't know why there are not policies in govt to make loans available at reasonable interest rates from official financial institutions and limit what the loans can be used for to help these people rather than them going to loan sharks.

Edited December 27, 2023 by freeworld

[bamnutsak]

In other news...

 

81,000 loan sharks are seeking retribution against 110,000 plus debtors for ratting them out to the government.

 

 

 

 

Snitches get stitches.

[bamnutsak]

1 hour ago, Andycoops said:

I would expect it could be 100s of thousands of people or more...

 

Yeah, you figure it's got to be in the high end of the 1 Million to 10 Million range.