Jump to content

Woman's 10,000 Baht Loan Spirals into 2.6 Million Debt


Recommended Posts

3 minutes ago, Korat Kiwi said:

Well pointed out... naturally photo is for reference purposes only. 

 

They can't even get that right! 

I think a lot of these stories are simply made up. Shame.

  • Agree 1
Link to comment
Share on other sites

1 hour ago, OneMoreFarang said:

didn't notice that some loan shark is operating at least for 12 years.

The same loan shark doesn't necessarily hold the loan for that long but sells/trades it to another shark.

  • Like 1
  • Agree 1
Link to comment
Share on other sites

14 hours ago, snoop1130 said:

The role of social media platforms in bringing such problems to the forefront illustrates a rising trend of digital communities rallying to support those in need.

It illustrates the public's frustration with police inaction and the public's knowledge of police corruption, realizing the police will only act if they are called out on social media.

  • Thumbs Up 1
  • Agree 1
Link to comment
Share on other sites

16 hours ago, snoop1130 said:

pexels-photo-6694965.jpeg

 

A woman, who 12 years ago borrowed 10,000 baht for her child's school fees, is now grappling with a massive 2.6 million baht debt due to interest. The lady acquired the loan from a loan shark for her child's education and has been paying an outrageous 10% daily interest rate for more than 10 years. When she's unable to make the daily interest payments, the amount is added to the principal, escalating the debt. Even though she has been regularly paying, the principal amount has surged to 280,000 baht, her daughter claimed.

 

The woman has sought help from a popular Facebook page, "Survive - Sai Mai Must Survive," to address this issue. Even though she signed up for a debt relief program, she has not received any meaningful help. Fearful of possible reprisals that echo violent incidents in news reports, she is hesitant to bring up the matter with the district office.

 

The family has also been dissuaded from seeking legal help due to threats from the loan shark. They tried reaching out to the police, but the loan shark physically confronted them, demanding immediate repayment of the 280,000 baht principal. This led them to seek guidance from the "Survive - Sai Mai Must Survive" Facebook page.

 

In response to their call for help, the Facebook page's administrators reached out to Police Colonel Parinya Thongma of the Pratunam Chulalongkorn Police Station, asking him to promptly look into the issue.

 

The administrators have asked the police to bring the loan shark for talks in a bid to secure a refund for the huge amount the mother has paid over the years. The aspiration is to stop the mother's sustained payments and possibly get back some of the steep interest paid.

 

While the situation's outcome is unsure, the case highlights the harmful effect of illegal money lending practices on individuals and families. The story emphasizes the necessity of pursuing legal assistance in harsh financial scenarios. The role of social media platforms in bringing such problems to the forefront illustrates a rising trend of digital communities rallying to support those in need.

 

File photo for reference only. Courtesy of Google

 

news-logo-btm.jpg

-- 2024-05-27

 

Get our Daily Newsletter - Click HERE to subscribe

I would like hire a Hitman in her Situation....Peng:stoner:

Link to comment
Share on other sites

5 hours ago, hotchilli said:

In my neck of the woods the loan shark wears a Brown uniform during the day-shift.


Green/camo in my neck of the woods.

  • Like 2
Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.


  • Topics

  • Latest posts...

    1. 350

      Introduction to Personal Income Tax in Thailand

    2. 25

      Molar implant in BKK?

    3. 0

      Experience Italy in the Heart of Bangkok at Don Pino

    4. 88

      I won't drink water without lime or lemon in it.

    5. 11

      Six Thai Police Officers Arrested in 300 Million Baht Fake Warrant Scam

    6. 678

      Deadlocked Between Trump and Harris in NBC News Poll as Election Approaches

    7. 10

      Silence Surrounds the Southport Attacks: A Narrative on Secrecy and Public Curiosity

  • Popular in The Pub


×
×
  • Create New...