Has anyone ever seen a Car Repo Vehicle here.?. In the U.S. you saw them everywhere.

It seems to me that Thai banks want you to keep your car even you can pay or not. If you miss payments they will embarrass you every way they can. They will call everyone even at your office and if you don't have a job you probably have cosigner...they will also do the same thing with that person. In the end to save face someone will come up with something someway. Once this happen your bad credit is set for life no matter what or how you settle with creditor. And forget about credit bureau record...they will take you out from join performing loan...but they won't take your name out and any creditor have access to your century-old record. In US they clean up your record completely once you become new man. LOS set you up like a convict for life.

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It seems to me that Thai banks want you to keep your car even you can pay or not. If you miss payments they will embarrass you every way they can. They will call everyone even at your office and if you don't have a job you probably have cosigner...they will also do the same thing with that person. In the end to save face someone will come up with something someway. Once this happen your bad credit is set for life no matter what or how you settle with creditor. And forget about credit bureau record...they will take you out from join performing loan...but they won't take your name out and any creditor have access to your century-old record. In US they clean up your record completely once you become new man. LOS set you up like a convict for life.

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Completely wrong.

After about ten years you get a absolutely clean record.

You are right after 10 years you get clean record but banks doing keep their own. I am not talking about credit bureau!

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What promted my post is that ive never seen or heard of a Repo here, or seen a Repo Truck, yet Stateside you see em everyday, Must be more rich over here.

What promted my post is that ive never seen or heard of a Repo here, or seen a Repo Truck, yet Stateside you see em everyday, Must be more rich over here.

Don't recall seeing them anywhere but the US.

Someone is doing repo's as here is a financier auction for this coming Wednesday.

http://www.manheim-asia.com/auction.aspx?auction=X1FB451

Someone is doing repo's as here is a financier auction for this coming Wednesday.

http://www.manheim-asia.com/auction.aspx?auction=X1FB451

Interesting Link.

Dam-n, the repo-car is up for sale:

http://www.manheim-asia.com/vehiclephotos.aspx?v=1114302

Dam-n, the repo-car is up for sale:

http://www.manheim-asia.com/vehiclephotos.aspx?v=1114302

Nah not the repo vehicle, they do not exist apparently.

The sign across the windscreen is for an Insurance Company.Perhaps its a basic wrecker.Still aint seen a Book n Hook.