How do foreigners find loansharks in Bangkok

[benjamin0909]

Hi all. I've been living in Thailand for 3 years now alone. I recently had some problems and I'm trying to get a small loan that would I would be able to return with interest within a month. Would greatly appreciate anyone who could advise me on this. Thank you. Cheers!

[HeijoshinCool]

Even if you could, and you can't, you really, really don't want to go there.

Don't you have options? Family? Friends?

[simple1]

Thai loan sharks lend on a daily interest rate of about 2%, paid daily. Do not go down this path...

[benjamin0909]

I know it's not a good idea to get to a loanshark. But I don't have any other choices. I used to have lots of friends over here. But when I had a bad period of time months back, 'friends' I had before all disappeared. Tried asking them for a loan and everyone has their own reasons. I do not even know where to find a loan shark. I do not have any family. They are not around anymore. Im 24. Please kindly help me out on any advise or ways I could solve my problems. Thank you all

[stoneyboy]

Flag down any two males riding a cbr 250 cc motorbike or similar.

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[Marcel1]

just out of interest, how much are you talking about? otherwise pm me I might know more decent solutions than sharks

[GrantSmith]

Take a trip down to Pattaya and look for a big kiwi bloke by the layman name of Carcharodon carcharias

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[HeijoshinCool]

A. You are 24, in Thailand on what, overstay?

B. What are your plans with the money?

[benjamin0909]

I would prefer finding out solutions in bangkok. I live in the Ngamwongwan area. I've never seen any guys on bikes as you mentioned around my area though. My plans with the money is to use it to work, I need to get my life back up. Thank you all. I appreciate it very much.

[HeijoshinCool]

How do you use money to work?

[benjamin0909]

How do you use money to work?

I work online sir. I am gonna use it to buy thai buddhist amulets and sell it over to Singapore and Malaysia where there is a great market for it. And I can make a nice,tidy profit.

[HeijoshinCool]

How do you use money to work?

I work online sir. I am gonna use it to buy thai buddhist amulets and sell it over to Singapore and Malaysia where there is a great market for it. And I can make a nice,tidy profit.

Are you on overstay?

[benjamin0909]

How do you use money to work?

I work online sir. I am gonna use it to buy thai buddhist amulets and sell it over to Singapore and Malaysia where there is a great market for it. And I can make a nice,tidy profit.

Are you on overstay?

Yes sir. The truth I am. I do not have anywhere else I can go.

[Satcommlee]

Nobody will lend you money and let you keep your passport!

Think to yourself, would you lend a foreigner money when you could simply be paying for his flight home never to be seen again.

What sort of money are you talking about? Loan sharks are a very very bad idea, do you have anything you could pawn instead?

[benjamin0909]

I know that sir. I could let them hold on to it. Even show the condo that I'm staying at or something. As a proof. I'm just looking at a loan of 40-50,000 baht to be returned in a month to 8 weeks.

[kevozman1]

I am sure there is not many people/businesses out there willing to loan a tourist money with I am assuming zero assets to speak of. Only sensible option I can give you is to loan from a friend or family member if you are so sure you can make the repayments. 40-50k baht is not too much.

[ToddWeston]

I thought you needed an export licence to ship religious images abroad ?

[benjamin0909]

I thought you needed an export licence to ship religious images abroad ?

Nope. You don't have to. There are websites where people get buddhist amulets personally from temples or shops and post it online. And just ship it out if someone shows an interest to buy it.

[PeterSmiles]

Flag down any two males riding a cbr 250 cc motorbike or similar.

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What he gonna do with 2 English teachers ?

[Satcommlee]

I know that sir. I could let them hold on to it. Even show the condo that I'm staying at or something. As a proof. I'm just looking at a loan of 40-50,000 baht to be returned in a month to 8 weeks.

That 40-50'000 baht will be a daily interest payment of 800 to 1000 baht a day and that's without even paying back the actual loan.. You are unlikely to get that sort of return on selling Amulets, feed yourself and pay your expenses.

You are in a vulnerable situation on overstay, have you heard of the Immigration Detention Center in Bangkok? I think it may be time to consider your real options carefully..

People can get in so much trouble when they run out of money in Thailand, and on overstay you have absolutely nobody to turn to not the police/hospitals or anything like that, they'll lock you up.

The loan sharks would love knowing you are on overstay too - They'll have you turning to crime to pay them back.

You wont be clearing your immediate problem (Overstay) without a passport either.

Many call it living the dream staying in Thailand but when the money runs out it's a living nightmare.

Edited October 24, 2013 by Satcommlee

[BngkkB]

Why not go to the amulet dealers, tell them you can help them sell the amulets at no charge to them. Take pictures of the amulets and post the pictures online with your asking price. When you get a buyer set up the transaction with you as the middle man. Get your asking price from customer and commission from dealer. Dealer or you post the amulet to buyer. You have the contacts and the web knowledge, the dealer has the amulets and the customer has the money. No loan shark, no fuss no muss.

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[BngkkB]

Meant to say no up front charge to them. First one or two sales no commision either just the mark up to you. Then after the first few sales, ask for commission.

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[rwdrwdrwd]

Why not go to the amulet dealers, tell them you can help them sell the amulets at no charge to them. Take pictures of the amulets and post the pictures online with your asking price. When you get a buyer set up the transaction with you as the middle man. Get your asking price from customer and commission from dealer. Dealer or you post the amulet to buyer. You have the contacts and the web knowledge, the dealer has the amulets and the customer has the money. No loan shark, no fuss no muss.

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Good plan, basically it's dropshipping and your only cost is the time to do the marketing. If it doesn't work out, you have no stock to pay for and no debts to pay. If it does, you get the commission and you didn't need to pay interest on a loan. You do not need to buy stock for the business you describe - you are the middle man.

Don't look for a loan shark, you could end up with some very, very serious problems. Guaranteed they will set you up for a scam if you use it to buy stock ('my friend is interested in your amulets'), and put you well into the hole.

Edited October 24, 2013 by rwdrwdrwd

[wooloomooloo]

Over stayer, no money, loan sharks, Buddhist amulet business and need money to work, twenty-four years old and little idea.

Which bit are we meant to attack?

[NeverSure]

Over stayer, no money, loan sharks, Buddhist amulet business and need money to work, twenty-four years old and little idea.

Which bit are we meant to attack?

The fact that he's already burned everyone he knows and his bridges, and now he's looking to strangers.

[soundman]

Loan sharking is illegal. As such asking for advice on illegal topics is not allowed on our forums. Maybe the OP should look for a pawn shop.

Closed.