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How do foreigners find loansharks in Bangkok

benjamin0909

By benjamin0909
in Bangkok

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benjamin0909 Rookie Member

benjamin0909

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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

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benjamin0909 Rookie Member

benjamin0909

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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.

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benjamin0909 Rookie Member

benjamin0909

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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.

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Satcommlee Gold Member

Satcommlee

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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?

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kevozman1 Silver Member

kevozman1

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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.

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Satcommlee Gold Member

Satcommlee

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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 by Satcommlee
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BngkkB Advanced Member

BngkkB

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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.

Sent from my GT-P3113 using Thaivisa Connect Thailand mobile app

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rwdrwdrwd Silver Member

rwdrwdrwd

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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.

Sent from my GT-P3113 using Thaivisa Connect Thailand mobile app

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 by rwdrwdrwd
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NeverSure Star Member

NeverSure

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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.

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