They had that new home scheme for government employees and the new car scheme and some teachers did both. I have a teacher friend in Isaan who was doing fine living in a small house on her parents property and having a scooter. Now she's buried in the payment for a new house and car and even some furnishings. She's just a friend and has never asked for help although I did catch all of her payments up for her several months ago. She was buying furniture for the inside and landscaping for the outside and curtains etc. instead of making payments.

Welcome to the Western credit mentality.

Cheers

If you have a new job with permanent income and move to a new house you might need some investments in the beginning. Once the investments are maid you can start to pay back credit. What's wrong with that?

This is the whole point. they don't pay it back

Teachers are NOT well paid here. The thing they look forward to after living a life of denial is a monthly pension when they are old.

they get paid far more than hundreds of thousands labourers at 300 baht per day, or less.

Perhaps teachers are in debt because of the high cost of getting the job in the first place. My newly qualified step-daughter, after 5 (?) years of my paying her tuition fees, has been asked for 200,000 baht to secure a job in her local village school teaching kindergarten kids. I refused to pay and the alternative is a bank loan.

here is a better idea. how about the schools pay the teachers proper wages for the extremely difficult jobs they do. then they wont be in debt this much

Yu'p you could be forgiven for thinking that, but sadly you pay them more then they will just borrow more, then have cry to government to help bail them out.

Simple you borrow you pay back or you loose your house/car. that's called taking responsibility................................

They had that new home scheme for government employees and the new car scheme and some teachers did both. I have a teacher friend in Isaan who was doing fine living in a small house on her parents property and having a scooter. Now she's buried in the payment for a new house and car and even some furnishings. She's just a friend and has never asked for help although I did catch all of her payments up for her several months ago. She was buying furniture for the inside and landscaping for the outside and curtains etc. instead of making payments.

Welcome to the Western credit mentality.

Cheers

Spot on!

I think there are a lot of Thai's in this situation not just teachers.

Running around in their new cars and flashing the Visa/ Mastercard

to show everyone that they have made it.

Now they have a chance to loose it all after they have lost their employment.

Its has started already.

There are always optimists and pessimists. It's usually the optimists who make it.

If everything fails, then Thailand has an unemployment security.

I disagree. The pessimists can see the cracks. Optimists just paper over them.

You don't think that these people that can't repay their loans were optimistic about their ability to make the repayments in the first place?

@uty6543. You consider a 15 to 25000b a month salary as being a well paid profession. Then take all the extra costs associated with working at a school in Thailand where nothing is supplied by the school and therefore paid for by the teachers and students and their salary becomes ludicrous, the same as your post.

Perhaps teachers are in debt because of the high cost of getting the job in the first place. My newly qualified step-daughter, after 5 (?) years of my paying her tuition fees, has been asked for 200,000 baht to secure a job in her local village school teaching kindergarten kids. I refused to pay and the alternative is a bank loan.

Corruption.

Tell Prayuth and he will sort it.

When i went to my University and graduated it meant to me that i had the brain power to survive in life. Why do so many Thai teachers overspend. The government no helping there over spending but just prolonging the the true forcast that they will still not be able to pay or not worried about paying there debts in three years. Good luck Thai teachers!