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Hat Yai Car Rental Owner Outraged by Relentless Debt Collection, Loan of 780,000 Baht Skyrockets to 2.8 Million Baht
A car rental business owner in Hat Yai, Thailand, has filed a police report against creditors due to relentless debt collection. The initial loan of 780,000 Baht has allegedly ballooned to 2.8 million Baht due to interest and fees. The owner claims the interest rates and collection methods are unfair.
A car rental business owner in Hat Yai, Songkhla province, southern Thailand, has filed a police report against creditors due to relentless debt collection. The owner, speaking to MGR Online (South) on September 9, 2023, stated that an initial loan of 780,000 Baht has now ballooned to a total repayment of 2.8 million Baht. The owner claims to be forced to pay an amount far exceeding the original loan due to high interest rates and unfair collection methods. This case highlights some of the economic challenges faced by small businesses in Thailand, particularly concerning high-interest loans and debt recovery. Further details regarding the exact circumstances and loan terms are awaited. Source: MGR Online (South)
Original source
MGR Online (South)