How to Avoid Falling into the Trap of Informal Debt with High Interest Rates in 2024 – Household Debt Trends Revealed!
“Informal debt” with high interest rates for those who want to borrow money You need to know this in time Before you get stuck in the debt trap until you could see a way out “The accumulation of debt upon debt” does not it’s a solution: the more you have to pay, the more it […]
Rise of Virtual Banks: Transforming Thailand’s Financial Sector
In addition, companies that will provide Virtual Bank services must have expertise in three areas: banking, digital technology, and customer behavior analysis data. to have access to full financial services Focus on financial services for Groups without regular income and small and medium businesses, groups that do not receive adequate financial services (Unserved) Groups that […]
Government Savings Bank and BAAC Offer Special Loans Outside the Financial System: Eligibility, Criteria, and Conditions
Open conditions and criteria for registration to settle debt outside the system From Government Savings Bank and BAAC, credit limit 20,000 baht, fixed interest rate 1%. On December 25, 2023, journalists reported that by the government resolution Agreed that specialized financial institutions Implement credit measures to help and accommodate debtors outside the system. According to […]
Results of Debt Registration by Ministry of the Interior: Find Out Which Provinces Registered the Most and Least
Photo by Mikhail Nilov on Pexels Permanent Secretary of the Ministry of the Interior reveals the results of registration to resolve debts outside the system, the system has been complete for 23 days, mediation has been successful in 324 cases, the total debt has been reduced by 103 million, 107,625 people registered, total debt is […]
Ministry of the Interior Debt Resolution Update: Over 100,000 People Registered, Process Successful in 324 Cases
Photo by Mikhail Nilov on Pexels Permanent Secretary of the Ministry of the Interior reveals the results of registration to resolve debts outside the system, the system has been complete for 23 days, mediation has been successful in 324 cases, the total debt has been reduced by 103 million, 107,625 people registered, total debt is […]
Thai Cabinet Approves 4,900 Million Baht Budget to Resolve SME and Informal Debt from COVID-19
The Cabinet has approved a budget of more than 4,900 million baht to resolve SME debt and informal debt caused by COVID-19. On 19 December 2023 at Government House, Mr. Settha Thavisin, Prime Minister and Minister of Finance, gave an interview after the cabinet meeting where the cabinet gave approval on the debt issue. is […]
Ministry of Interior Debt Resolution Registration Results: Provinces with the Most and Least Enrollments Revealed
Permanent Secretary of the Ministry of Interior reveals registration results for debt resolution outside the system, the system is complete for 18 days, the debt amount is 6,085 million baht, more than 100,000 people have registered . Check which provinces recorded the most and the least in the top 5. On December 19, 2023, Mr. […]
Mr. Suthipong Chulcaroen, Permanent Secretary of the Ministry of Interior Reveals Register to Solve Debt Problems Out of the System
Mr. Suthipong Chulcaroen, Permanent Secretary of the Ministry of Interior Revealing theRegister to solve debt problems out of the system This is the 16th day since registration opened. According to information from the Investigation and Legal Affairs Bureau, Provincial Administration Department, the total debt was 5,799.346 million baht as of 3.30pm. 97,803 people had registered, […]
Suthipong Chuncharoen: Results of Debt Settlement Registration Revealed by Interior Ministry’s Permanent Secretary
Suthipong Chuncharoen The Permanent Secretary of the Interior reveals the results of registration to settle debt outside the system. The system is complete in 16 days. The debt is 5,799 million baht. 97,000 people registered. Check which provinces registered the most and least in the top 5. On December 17, 2023, Mr. Suthipong Chulcaroen, Permanent […]
Thai Prime Minister Settha Thavisin Addresses Informal Debt Crisis at Daily News Talk 2023 Event
The Prime Minister Addresses Informal Debt Issue at Daily News Talk 2023 Event During the Daily News Talk 2023 event, Prime Minister Settha Thavisin highlighted the significant impact of informal debt on Thai society, branding it as a precursor to the country’s crime problem. He emphasized the need to establish Key Performance Indicators (KPIs) in […]
