loan sharks

Loan sharks in the North East are forcing multiple people to sign over their land driving them to commit suicide after not being able to pay loans back

A resident from Nakhon Phanom has reported neighbours hanging themselves due to financial difficulties.

Another was forced sign over her land after borrowing over 130,000 baht, her contract initially was to pay monthly interest until the full amount was paid.

Many victims of loan sharks traveled to Bangkok to submit complaints to the ministry of justice department who have promised to assign specialists to help them.

A loan shark is somebody who offers loans at extremely high interest rates, they are known to enforce repayment by blackmail, threats or violence.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.