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Bangel72

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About Bangel72

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  1. Have you registered as a lender? What rate was on the original contract? Have you broken any lender laws? they are fairly strict. Do they have the funds? Even if they find in your favour the payments are generally based on ability, so if they can only afford to reasonably pay 50baht a month that may be what is agreed but then the cycle starts again. Problem is their does not seem to be any criminal offence here, most of these harmful loans get backed by handing over collateral of some sort often land paper but that is also been cracked down on. You may even find yourself prosecuted as an illegal loan shark, swim away, swim away.
  2. Have you had any contact with his local mates, perhaps drinking buddies at his local? They may have some useful insight.
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