Police crack down on creditors outside the high-interest system

Maha Sarakham, Maha Sarakham Police Crackdown on 2 informal creditors accepting car pawns at high interest rates Most students pawn their parents' motorcycles. Maha Sarakham Provincial Police held a press conference to crack down on capitalist groups. or groups of creditors outside the system After requesting approval for a search warrant, cars and motorcycles were seized. and loan contract documents from two networks of informal debt capitalists in the area. The behavior of this process moneylender capitalist It allows the debtor to use a car or motorcycle as collateral for the loan. It was found that most of the motorcycles were owned by students. Pawned in a pawn form, you will get approximately 5,000-10,000 baht per vehicle. The name of the motorcycle owner is mostly the parents. As for cars, you'll get around ten thousand baht, not more than fifty thousand baht. Most interest rates are around 10 percent per month. Both networks have now been taken to legal action and have been extended to those involv ed. Source: Thai News Agency