Thai Government to Crackdown on Illegal Lending Practices

PRESS RELEASE:

BANGKOK (NNT) – The government has intensified its efforts against illegal loans and loan sharks, prioritizing them as national issues. Prime Minister Srettha Thavisin has described such lending practices as equivalent to “modern-day slavery” and is focused on eliminating them to improve public welfare.

Debtors impacted by these illicit loans can seek assistance through the Damrongtham Center hotline at 1567 or local district offices until February 29. Already, 75,199 people have registered for help with debts totaling around 3.82 billion baht.

The Royal Thai Police (RTP) and the Office of the Prime Minister have established hotlines (1599 and 1111, respectively) to report loan sharks. Complaints will be promptly addressed, allowing for immediate police action.

The government’s strategy also includes mediation between debtors and lenders to reach fair settlements. These agreements, monitored by the Interior Ministry, will focus on feasible repayment terms. The Prime Minister’s Office will oversee these arrangements; unresolved cases may lead to legal action.

Minister of Interior, Anutin Charnvirakul has also warned lenders against preventing debtors from accessing this support and noted that vandalism or retaliatory actions would only lead to more severe legal consequences.

The preceding is a press release from the Thai Government PR Department.

Goongnang Suksawat
Goong Nang is a News Translator who has worked professionally for multiple news organizations in Thailand for many years and has worked with The Pattaya News for more than four years. Specializes primarily in local news for Phuket, Pattaya, and also some national news, with emphasis on translation between Thai to English and working as an intermediary between reporters and English-speaking writers. Originally from Nakhon Si Thammarat, but lives in Phuket and Krabi except when commuting between the three.