Thailand leads debt negotiation campaigns until January next year

The Thai government has declared 2022 to be the year for household debt settlement, as the country’s household debt per GDP reaches 90.1%.

A series of debt trading fairs organized by the Bank of Thailand and the Ministry of Finance kicked off on Friday, with the first event being held at the IMPACT Muang Thong Thani exhibition center.

The Thai government has declared 2022 to be the year for household debt settlement, as the country’s household debt per GDP reaches 90.1%. The government previously offered debt negotiation events, with the previous campaign including 78 events commissioned by the Ministry of Justice. This campaign was able to help 72,331 debtors.

The Bank of Thailand and the Ministry of Finance are hosting the current campaign, which runs by January next year. The campaign offers consulting services to customers of credit cards, personal loans, auto loans, nano finance, and agriculture and business loans.

Services offered will focus on reducing the burden of existing debt through restructuring and negotiating repayment terms, promoting additional income through additional employment, and helping the general public gain knowledge of financial management. .

About 60 financial institutions now offer trading services at this event, as well as special loans that can help debtors maintain liquidity.

The first event in the series of debt talks takes place from Friday to November 6 at Hall 5, IMPACT Muang Thong Thani. (NNT)

The first event in the series of debt talks takes place from Friday to November 6 at Hall 5, IMPACT Muang Thong Thani.


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