“BOT” to forge ahead with sustainable measures to solve household debt Set up 4 debt groups to urgently fix bad debts, chronic debts, new debts, informal debts, focusing on resolving chronic debts of 500,000 accounts worth more than 300 billion baht, opening an expressway, negotiating with creditors, reducing interest rates to 15%, closing debts within 5 years, hoping for cooperation from all sectors. Join to fix the household debt down to 80%. Accepting is not easy, it may take more than 2-3 years.
Mr. Rondon Numnonda, Deputy Governor for Financial Institutions Stability, revealed that according to the Bank of Thailand (BOT) has published documents “Sustainable Household Debt Solution” (Directional Paper) in February 2023 to reflect in-depth information on Thai household debt and communicate principles for solving debt problems that must be done comprehensively and accurately. This takes time and requires cooperation from all sectors. It can be seen that since 2020, most of the BOT measures have focused on helping debtors affected by the COVID-19 epidemic. And when the situation was resolved, the BOT therefore adjusted its measures to focus on resolving long-term debt in line with the debtor’s problematic situation and ability to repay debt.
Currently, the economy is gradually recovering clearly. As a result, the debtor’s income began to improve. While the income of some groups of debtors is still slow to recover, the BOT has therefore issued measures that are appropriate to the economic situation in order to manage household debt in a more targeted and sustainable manner. It will raise the standard of credit lending business to debtors. since before debt going into debt during debt When debt is a problem And when selling / suing for debt, including
(1) Bad debts can be resolved.
(2) Chronic debt: there is an option to close the debt.
(3) new debt to ensure quality that will not become a problem in the future, and
(4) informal debt to have more opportunities to borrow from the formal system
We are financial advisors providing advice on risk management, wealth management, life insurance, life insurance, mutual fund investment. Both domestic and international debt instruments around the world Tax planning, insurance, with a team of professionals with a lot of experience that will lead you to success.
Interested in working with us to prepare yourself to become a professional financial advisor immediately?
:
E: moneyandwealthplus@gmail.com
T: 063-282-3651
Integrate our communication channels
