Government House, "Thawee Sodsong" reveals additional amendments. Special Cases Act orders "DSI" to prepare to go after creditors granting more than 50 loans or 30 million baht. "Pol. Gen. Kitirat" reduces interest on civil servants. To have a salary remaining of 30% after deducting the loan from the savings cooperative. "Kittirat" explains that credit cards charge more than 15% interest in addition to the 3% penalty. He believes that credit card interest can be reduced.

Mr. Kittirat Na Ranong, Advisor to the Prime Minister As the chairman of the committee overseeing the resolution of the debt of small-scale citizens, together with Pol. Col. Thawee Sodsong, Minister of Justice and Police General Kittirat Panphet, Deputy Commissioner of the Royal Thai Police. Had the 2nd meeting of the committee.

Pol. Col. Thawee Sodsong spoke about the ministry's support for debt resolution, saying that it helps solve the problem of informal debt. By amending the Act prohibiting the collection of interest in excess of the rate of 2017 by prohibiting the collection of interest in excess of 15 percent per year, along with additional amendments to include the problem of informal debt in the Act on the Investigation of Special Cases of 2004 by natural persons who lend in excess. More than 50 companies, or with a lending value exceeding 30 million baht, are assumed to be external debt networks. Ready to order the Director-General of the Department of Special Investigation He is the director of the center for helping debtors who have been unfairly treated. Cooperate with the Royal Thai Police Using methods to investigate foreign debt networks. In addition, the Ministry of Justice has a Witness Protection Office to help debtors together with the government.

As for the debt problem in the Legal Execution Department that is worrisome, Pol. Col. Thawee said that the total debt value is almost equal to the GDP of the country, with most of the debt belonging to financial institutions. and debt from the Student Loan Fund (SLF), which has repealed old laws and regulations The debt must be recalculated to pay principal, interest, and penalties totaling no more than 1.5 percent.

As for the issue of credit card debt, Pol. Col. Thawee said that normally it has a statute of limitations of 2 years. The expensive law states that The debtor has the right to lift the statute of limitations on the date of filing the lawsuit. This requires understanding the rights of citizens not to have their homes or assets seized. As for car leasing debt, if the car is returned If you refuse to give it back, you will have the office place assets in to help.

Deputy Commissioner of the Royal Thai Police Referring to solving the debt problem of civil servants, he said that the deduction of debt from civil servants' salaries from welfare loans should not exceed 30 percent of their salary. The meeting resolved to reduce the interest rate. causing government officials to bear less debt It is believed that 1 in 3 civil servants will be able to pay off their debts. If the remaining salary is less than 30 percent after deducting the debt, even though the interest has been reduced, method 2 will be used to extend the principal payment period until the age of 75 in order to reduce the principal payment. And if the deduction does not leave less than 30 percent of the salary, the third method will be to grant a special loan. or loans from their own loan funds sent to savings cooperatives And finally, if there are problems, consideration will be given to solving them individually. After today's meeting, there will be concrete results in January 2024. However, there must be coordination of cooperation with the Comptroller General's Department.

Mr. Kittirat Explain the case Credit card debt that Prime Minister Settha Thavisin said had an interest rate not exceeding 15 percent, according to the law, that the debt has an interest rate according to the original agreement of not exceeding 15 percent and a penalty not exceeding 3 percent due to credit card debt. If there is a high risk, a penalty will be added. It is believed that credit card interest rates can be reduced further.

Source: Thai News Agency