Debt aid scheme directed at credit cards, personal loans
BoT adds consumer loan solutions
The Bank of Thailand (BoT) has added consumer loan solutions to cover debtors involved with the legal system through an online debt mediation scheme.
The new debt aid scheme is designed for credit card and personal loan products, covering all different statuses of repayment including performing loans and non-performing loans (NPLs).
The scheme aims to shield borrowers from their loan repayment liabilities turning into NPLs, as some borrowers are short on cash.
The scheme also helps borrowers in the NPL category who are on the verge of, or have already entered the litigation process.
In addition to the debt mediation scheme, the central bank has tw…
Read the full article at: https://www.bangkokpost.com/business/2066187/debt-aid-scheme-directed-at-credit-cards-personal-loans