PUBLISHED : 23 Aug 2023 at 06:43
The Bank of Thailand affirms up to 80% of credit cardholders can repay their debt at the minimum payment rate of 10%, while the regulator prepares assistance measure to help consumers who cannot comply with the rule.
The central bank assessed there is a small number of credit cardholders unlikely to comply with the minimum card payment rules once they return to regular rates.
Roughly 70-80% of credit cardholders are able to repay debt at a minimum payment rate of 10% of the balance per month, said the central bank’s assistant governor for supervision Suwannee…
