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Monday, April 29, 2024

Online loan scam drags young Thai woman into 2.6 million baht debt

Picture courtesy of 3Plus News

A 26 year old vendor found herself entangled in an online loan scam after losing her job and seeking funds for investment. Bee, from Nakhon Phanom’s Pla Pak district, expressed her ordeal through media outlets, warning society about the risks of falling prey to online loan scams.

She initially borrowed 30,000 baht via an online application but was left with only 20,000 baht after the deduction of advanced interest. Despite repaying the first loan promptly, She fell into financial difficulties after her second loan, which led her to borrow from different online lenders over a span of two to three months.

She initially saw an opportunity to borrow money online via a Line application and decided to inquire about the details. After providing her identification card information, address, and mobile phone number, she was approved for her first loan of…

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