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Short term loans in Thailand
I’m curious, is it common in Thailand to take out loans from non-banking entities (i.e. loan sharks) where the terms are things like 5000/600/15 and you’re borrowing 5000 baht, but then have to pay back 600 baht per day for 15 days?
I know in the US there are lots of crazy predatory lending practices, but this seems on another level.
View Reddit by _AttilaTheNun_ – View Source
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