Post by account_disabled on Jan 3, 2024 0:24:03 GMT -5
The situation regarding household debt in the past few weeks There are many interesting issues that have arisen, such as the fact that "Suraphon Opasathien", General Manager of the National Credit Bureau (Credit Bureau), came out and revealed that There is credit bureau data during the second quarter of 2019, starting to see signs of new credit card approval among customers called Generation Z, or people aged approximately 20-22 years, entering the system in large numbers. Normally we only see Gen Y and Gen X mainly. “It makes one wonder why people aged 20-22 years were approved. But I admit that people these days can earn money from independent work, such as selling things online, etc. Normally, they should be approved for just one new card. Because it's the first one. What is worrisome and scary is if young people are delinquent on their debts. You may have to look at your ability to pay for one quarter first.” 11-1 Thakorn Piyaphan – Veerathai Santiprabhob The general manager of the credit bureau pointed out that if they were to control it by being strict about “Income verification” should help delay debt accumulation.
But you must consider that Not every group of people has problems, but there are only 3 groups of people that the Bank of Thailand (BoT) is concerned about: the young first jobber group, the near-retirement age group, ages 55 and up, who have debt. not decreasing and groups with incomes less thanprachachatMeanwhile, in the past period, the BoT as a supervisory agency Throwing stones and asking how to "reduce/terminate" the "0% installment" campaign among vulnerable customers to the public Until it became a hot topic in the past. This causes stakeholders to continuously come out and express their opinions. Both commercial banks and financial business operators that Telegram Number Data are not banks (non-banks) As echoed by "Takorn Piyaphan", Chairman of the Krungsri Consumer Department, Bank of Ayudhya (BAY), as Chairman of the Credit Card Business Club. Thai Bankers Association This clearly confirms that the campaign "0% installments cannot be canceled" because in reality Whether it is a person with a lot of money or a little money. Whether buying a mobile phone, buying insurance, etc., they all use the installment payment method. Nowadays, all entrepreneurs use 0% installment payments as a "marketing strategy" , even installment programs that help build sales up to 40-50%. "Takorn" sees that if the 0% installment plan is stopped, it will affect the business and the economy as a whole. Ready to give suggestions that Problem solving should be focused.
By using control and supervision of sensitive borrower groups. Just like the Bank of Thailand (BoT) has sent a signal that it will control debt-to-income (DSR) at 70%, which has asked for cooperation from financial institutions. and Krungsri will begin controlling DSR at 70% from the beginning of 2020 onwards. However, recently "Veerathai Santiprabhob", Governor of the BoT, clarified this hot issue that there was a misunderstanding regarding the 0% installment plan, insisting that the BoT did not control it. or forcing promotions Instead, it will encourage financial institutions to give more importance to responsible lending. “We are talking with financial institutions. I want financial institutions to ask themselves: Do business methods create unwanted side effects for society? and the fact that financial institutions have come together to sign guidelines for responsible lending The example of 0% credit card promotions is something that is talked about.” By "Virathai" explained that the 0% installment promotion for services that are necessary for the people will probably “It's not wrong,” such as medical expenses. or buying products related to occupations, etc. However, the BoT has information showing that Some financial institutions are geared towards those just starting out in their careers. Until causing competition to promote inappropriate or unnecessary spending. For example, promoting foreign tourism with a 0% promotion is something that BoT gives an example to discuss with financial institutions. This is because these promotions may aggravate and result in long-term household debt. This will have a negative effect back on the financial institution itself.
But you must consider that Not every group of people has problems, but there are only 3 groups of people that the Bank of Thailand (BoT) is concerned about: the young first jobber group, the near-retirement age group, ages 55 and up, who have debt. not decreasing and groups with incomes less thanprachachatMeanwhile, in the past period, the BoT as a supervisory agency Throwing stones and asking how to "reduce/terminate" the "0% installment" campaign among vulnerable customers to the public Until it became a hot topic in the past. This causes stakeholders to continuously come out and express their opinions. Both commercial banks and financial business operators that Telegram Number Data are not banks (non-banks) As echoed by "Takorn Piyaphan", Chairman of the Krungsri Consumer Department, Bank of Ayudhya (BAY), as Chairman of the Credit Card Business Club. Thai Bankers Association This clearly confirms that the campaign "0% installments cannot be canceled" because in reality Whether it is a person with a lot of money or a little money. Whether buying a mobile phone, buying insurance, etc., they all use the installment payment method. Nowadays, all entrepreneurs use 0% installment payments as a "marketing strategy" , even installment programs that help build sales up to 40-50%. "Takorn" sees that if the 0% installment plan is stopped, it will affect the business and the economy as a whole. Ready to give suggestions that Problem solving should be focused.
By using control and supervision of sensitive borrower groups. Just like the Bank of Thailand (BoT) has sent a signal that it will control debt-to-income (DSR) at 70%, which has asked for cooperation from financial institutions. and Krungsri will begin controlling DSR at 70% from the beginning of 2020 onwards. However, recently "Veerathai Santiprabhob", Governor of the BoT, clarified this hot issue that there was a misunderstanding regarding the 0% installment plan, insisting that the BoT did not control it. or forcing promotions Instead, it will encourage financial institutions to give more importance to responsible lending. “We are talking with financial institutions. I want financial institutions to ask themselves: Do business methods create unwanted side effects for society? and the fact that financial institutions have come together to sign guidelines for responsible lending The example of 0% credit card promotions is something that is talked about.” By "Virathai" explained that the 0% installment promotion for services that are necessary for the people will probably “It's not wrong,” such as medical expenses. or buying products related to occupations, etc. However, the BoT has information showing that Some financial institutions are geared towards those just starting out in their careers. Until causing competition to promote inappropriate or unnecessary spending. For example, promoting foreign tourism with a 0% promotion is something that BoT gives an example to discuss with financial institutions. This is because these promotions may aggravate and result in long-term household debt. This will have a negative effect back on the financial institution itself.