"Money Wheel" Moody's #



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"The money on the wheel" came to nothing. [Nouvelles] [Nouvelles] Harassment measures, regulatory oversight The company is in the process of negotiating a guarantee contract. Inventory of Accelerated Depression Before Victims of the Base As debtors struggle to strangle strikes of interest.

Even the government and the Ministry of Finance will announce a policy of extrajudicial loans. Ready to control the loan provider. – Mortgage car registration. It's the first time I'm in a relationship.
Finally, Money Wheel Services Co., Ltd., one of the leading providers of loans for the purchase of car rental and promised car loans, launches a new campaign to launch retail loans for its professionals . "Nano-Finance" to buy a car loan
In reviewing a loan agreement, a motorcycle pledge belonging to an employee of a state company who entered into a loan agreement with the company concluded that the company took a form that purports to be a loan to help people with cars claiming to be microfinance loans to debtors to complete the message of engaging to register a motorcycle. The condition for the debtor to repay the loan at the specified interest rate.

In addition, the company announced the campaign and the interest rate for auto loans and new registration commitment took effect on July 1 passed. By lease-purchase loans. For a motorcycle, a fixed interest rate of 1.50% per month or the equivalent of 31.72% per annum for real estate, van, van, bus or truck. Fixed interest rate of 1.00-1.75% per month (depending on the car year), which is equivalent to the real interest rate. The rate of interest of the tractor is 1.25-1.75% per month, which is equivalent to the actual interest rate of 26.62-36.74% per annum

. second hand lease carries a fixed interest rate of 0.85% per month. The actual interest is 18.32% per annum for the dealer's purchase and 2% per month for the purchase of used trucks, which equates to a rate of 39, real interest of 41.70% per annum. Registered under the Loan Agreement for the car truck, van or truck, driving all the given interest rate. 0.68% per month The real interest rate is 14.74% per annum

. "This is a loan that does not know which license to use.If you are a microfinance loan to the Ministry of Finance at 36% interest, the loan must be a collateral.No is not a Guaranteed loan is a car registration.And if it is a lease purchase agreement, it must also follow the announcement of the Contracts Committee of the Office of the Consumer Protection (PSC): If the loan is secured or if the debtor is obliged to transfer collateral, the collateral will be subject to the interest rate not exceeding the limit of 2560. "This is not a good idea to make a mistake, "he said.Creditors of many financial companies have been notified to several police stations, such as Bangkruay Nonthaburi and Samrong Samutprakarn, to sue the company to proceed with debt collection The law prohibits calling interest on the rate. not more than 2 years, not exceeding 200,000 baht, or both. Recently, staff of Bangchak Police Station sent a convocation to the accused to the director of Wheel Money Co., Ltd. and seven branch employees so that the accused can report to the investigator. It's the first time I see this movie.

In the memorandum to the company. The survey found that moneywheel companies are not financial institutions. Financial Institutions Act BE 2551 which will be able to charge interest beyond the legal limit. It is a company authorized by the Bank of Thailand (BOT) to manage personal loans under supervision. Loans are not guarantees. May be called interest. Even if the company is allowed to operate under the supervision of a microfinance company, the company can be loaned to the debtor. The retailer can not exceed 100,000 baht per person and may charge interest rates. Total loans must not exceed 36% per annum. Excluding motorcycle mortgages,

the company had to provide loans to debtors as collateral. Not subject to a personal loan under the supervision of the Bank of Thailand, but subject to the Civil and Commercial Code (NESDB), the law prohibits interest on the rate of 2560. The interest rate must not exceed the limit 15% per annum. Before the prosecution to the accused in order to report to the Bangkruai police police officer on July 20, from the financial statements to the Ministry of Commerce in 2560, the number of victims of the hundreds of thousands of dollars. At the same time, it was reported that on July 23, Taling Chan Court is expected to initiate a lawsuit filed in the case of debt collectors together. sue Muang Thai Capital Co., Ltd. (MTC) or Muang Thai Leasing Co., Ltd., formerly known as a debt free loan, is not allowed to charge interest on excess interest rates , which is another case of debt collection.


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