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BANGKOK 12 December 2018 23:06
steve2112

wife's daughter credit card debt

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My wife's daughter got several credit cards about 2 years ago and ran up about 200,000 baht in debt and didn't pay back. She hasn't used them for about 1 year so i assume the interest has kept adding up. she is not at the address she used to get the cards and threw the cards away, so has no idea what how much she owes or how to pay back.
 
 
Anyone what usually happen in this situation? I assume the credit card companies will try to find her right? She lives with us now and works at Makro. I assume the credit card companies would eventually get the courts to have Makro take some money from her pay every month, but given what she owns, that could be almost 100% of her pay.
 
Also, my wife is worried if the daughter doesn't pay, the credit card companies could come after us since we are the only ones with money. I don't don't know how they could make her mother responsible for the debt but this Thailand, anything is possible.
 
My wife wants to pay the whole thing for her but i said if we do that, she'll get more cards and do it again.
 
Anyone else had to deal with similar situation?
 
thanks

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6 minutes ago, BritManToo said:

Best to ignore the whole thing, after 5 years the debt gets written off.

 

 

is that really true about 5 years. do you have a source for that?

 

Edited by steve2112
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My advice is to wait and see and let them come to you first, usually you can negotiat the damage to a very resnable amout citing the girl's young age and irrisponsible attidute, also, those loans are most likely insured the by the lenders already and thus will fall under the NPL category...

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My wife is saying that used to be true about forgetting the loan, but now they come after you forever

 

maybe i need to talk to a lawyer

 

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Gonna side with everyone else.  If the credit card companies were worried about getting their money back, she wouldn't wonder how much she owes because they'd be coming after her for every cent.  Wait for the bill, and only then worry...

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3 hours ago, steve2112 said:

My wife is saying that used to be true about forgetting the loan, but now they come after you forever

 

maybe i need to talk to a lawyer

 

Collection agencies may continue to send intimidating sounding letters forever but that doesn't negate the statue of limitations.  Run it by a lawyer, most likely he will tell you that those letters are safe to ignore.

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