Thread: Loaning money to a Thai secured against a Channote...

Originally Posted by taxexile

Then suggest that the thai family take out a loan to cover einsteins expenses in the uk from a thai bank using the land deeds as security, which is what they should have done in the first place rather than come begging from you via your wife, who seems to be something of a cash cow anyway.

Agreed, they only tried to tap me up as they saw it as an interest free loan, however when the wife explained I was looking for the brother to pay off the loan, together with interest, and security against the loan, I understand it was a bit of a shocker for them, so I await there next move.

Einstien? from what I have seen of his latest grade scores, he is some way off. By the very nature of Degree courses they get harder in the final years, so he needs to get his arse in gear.

Originally Posted by ChrisM

the sisters will never let you call in the loan.

Of this I am under no illusion, as it would be mega loss of face for them. However my wife has a fair idea of my business dealings in the UK, hence she knows I have no emotional qualms when it comes to money. She has communicated this to the two sisters, if this happens they now know they would be better off ensuring the younger brother honours his debt, rather than trying it on with me.

I understand how Thai's interact and the principle of face, and the need not to upset there delicate senses, indeed I have tried the softly softly Thai approach in the past, and me being Jonny Farang they walk all over you, hence this time a change of attitude is in order.

Originally Posted by Thetyim

Originally Posted by taxexile

Then suggest that the thai family take out a loan to cover einsteins expenses in the uk from a Thai bank using the land deeds as security,

Now that idea might have some mileage if you add a sweetener that you will pay the first years interest

Taken together with the free board and lodging, this would be a good middle ground solution, that way he does not have to have the debt hanging over him whilst studying. He could consider the first years interest payment as a non returnable gift, and upon obtaining employment back in Thailand he can commence paying down the debt.
Who knows if successful, it could be useful to have a tame Thai Lawyer just a phone call away

If you are not already aware, thais have no regard for a "soft touch ", they see them not as generous, but as weak and unworthy of sympathy or respect and a legitimate target to gleefully exploit for all they are worth.

Family, friend, neighbour, it matters not. The soft touch is no more than an atm.

You're fukked, give hime the money and wipe your mouth.

Maybe hope for a couple of weeks of good sex.,

Never Loan Money To A Thai

Originally Posted by Thetyim

Originally Posted by taxexile

Then suggest that the thai family take out a loan to cover einsteins expenses in the uk from a thai bank using the land deeds as security,

Now that idea might have some mileage if you add a sweetener that you will pay the first years interest

Or the last year... Then if they have already defaulted and lost the land deeds you are in the clear.

Divorce your wife, move away. Case closed.

Originally Posted by taxexile

If you are not already aware, thais have no regard for a "soft touch ", they see them not as generous, but as weak and unworthy of sympathy or respect and a legitimate target to gleefully exploit for all they are worth.

Family, friend, neighbour, it matters not. The soft touch is no more than an atm.

I realised that within the first day of coming to Thailand for my first holiday. Hence I quickly reverted to my usual take no prisoners approach, when having to interact with the locals. On the whole they are reasonable people to deal with, but as always there are those who try and take advantage.

As you say they seem to have a begrudging respect for someone who stands there ground.

Originally Posted by taxexile

You will get screwed here.

Play willing for a while and then break the news that one of your close family members needs urgent financial help and that you cant fund the student loan, or any other credible story to explain why you just dont have the funds.

Then suggest that the thai family take out a loan to cover einsteins expenses in the uk from a thai bank using the land deeds as security, which is what they should have done in the first place rather than come begging from you via your wife, who seems to be something of a cash cow anyway.

Good luck.

To my mind this is good advice. It also saves you face.

^ taxexile's advice is spot on; but Listerman's wife will let the cat out of the bag.

^^ Listerman seems bent on going through with lending the money to party boy despite all the advice to the contrary. His Thai extended family realizes that, despite his claims to the contrary, Listerman is not 'someone who stands there ground'.

The family can, should they choose, get a loan from Thais or Thai banks if the land deed is on the up and up; but more importantly they realize this loan must be repaid to Thais for fear of very serious repercussions if they do not.

The family wants to 'borrow' from Listerman because he is 'family' and both he and especially his wife are proven easy marks.

If you cant get your wife to explain you dont have that kind of money, then take Kurgens advice

Originally Posted by Kurgen

You're fukked, give hime the money and wipe your mouth. Maybe hope for a couple of weeks of good sex.,

A lot of times I read forums and think I am in a different Thailand.
However, this is one area that I know you are going to get burned, if you loan to anyones SON or dont.
I have loaned to wife's sisters and nieces and always got the money back- just small amounts. However loaning to a male is going to hurt you and cause problems between you and your wife. In married life I have always thought that you share and I tried to explain that to a son, I told him in effect he was stealing from his mother but it doesnt matter women are there to wipe up after him and pay his way.

Another point worth remembering is that as soon as he is there, he will tap your missus up remorselessly for money all the time, and she will give it to him whether you know it or not. He will get in with other Thais there who no doubt will be HiSo knobbers, and be quaffing champagne with them all night whilst your wife is working her third job for the day or getting another credit card. Do not do it. As soon as he is there, your wife is toast and will be bled dry and as her husband, you need to protect her from this.

Originally Posted by Lorenzo

Never Loan Money To A Thai

As a gift....no problem.

Listerman-- not a great position you are in, but the best choice I think would be is no loan and stand your ground with wife. Hopefully she will back you up.l

Originally Posted by Orroz

The question is how can he legally keep it and what turmoil will it cause in the family if he does.

zero , zilch , zip ....farang v's Thai

they'll just report it missing and have another issued .

Originally Posted by Mid

they'll just report it missing and have another issued .

Not an easy thing to do. First a visit to the local Ampur to do some paperwork. Then a trip to the land registry with the paperwork, along with 2 witnesses. Usually a policeman and the headman who have to certify that the papers have been genuinely lost and are not being held by a third party. Big trouble if falsehoods are used to obtain duplicate papers.

Originally Posted by superman

Big trouble if falsehoods are used to obtain duplicate papers.

nothing some tea money can't fix , especially when the 3rd party is a farang .

Originally Posted by jingjoke

Listerman seems bent on going through with lending the money to party boy despite all the advice to the contrary. His Thai extended family realizes that, despite his claims to the contrary, Listerman is not 'someone who stands there ground'.

The family wants to 'borrow' from Listerman because he is 'family' and both he and especially his wife are proven easy marks.

Not so!, there have been further developments, in light of advice I have read on this thread.

Spoke to wifey last night, and made the offer of free board and accomodation together with making a gift payment on the interest for a loan, for the time he is the UK for.

Also mentioned her brother should be investigating what potential employers are looking for qualification wise, and further suggested consider studying for a second degree in Thailand, and obtaining a couple of years work experience prior to commencing a higher degree qualification.

As you can imagine, all of the above went down like a Lead balloon and thereafter I got the silent treatment all of last night, but at least I could watch the TV in peace

As of this morning some degree of normality has returned.

Originally Posted by jingjoke

The family can, should they choose, get a loan from Thais or Thai banks if the land deed is on the up and up; but more importantly they realize this loan must be repaid to Thais for fear of very serious repercussions if they do not.

Either that or some land will have to be sold. Whatever happens now my exposure to this situation is minimal.

As always thanks for the excellent advice chaps, its much appreciated.

^ Unless your wife is unique - I would bet this subject is not dead and buried......

^ I have to agree.

thats assuming the degree he gets is worth more than the piece of toilet paper it is written on.
not worth a pinch of shit outside thailand not accepted in australia any degree at all until they sit for an exam and they normally fail.