Originally Posted by
liveinlos
You might want to get local Thai legal advice and ask why the bank would allow her to be the guarantee on a 10,000,000 thb loan with only 18,000 thb in income?
It could be highly possible to get the whole thing dropped in court due to the fact she probably never met the banks written qualifications for a loan guarantee of that amount.
At 18,000 a month you are looking at 46 years payback with no interest tagged on.
The bank could be trying to intimidate her due to lack of education or social status.
However, I believe getting hold of the banks written rules and regulations for a loan guarantee of 10,000,000 would greatly assist your case and could prove the bank was definitely wrong in this case.