Firm revels in bad loans | Bangkok Post: business

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Firm revels in bad loans

JMT Network Services, which specialises in retail debt-collection and legal services, says increasing bad debts in the non-bank sector will help support its business growth.

CEO Piya Pong-acha said more bad debts bring about more opportunities to buy cheap non-performing assets.

Low-priced assets not only cover default risk but also push up profit.

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  • franklin

    ThailandPost : 1,259

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    Discussion 1 : 27 Nov 2012 at 19.031

    This is a “no-brainer”! Indebtedness is indentured servitude or slavery. This government knows exactly what the results of promoting non-collateral credit cards to the poor will be. It is also big business opportunities for the likes of JMT Network Services, which specializes in retail debt-collection keeping 20-25% of debt collected. Gosh, think there may be some strong-arm tactics? There certainly will be an increase in crime. Thanks big business/government!

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