Credit cards, personal loans lead debt types among Thais: pollCredit cards are one of the leading types of debt for Thai people, and debt levels have increased since the start of the Covid-19 pandemic. (Photo: Varuth Hirunyatheb)Credit cards and personal loans top the many types of debt burdening Thai people since their daily life became affected by the Covid-19 pandemic, according to a survey by Suan Dusit Rajabhat University, or Suan Dusit Poll. The poll was conducted online between Nov 22-25 on 1,059 people throughout the country who have been in debt during the Covid-19 situation. Asked about the types of debt they had incurred, with each respondent allowed to choose more than one answer, 46.52% pointed to credit cards and personal loans; 39.85% loans for property including houses, condominiums and commercial buildings; 35.46% daily expenses; 30.79% loans for cars and motorcycles; and 15.73% expenses for education and student loans. varied as follows::48.18% owed less than 500,000 baht;22.85% owed 1,000,000-2,999,999 baht;15.26% owed more than 3 million baht;13.71% owed 500,000-999,999 baht.

Source: Bangkok Post November 28, 2021 07:11 UTC