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Most credit card holders back making repayments after debt suspension


Most credit card holders have resumed paying off what they owe after a three-month debt moratorium expired at the end of June, credit card companies report.

Krungthai Card Plc (KTC)'s president Rathian Srimongkol said that 100 of its cardholders had applied to enter the debt suspension scheme but 80 per cent had now returned to paying their debts as usual.
He forecast that customers’ debt default situation would continue to improve over the next six months.
Meanwhile, Ayudhya Capital Services Co's managing director Nayanee Peaugkham said that 90 per cent of customers who had opted for debt suspension were back paying their debts as normal.

Published : July 19, 2020

By : The Nation