Rattled Thai consumer loan usury practices, or lack thereof.

Lack of full and proper "usury-laws" on consumer loans, is the major culprit.

Over the weekend I watched this report on Thailand's consumer dire debt situation on YouTube, here:   https://www.youtube.com/watch?v=_hpCpEm6PeE.              It's everything many of us know already. But too few understand/appreciate the utter lack of proper consumer usury-laws,  i.e. interest levied & disclosure and early repayment protective laws which have duly rattled and sattled much of the Thai, increasingly, disappearing middle class. 

I wrote several letters on this to Bangkok Post Editor, yet none on this subject, were ever published.  Going around, often we see signs for mobile phones or other consumer products in shopping centers, which show the low monthly payment required but rarely if ever disclose the actual high interest rate levied.  Or say Thai consumers directly go to their finance company which gave them the car or other consumer product loan, asking what the outstanding balance now is on their (often very high interest) levied loan. Only to then be told to come back the next days as they need to first tabulate this.  Even while I bet they have this number readily available.  A well known consumer malpractice to discourage early re-payments. Sad as its one of the true "elephants in the room", few if any leaders here seem to address.

Best Regards,