Mr. Tharathorn Techakitchakorn, Managing Director of Sukhumvit Asset Management Company Limited (SAM), revealed that after the government raised the issue of debt resolution as a national agenda, SAM, as a government agency assigned to help reduce the household debt problem in the country through the "Debt Resolution Clinic by SAM", is ready to respond to the government's policy to address the debt issues of the public promptly. The "Debt Resolution Clinic by SAM" is prepared to assist customers with bad debts from credit cards, cash cards, and unsecured personal loans who meet the criteria to participate in the "Debt Resolution Clinic by SAM" with special interest rates of only 3-5% per year and a maximum repayment period of up to 10 years. There are three options for debt restructuring: 1. Repayment within 4 years at an interest rate of 3% per year, 2. Repayment longer than 4 years but not exceeding 7 years at an interest rate of 4% per year, 3. Repayment longer than 7 years but not exceeding 10 years at an interest rate of 5% per year.

For those interested in applying to join the "Debt Resolution Clinic by SAM", they must be individuals with income, not exceeding 70 years of age, with total debts not exceeding 2 million baht, and have overdue debts for more than 120 days. To expedite the application review process, customers are requested to prepare the following important documents:

1. Credit Bureau report 2. Copy of ID card 3. Salary slip for the past month or salary certificate (for salaried individuals) / Bank statement for at least 3 months or income certificate (for self-employed individuals).

As for the performance of the "Debt Resolution Clinic by SAM" in 2023 (data as of November 2023), there are approximately 17,000 customers participating in the program, or over 43,000 accounts, representing a principal debt burden of about 3.2 billion baht. Since the program's launch in 2017, the total number of customers participating has accumulated to 52,000, or 146,000 accounts, with a total principal debt of over 10 billion baht.

Mr. Tharathorn further stated that the household debt issue, which is a national agenda, requires collaboration from all sectors to address the problem integratively, including enhancing financial literacy among the public to ensure successful debt resolution and prevent future occurrences of this issue, thus strengthening society. Individuals in debt should not neglect their situation and should start addressing their bad debts immediately for a better life. They should not wait until they are sued, have their salaries garnished, or have their assets seized, which would create additional problems in the future.

"Debt Resolution Clinic by SAM" is open every day from 9:00 AM to 7:00 PM on the 4th floor of The Avenue Ratchayothin Shopping Center (Glass Elevator Zone), Phaholyothin Road, Chatuchak, Bangkok (BTS Ratchayothin Station) or apply to join the program online through the website www.คลินิกแก้หนี้.com or add Line @debtclinicbysam and Facebook Debt Resolution Clinic by SAM. For inquiries, please contact the Call Center 1443.