CLICX addresses debt dodging and affirms loan standards

Prachachat•Economy•5d ago

Reader Briefing

CLICX issued a statement clarifying its loan approval standards following social media trends encouraging borrowers to avoid repayment.

•CLICX launched the CLICX Ready loan service early last week.
•Social media trends have emerged encouraging people to borrow money and not pay it back, referred to as 'bid nee'.
•CLICX affirms that loan approvals follow Responsible Lending principles and use multi-dimensional data.
•CLICX temporarily suspended loan applications due to higher-than-expected user volume causing system delays.

•CLICX launched the CLICX Ready loan service early last week, attracting a large number of applicants.
•A social media trend referred to as 'bid nee' emerged, involving borrowing money with the intention of not repaying it.
•CLICX stated that loan approvals are based on Responsible Lending principles and multi-dimensional data rather than a single data source.
•CLICX clarified that the speed and convenience of digital channels do not mean every applicant is approved or that approval standards have been lowered.
•CLICX warned that failure to repay debt affects credit history and future access to financial services.
•CLICX announced it will take legal action against those providing false information, using incorrect documents, or engaging in fraudulent behavior.
•CLICX temporarily closed loan applications because the number of simultaneous users exceeded expectations, leading to system delays.
•CLICX is processing pending loan applications as quickly as possible while maintaining careful and responsible approval standards.

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CLICX Bank(ธนาคารคลิกซ์ (CLICX))

A bank that provides the CLICX Ready loan service and adheres to Responsible Lending principles.