CLICX warns loan defaulters of Credit Bureau blacklisting

MGR Online•Economy•9d ago

Reader Briefing

CLICX warns social media groups attempting to intentionally default on digital loans that they face legal action and credit bureau blacklisting.

•CLICX is Thailand's first Virtual Bank licensed by the Bank of Thailand.
•Social media groups called 'Sai Bid' have been encouraging members to borrow from CLICX with the intention of not repaying.
•CLICX warns that intentional defaults will automatically result in a damaged credit bureau record and potential civil or criminal lawsuits.
•CLICX has temporarily paused new loan applications due to higher-than-expected user volume.

•CLICX, a Virtual Bank licensed by the Bank of Thailand, launched a digital loan product called 'CLICX Prom Chai' using AI for approval.
•Groups on social media termed 'Sai Bid' have been encouraging people to take loans from CLICX and intentionally default, mistakenly believing it is an unregulated informal loan app.
•CLICX states that loans are legally binding and intentional defaults will automatically result in a negative Credit Bureau record.
•Defaulters risk civil lawsuits for asset seizure and potential criminal charges for fraud if false information was provided during application.
•CLICX emphasizes a commitment to responsible lending and risk management to increase financial opportunities for Thais.
•CLICX has temporarily closed loan applications to manage system delays caused by a higher-than-expected number of concurrent users.
•CLICX is currently processing pending loan applications while maintaining its credit consideration standards.

Full article content is available on the original source.

CLICX Bank Public Company Limited(ธนาคารคลิกซ์ จำกัด (มหาชน))

The first Virtual Bank in Thailand that provides digital loan products and is licensed by the Bank of Thailand.

Bank of Thailand(ธนาคารแห่งประเทศไทย)ℹ️

The regulatory body that issued the Virtual Bank license to CLICX.

Krung Thai Bank Public Company Limited(ธนาคารกรุงไทย จำกัด (มหาชน))

A collaborator in the establishment of CLICX.

Advanced Info Service Public Company Limited(บริษัท แอดวานซ์ อินโฟร์ เซอร์วิส จำกัด (มหาชน))

A collaborator in the establishment of CLICX.

PTT Oil and Retail Business Public Company Limited(บริษัท ปตท. น้ำมันและการค้าปลีก จำกัด (มหาชน))

A collaborator in the establishment of CLICX.