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Measures to increase bank credit need to be stepped up.
"Housing should begin to slow; auto purchases and revolving credit need to decline," she said.
Many of those seeking high-cost credit need professional advice for their financial problems, rather than accruing further debt".
Our experience tells us that many of those seeking high cost credit need professional advice for their financial problems, rather than accruing further debt".
To combat this, the government's recent measures to kick-start lending and open new channels of credit need to take effect.
The three credit reference agencies, Equifax, Experian and Call Credit, need to agree a universal approach – but discussions are "complicated" said a spokesman for Call Credit.
Similar(46)
Universal credit needs effective local welfare delivery.
But many small businesses are still struggling to have their credit needs met.
Microloan Foundation Malawi, a microfinance institute, serves her credit needs for her business.
Among companies borrowing regularly, less than one-third reported that all their credit needs were being met.
The National Federation of Independent Business has also reported that the share of small business owners who say their credit needs are not being met has been falling.
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CEO of Professional Science Editing for Scientists @ prosciediting.com