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Sustained efforts to improve credit and collateral registries offer large pay-offs.
In the last few months, other energy marketing and trading companies have been selling assets to reduce debt and improve credit ratings.
The most vulnerable borrowers, those who must seek other debt-management avenues, can improve credit by making every payment on time.
The borrower's payments are reported to the major credit bureaus, so they can help improve credit scores if monthly payments are made on time, Ms. Owens said.
He said: "Over the past year the Funding for Lending Scheme has contributed to the recovery by helping to significantly improve credit conditions, especially for households.
Doesn't this just mean another huge buildup of nonperforming loans, with all the work done by Chinese banks during the past decade to improve credit quality being put on the back burner?
Similar(28)
As with other banks in recent weeks, Comerica's news reflects improving credit conditions.
(Excluding costs related to Morgan Stanley's improving credit, its compensation expenses amount to 49 percent of revenue).
The earnings growth came from improved credit quality and stronger fee revenue, though commercial lending remained weak.
"Our results reflect a focus on increasing customer volumes while maintaining expense discipline and improving credit performance".
Customers will also be able to get improved credit terms at Home Depot stores for the next 13 months, he said.
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