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Examples include: making cheaper finance available through Credit Unions; working with the Police to remove loan sharks; helping individuals with debt; removing barriers to employment; and ensuring individuals take benefits and tax breaks they are due.
Doing so could lower your APR, take out unwanted charges, and remove loan terms.
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As a lending instrument, they allow banks to remove loans from their balance sheets by bundling them into a diversified pool, which is then issued as a bond.
But a report in China Securities Journal indicated that Chinese banks' bad loans may grow in 2009, as Beijing has removed loan caps for commercial lenders and direct banks to help finance its half-trillion-dollar stimulus package.
Williams is one of several dozen colleges and universities, most of them private, that have removed loans from aid packages within the last three years in favor of scholarships.
This means removing loans that will never be repaid from their balance sheets, injecting enough public money to allow those that stay in business to emerge in good health, and, ideally, ensuring that executives at the most mismanaged banks are replaced with people who know something about modern business.
Officials also sought to downplay the effect of their decision to remove the loan default metric, arguing that schools will be required to disclose their past students' loan default rates to prospective students.
South Korea and Sweden owed their relatively robust recoveries to policies to remove bad loans from banks' balance-sheets.
The securities agency has been investigating the accounting of PNC for possible transactions intended to remove problem loans from its books.
(Nama is the "bad bank" created by the government to remove toxic loans from the economy. It is costing the taxpayer, and generations to come, a fortune: €73bn of public money has gone to the banks so far).
Huge questions hang over the Treasury's plan to remove those loans, and many economists think it must commit more public capital than the already authorised $700 billion in TARP money.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com