Monthly Archives: March 2021

Are personal loans bad? | the ascent

Even if your utilization rate is 100% for your loan, your other credit cards are at 0% – so your globally the ratio decreases. By simply increasing your available credit, you can improve your credit utilization rate and your credit score. And as you repay the loan, things will only …

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ICBC, Ping An Has the first packages of bad personal loans

Asset managers bought bundles of dodgy personal loans from ICBC and Ping An Bank at auction under a new pilot scheme. Access today Sign up for a 2 week free trial and get instant, unrestricted, unrestricted access to Regulation Asia. FREE TRY Already taken your free trial? Contact our team …

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Chinese banks sell first batch of troubled personal loans

Industrial and Commercial Bank of China Ltd. (ICCB, 601398.SH) and Ping An Bank Co. Ltd. (000001.SZ) became the first sellers of distressed personal loans under a pilot program launched in January. China’s official Credit Asset Transfer Center has auctioned off the first batch of 657 million yuan ($101 million) of …

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