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China Bad Debt Is a $300 Billion Value Trap – For years, Chinese banks shoveled nonperforming loans to asset managers set up by the government. from about 10 cents or less (for credit cards) to 50 cents (for mortgages) on the dollar – not.
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UPDATE 2-China March new loans rebound sharply, more policy easing expected – Analysts say China needs to turn around weak credit growth to head off a, but there are concerns that may fuel a further rise in bad loans as banks loosen lending standards..
If you can’t get a loan through your local credit union, NerdWallet recommends you compare offers from multiple lenders before signing any loan agreement. Rates for bad credit borrowers can vary.
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