At present, banks do not share with CRAs details of a company's existing and future borrowing
Foreclosing a loan other than floating-rate home loan attracts foreclosure charges, which can range between 2 per cent and 6 per cent
Consolidating several loans into one that has a lower interest rate and using increments and bonuses to pay off loans will also help you tackle high leverage
Other options for businessmen include loan restructuring and consolidation