How has the Credit Crunch affected you?

I used to work as a Mortgage Desk Administrator for a small company (which shall remain un-named) in the North East who specialised in Sub Prime Right To Buys, Remortgages and RTB Remortgages. We were contacted by the FSA around the time the credit crunch effects started to become apparent and Lehman's collapsed along with the Northern Rock saga, they advised us that they were going to come and inspect the company. We didn't even have a health and safety policy in place. The company directors (4 of them) went in to absolute sheer panic, we had no corporate governance and controls manual, hadn't done any form of Risk Management, had no training records for the advisors. ...  Read the complete review

Credit Crunch. Recession words I had never heard of until recent years. Unfortunaly for me when the credit crunch was first starting I was just leaving school luckily enough I managed to get on a college course which I have now been doing for the past 2 years and have just started doing my 3rd and final year. In May 2008 I was luckily enough to get a job working in McDonalds but in March this year as I was told that I had managed to secure an apprenticeship with my local council by one f the people in there head office with no hesitation I left McDonalds for the nedw hopeful future. How wrong I was 2 months into the job I was made redundant and had nothing ...  Read the complete review

think this time round the credit crunch has hit everyone rich and poor. You would think that this would make it easier to bear, knowing that you arn't the only one, but it doesn't. My husband and I do not have children and therefore our two wages give is a good income. We do have animals, 3 dogs, 4 cats and 5 ducks. Up till this year things have been good for us, but we have made the some mistakes that many other people have made and that was not to look ahead and think about what would happen in the bad times. Things really started to go wrong for us in early March 2009 when I started looking for a mortgage deal to replace our tracker that was expiring in ...  Read the complete review

The last year and a half has been a constant worry for me and my partner about the amount of money that may or may not be coming into the household. We were already struggling to get by but just about making the minimum payments on everything with just enough money to get by with a little bit for entertainment to go to the cinema once or twice a month. My partner worked at a factory and we knew there were problems when about a year and a half ago the redundancy letters started to be handed out. First time round he was lucky when they made about 10 night shift workers and some day shift redundant. Phew we thought worry over... 3 months later another letter ...  Read the complete review

Officially the credit crunch has only been with us for a short period, but in reality it's been a gradual approach over the last 2-3 years. I'm not on a brilliant salary, and at just over £18k there's a lot of much better paid people working in the same area, but with the current job market and the fact my partner has been looking for over 6 months I'm very reluctant to consider it, despite my area (accountany) being one of the few areas with job openings. Like many other organisations the local authority which I work for is struggling and has had to make several extremely difficult business decisions in effort to balance the books, but like ...  Read the complete review