How has the Credit Crunch affected you? Reviews

In some ways I think the credit crunch was just what I needed... a wake up call. Back in 2003 I went on a gap year to Canada - I had the time of my life - skiing, sky diving and white water rafting. Upon my return I started university (whit a pretty hefty credit card bill from my gap year). But instead of being sensible and paying my ...  Read the complete review

I've not been affected too badly by the "credit crunch" for several reasons. First i plummed for a fixed rate mortgage for a period of 5 years, before everything collapsed, and have no intention of moving so loss of value in my house is not a huge issue for me at the moment, but i understand that this is a big issue facing a ...  Read the complete review

How has the credit crunch affected me? I now keep a budget, It is the best thin I have ever done. I wis h I had started doing it years ago! Well for the last 3 months my family has lived off a budget, on every pay day I complete a financial plan chart on my pc for our income and outgoings. I calculate how much ...  Read the complete review

How The Credit Crunch Has Affected Me As a student, the credit crunch started to affect me in my second year of university. The main areas in which I was affected are entertainment, interest rates, general budgets being cut, my parents, a lower availability of jobs, and a huge worry about getting a job after graduation. I ...  Read the complete review

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, ...  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 ...  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 ...  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 ...  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 ...  Read the complete review

The credit crunch hit us all with such a speed that the way finances changed so rapidly was frightening. The first issue that really hit me hard was the collapse of the IceSave bank account. Having several thousand of savings plus the money to pay my income tax and VAT bill for my small business was devastating. Alisdair Darling saving ...  Read the complete review

OMG where do I start! Lets just say if our family situation gets anyworse, we may as well go throw ourselves off the nearest cliff! My husband was made redundant in Jan 08 (his 3rd in 5 years). He was working in a senior role at a start up company. When the credit crunch started to bite their revenue didn't come through fast enough so ...  Read the complete review

There is no question that this is a very difficult time for the majority of people in the UK and across the globe, and the predictions are that this is just the beginning of the downturn. So many people are losing their jobs as businesses fold etc, I was self-employed and had to give up the business because I couldn't earn enough to ...  Read the complete review

The credit crunch will all affect us one way or another but some of us haven't been as badly affected as others have been, and for this we should be grateful. I myself have only been affected, to my knowledge, by the rising costs of food in the supermarkets and that tiny reduction in the VAT. The reason for this is that I am a student ...  Read the complete review

The credit crunch has hit me, like a lot of others, very hard. I have gone from having my own retail business(9 years) to being unemployed for several months. I would say that my main regret is not closing the business a lot sooner than I did. Knowing trade was going down I continued to put money into it thinking things would get better. Even ...  Read the complete review

The credit crunch has affected me in only one way really, I am now unemployed. I had been working in my position for a year on a maternity cover and was advised all along that there would be a job for me if ever anyone else left or anything of that sort. Then they began making redundancies and pretty much all departments were hit. I was ...  Read the complete review

The credit crunch for me has actually worked in my favour. In August, just before the credit crunch kicked in, it was on the verge of happening. We were all well aware what was going to happen and i found a nice little 2 bedroom flat for my first time buy. I got quite it abit below the asking price as the lady who owned it was desperate to sell ...  Read the complete review

Because of the Credit Crunch a lot of firms are looking up old debts and getting debt collectors to get the money. This has happened to me and it has been a really really really bad 48 hours. It began when I had a card sent to me saying that there was a parcel waiting my collection as it could not be delivered. Would I please ...  Read the complete review

Yes the credit crunch has crunched my credit but I am fighting back in a number of ways. I am cycling everywhere that is under 5 miles away instead of going by car. I am foraging for berries and drinking nettle tea. The thermostat has gone down a couple of notches on the central heating and been replaced by a vest under my ...  Read the complete review

The current 'credit crunch' began in July 2007 and the intial cause of it was generally attributed to the American sub prime housing market collapse where mortgage lenders were giving 100% mortgages to people who just *really* could not afford the repayments whatsoever. This started a chain of events and I suppose it first 'hit' us in the UK (or ...  Read the complete review

When economists first warned of a downturn in the economy what now seems like many moons ago, I like a lot of people thought it was scaremongering by the media. At first I actually enjoyed the credit crunch sales and thought when I was walking down the high street I could pick up some real bargains. Oh how that ...  Read the complete review