Consumer Forum

Consumer Information

  • Clear and Practical Consumer Advice
  •  
  •  
Consumer Direct

Support Us About Us Bookmark and Share

Go Back   Consumer Forum > Goods and Services > Financial Services

Financial Services Banks, Building Societies, Credit Cards, Insurance Policies.


Menu
Support us - get full forum membership

Find What Consumer on Facebook

Follow What Consumer on Twitter




 
Reply
 
LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 15th April 2008, 02:02 PM
Premium Member
 
Join Date: Apr 2008
Location: London
Posts: 69
Thanks: 0
Thanked 2 Times in 2 Posts
temi is an unknown quantity at this point
Default Credit Crunch how has it affected you?

Even if you have been living under a stone you would have heard of the so called credit crush, how has it affect your finances?
__________________
Low Cost Shopping Cart :: Green Forum
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #2 (permalink)  
Old 3rd May 2008, 11:04 AM
Consumer
 
Join Date: May 2008
Posts: 24
Thanks: 12
Thanked 0 Times in 0 Posts
James is an unknown quantity at this point
Angry Credit Crunch

Hi Temi,

It hasn't affected me directly yet, but I guess it is affeting the whole economy and therefore it is. For example, the there is less money around so demand for products and services goes down...

J
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #3 (permalink)  
Old 3rd May 2008, 03:13 PM
Tony's Avatar
What Consumer Founder
 
Join Date: Apr 2008
Location: Bolton
Posts: 7,815
Thanks: 107
Thanked 143 Times in 137 Posts
Blog Entries: 2
Tony is an unknown quantity at this point
Default

It affected my brother he had a loan application turned down as the bank decided it no longer offered the product he was after.

Tony
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #4 (permalink)  
Old 3rd July 2008, 06:23 PM
Senior Consumer Activist
 
Join Date: Jun 2008
Location: South Coast
Posts: 141
Thanks: 0
Thanked 5 Times in 4 Posts
Paul Carcone is on a distinguished road
Send a message via MSN to Paul Carcone
Default

Nothing yet...although I expect a pitiful payrise this year!

As far as day to day spending is concerned, the clever shopper will be able to make the most of this period as retailers will be particularly desperate for your custom. As such, you will be able to achieve much bigger discounts as retailers try to entice you to spend with them.

I've just had another £1,000 knocked off the cost of a new VW Golf Estate that I've ordered for Mar 09...so there are definitely good bargains to be struck.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #5 (permalink)  
Old 4th July 2008, 08:04 AM
Jez Jez is offline
Consumer
 
Join Date: Jun 2008
Posts: 16
Thanks: 1
Thanked 2 Times in 2 Posts
Jez is an unknown quantity at this point
Default

I think the worst is yet to come with reports yesterday in a 5 billion pound downturn in equity release from the bank of England for the quarter compared to last year. This will result in more job loses and a downward spiral.

Saw a great headline yesterdat "This isn't just another credit crunch, this is a Marks and Spencers credit crunch" Made me smile.

Last edited by Jez; 4th July 2008 at 08:11 AM.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
The information on this website does not constitute professional advice. Advice is taken at your own risk.
Contact Us - UK Consumer Forum - Archive - Privacy Statement - Top - Consumer Rights

Powered by vBulletin® Version 3.8.2
Copyright ©2000 - 2010, Jelsoft Enterprises Ltd.
SEO by vBSEO 3.3.0
Copyright Meanwhile Media Ltd 2008