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Forums - General - How has the Credit Crunch affected you?

I have been relegated from Full Time to Part Time in work with my position set to be reviewed in January. Still, at least I haven't been made redundant.



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i've actually been given more hours at work after the credit crunch (don't know why). but it's very hard to be affected by the credit crunch in london because its everything is expensive here anyway.

part of my job is to offer credit and finance to customers, and i have noticed that a lot less people are going for the finance option, and are paying by cash/debit card, which in turn means they have less to spend, which also means that they shop a lot less often. but personally it hasn't affected me, like i said, london is a very expensive place to live in already.




DOATS1 said:
i've actually been given more hours at work after the credit crunch (don't know why). but it's very hard to be affected by the credit crunch in london because its everything is expensive here anyway.

part of my job is to offer credit and finance to customers, and i have noticed that a lot less people are going for the finance option, and are paying by cash/debit card, which in turn means they have less to spend, which also means that they shop a lot less often. but personally it hasn't affected me, like i said, london is a very expensive place to live in already.

Lucky you! I work for an Architects firm, said to be the first affected and the first to get over it.

 



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I am having to stop shopping at Tescos and now I have to shop at LIDL and dodgy chinese grocery storeds



What is the "Credit Crunch?"



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Words Of Wisdom said:
What is the "Credit Crunch?"

 

 basically the reduction of availibilty of credit and loans because of the state of the economy.




DOATS1 said:
Words Of Wisdom said:
What is the "Credit Crunch?"

 

 basically the reduction of availibilty of credit and loans because of the state of the economy.

 

In America. Last year a lot of banks made a bunch of high-risk loans to people who couldn't repay them. They started to default at the same time and a lot of banks lost a lot of money, reducing the available credit and capital in America.



 

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NintendoMan said:
I worked my way up from nothing to a state of extreme poverty, and have been sent right back to nothing.

That's life I'm afraid

 



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