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The Credit Crunch has affected businesses in multiple ways, but the most devastating is not allowing businesses to get proper capital to be able to run effectively. Although it is more difficult to get credit these days it is not impossible. There are still lines available if you have a strong business credit score. I wouldn't count on using your personal credit thought to get a line for your business.

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14y ago
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15y ago

This Affects people because there losing there homes ,jobs ect. and some cant even go on holidy...

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15y ago

More people use cash

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13y ago

People have stopped spending

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Q: What are the effects of credit crunch?
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What economic effects do drugs have?

credit crunch. its a big deal no money to waste on drugs to kill you!


What is financial credit crunch?

A financial 'credit crunch' is when there have to be budget deficits and contingency plans in place (should there be a worst case scenario)


How can you avoid a credit crunch?

To avoid a credit crunch, you can make sure to get your yearly free Credit Reports. This will allow you to monitor your credit effectively and make sure your report is error free. Balancing how much you spend with how much you make will also make it easier to maintain a good credit score and help you to avoid the credit crunch.


Who planned the credit crunch?

No one planned it.


What year did the credit crunch start?

2007


Are countries helping the UK in the credit crunch?

hope not


Is hospital terrible have that it due fresh for the crunch you cancel credit the of vegetables to the to order. unjumble this sentence?

It is terrible due to credit crunch that we have to cancel order of fresh vegetables to the hospital.


Is hospital terrible have that it due fresh for the crunch you cancel credit the of vegetables to the to order unjumble this sentence?

It is terrible due to credit crunch that we have to cancel order of fresh vegetables to the hospital.


Credit Crunch for shopping affecting Nortern Ireland?

yes


Does credit have anything to do with economic crisis?

The economic crisis has severely affected the availability of credit. It is also termed as the credit crunch.


Is a credit crunch related to my credit score?

A credit crunch is related to your credit score, because it means that banks are especially strict about who they will lend to. They are less likely than usual to extend credit to someone with a low credit score, so maintaining a high score is even more important than usual.


Could the credit crunch have been prevented?

The credit crunch both from the private and banking sources deter smooth flow of finance in a company and thus a hindrance in its effective growth in the long run.