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.
This Affects people because there losing there homes ,jobs ect. and some cant even go on holidy...
More people use cash
People have stopped spending
credit crunch. its a big deal no money to waste on drugs to kill you!
credit crunch
The credit crunch is where the cash flow in an economy decreases, during the 2008 recession it's not the best time to buy a car, or invest in the stock market.A credit crunch effects small run businesses due to the value of shares decreasing - the business's then have the impression that they are losing money. However this is merely a perception of what might be happening, if shares are falling and the stock market is losing support, than it's obvious to know that your business's profits/turn-over will also fall, so one needs to understand that you're not actually losing money. The only way to cure an economic 'credit crunch' is by increasing cash flow throughout the economy and by overlooking monetary policies.Sebastien Andre Paisey
8% and is going to increase due to he credit crunch.
credit crunch
credit crunch. its a big deal no money to waste on drugs to kill you!
A financial 'credit crunch' is when there have to be budget deficits and contingency plans in place (should there be a worst case scenario)
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.
No one planned it.
2007
hope not
It is terrible due to credit crunch that we have to cancel order of fresh vegetables to the hospital.
It is terrible due to credit crunch that we have to cancel order of fresh vegetables to the hospital.
yes
The economic crisis has severely affected the availability of credit. It is also termed as the credit crunch.
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.
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.