Britain's Credit Crunch

[Menchi]

My bank sent me a credit card through the post TWICE even though I have never had one and absolutely refuse to have one (and legally you have to sign something to get one), so I had to go in twice and hand it back to them in pieces. They weren't happy & said I 'should think again' as it was 'more sensible than saving up'. I swear. I was furious.

I got a credit card, my building society just leaves me alone ..........until I forget to pay 'em xD

[TheCrimsonPig]

You know.... times are tough.... but... we'll all pull through one way or another. I'm sort of looking forward to the challenge. Although I do very much envy some of the previous generations who just burned through money like it was nothing and I am particularly appalled at the sheer number of nimrods who are on food stamps but still buy stuff that is way beyond their budget, even in these hard times. Seriously, if you want a flat-screen HDTV, earn it! Don't put it on plastic and ask the government to pick up the tab.

[exdevlin]

LOL Nikkita -- it's TRUE. We're practically racist, and still ARE. If you're an immigrant trying to make a start, GOOD LUCK finding someone to give you a credit card if you aren't going through Visa. My dad had that issue, and has a massive HATE towards Mastercard because they wouldn't give him a credit card when he first came to Canada. Visa, on the other hand, is more fair. Dad's first mortgage had to be obtained from a government program that helps immigrants find and mortgage their first home.

But yeah, in general these days, the Banks are more willing to lend out money, now that they fear recession. Just as long as they don't put us over into inflation.

Speaking of businesses folding: the porn industry just asked the government for a bail-out of $5 billion!

[exdevlin]

I like that our government is actively regulating things like interest rates and such. They ARE trying to keep things in check after all...

And as for Mastercard, the limit on my Visa usually doesn't go up unless I ask for it. They usually don't just randomly up your limit unless you need it, which is nice. I hear MC likes to just raise it whenever though, and one day you look and realize your credit limit is twice what it used to be.

[exdevlin]

"LOL, U QUALIFY TO SPEND WUN MEEEELLION DOLLARZ!"
Good luck with paying THAT back on a regular basis O_O

[exdevlin]

Indeeds! Congrats on getting it all paid off and becoming a responsible consumer again lol. I know it can be tough on people when they don't realize just how much of a hole they've dug themselves into.

[Koneko Nya]

Gaow... I was very upset when the woolworths in my town closed down, me and my friends were like "Where will we get our Pick a Mix now"
I've already lost my part time job because of this credit crunch, the company had overspent money and had to get rid of some part timers, it sucks!

[MaNa Shuffle]

Yeh our Town Centre won't feel the same now without a WoolWorths, heh

And places like Zavvi now in Administration and I heard PC World have cut quite a few jobs too

As long as Poundland and play.com still exist, it's all right with me XD

Woolworths's demise saddened me. Now the shopping centres look empty without it.

Zavvi (and music stores before that) always shutten down. As long as we still got HMV,GAME, and Gamestation. I'm happy.

This whole credit crunch is making me worry about jobs since theres been alot of cuts due to closed stores . I know someone who now is jobless.
It wasn't even a known store I think but still...It sucks and I fear that job hunting just got a little more cramped.

WHSMith also recieved stuff from woolworths also. I couldn't order a game for that reason (Then how did I get that Dir En grey CD from then? The Sky? XD).
Didn't Zavvi did that? Oops.

I blame fraudsters and people who constantly use credit cards (which lead people into debt) for this (kinda). It's called budget and save. use it!

[Jackthequestionable]

yeah it pretty much sucks, my mall is practically empty and the county just declared that its out of unemployment money in a county thats half unemployed.

But im doin okay, for now

[dominoprincess]

I actually hate the term credit crunch so much that it has gone beyond hate.

I dont feel the effects of the credit crunch. Well, apart from we're not doing a tour of the USA again this year for vaykay because the whole dollar/pound thing went down the crapper. But, really, we're going on a nicer holiday this year than we would have without the credit crunch. My dad said in the car today, he might as well just keep on spending more money, because banks are so crappy. Its not the best theory, but its sure making us happy........for the moment.

Anyways, people are losing their jobs, and thats just not fun. It should frigging stop, end of. Not sure how thats ever going to happen though XD!