[JIbbo]

Has anyone yet had any experience yet of the credit crunch affecting them personally in sheffield ?

We all hear about it in the news.

Personally it seems to be focused on the banking services industry in london.

A few estate agents might be hit. - No great loss-

[fredsredhat]

i got a £1500 loan without a problem.

[lalaland]

I got a letter from my bank the other day saying my mortgage rate was about to go up to over 7%, but I just laughed and binned it. I was able to get a 2 year rate of 4.25% with HSBC, so I won't be paying that ridiculous rate

I think as time goes on people will start to notice a change in spending in areas such as shopping, nights out, holidays and petrol. I think the country is in for a belt tightening exercise for a while and sadly I fear that there may also be a few job losses in some industries along the way. Let's hope I'm wrong.

Look back at this thread in 12 months time and see if anything has changed for the better or worse.

[e912]

just got a 5.5 k loan online no problems, at same time my bank was offerin me a £25k no further questions money in an hour loan, as well as a 1250 overdraft limit and have just got home to see that my credit limit has been increased on my 0% card to 9500. Which is now higher than the 7000 that i got on my main credit card.

Oh and we got a draw down set up with the mortgage currently limited at 57k

Oh this credit crunch how will i ever cope.

[PrincessKate]

I think its people with a less than perfect credit rating it will affect more with getting loans etc

Some people will find it harder to get loans etc than others and with fuel, bills, shopping etc costing more, more people will rely on credit to pay for things etc and some may end up in trouble.

IF you have a perfect credit rating then i doubt you will struggle but the bank etc are not lending money out like they used to.

Should hopefully teach people to less rely on credit.