Credit Crunch Blues – How To Survive & Thrive

It’s a plain fact that not everybody suffers in a credit crunch or downturn, there is often more money to be made;  while others wail and gnash their teeth, some just take responsibility for their own success and get on with becoming rich.

Wealth Coach Nicola Cairncross releases The Money Gym Listmania guide to surviving & thriving in a Credit Crunch.  View your copy here >>>

If you want to find out more about how it came about, Wikipedia describes a credit crunch thus…..

“A credit crunch is a sudden reduction in the availability of loans (or “credit“) or a sudden increase in the cost of obtaining a loan from the banks. There are a number of reasons why banks may suddenly increase the costs of borrowing or make borrowing more difficult. This may be due to an anticipated decline in value of the collateral used by the banks when issuing loans, or even an increased perception of risk regarding the solvency of other banks within the banking system. It may be due to a change in monetary conditions (for example, where the central bank suddenly and unexpectedly raises interest rates or reserve requirements) or even may be due to the central government imposing direct credit controls or instructing the banks not to engage in further lending activity…..”  READ MORE HERE >>>