June 20, 2008

Is the credit crunch a conspiracy?

Despite all of the media coverage about credit crunch and how it is affecting almost everyone no matter what they or where they live, there are some people n fact around thirty eight per cent of a survey conducted for the insurer Zurich, believe that the credit crunch will not affect them.

This boldness could be because they have their finances in good order or they have a decent career or both, these people are the lucky ones who think that they are OK at the moment, but things can change just that.

The people who are worried about the credit crunch are those who are the opposite of the lucky third, they may have high mortgage payments, debts or a job that is not totally secure. But never the less there are still more than two thirds who are affected by the credit crunch at the moment.

Source [Credit Choices]