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Avoiding the Credit Crunch |
The Credit Crunch
This is the NEW name for “The Banking Crisis”, “The Slump”, “The Recession”, or the most famous one of all, “The Wall Street Crash”.
Now if you have got that much of the message the next bit should be easy. We are about to hit the New One. Yes, and they are calling it: “The Credit Crunch”.
Read Edistone's chilling facts about the coming disaster waiting to happen - yet again.
Follow the links to find out the deeper reasons why this is going to happen and why it has been happening continuously and been deliberately engineered to happen repeatedly in the past.
Edistone says: -
I can hear you say now: -
‘I thought all that stuff was over. We can never again experience another Financial Crisis. Can we?.....’ ‘They told us this repeatedly!!!’
Well speaking as one who experienced the last crash and has been through three repossessions, which means complete dispossession but not quite bankruptcy, I would like to awaken you from your dreams. When it happens it will take you ten years to climb out of the problems caused by this kind of trauma. And that is when you KNOW what is happening and accept that, like I was, you have been foolish enough to ignore all the signs. And you can only begin to climb OUT of the problem by taking the right steps and refusing to take more of the steps that led you into it in the first place.
Personal debt is at an all-time high, that is 1,350 Billion pounds at the last reckoning in the UK. Almost 15 Billion pounds more than the GNP for one year in England. Debt in the UK is expanding at more than 1 million pounds every 4 minutes. You think it is any better in America. Its worse! By 2007 Americans owed an unbelievable $16 trillion dollars with 15% of that in personal loans including credit card debt and $85% in home loans.
Have you heard of ‘holiday periods’ and ‘honeymoon loans’? I am sure you have but you did not take enough notice of the small print on your mortgage contract. When the holiday period is over, your repayments are “resumed at the standard rate” and they can go up by as much as 30 to 35%. ‘No problem.’ You say: ‘I can just go to another mortgage shark and re-contract at a lower rate again. Can’t I?’ I have news for you. That was in the old days and since then times have changed. The mortgage market is daily getting smaller. The chance to get a new cheaper deal is disappearing fast and home owners by the million are facing immanent dispossession. They can’t pay the “standard rate” and they can’t broker a cheaper deal anywhere.
For a possible solution to this huge dilemma click this link now. But! You will need to face the truth that to escape the consequencies, like I did, you are going to have to make some life changing decisions and the sooner the better.
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