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The Credit Cruncher was conceived to help you to keep up to date with credit crunch and recession developments, it provides some helpful credit crunch advice and it addresses personal debt. The Credit Cruncher also seeks to explain how the credit crunch started and shed some light on the worldwide recession. Recently, we have begun to look at how BREXIT will affect the UK economy. Please feel free to leave comments where relevant.

22 Mar 2011


With the Bank of England base interest rates keeping low, it is still a good time to get a short -term loan although it is worth noting that a low base-rate does not mean that ALL interest rates are automatically reduced to such a low level.

Specialist short-term lenders still charge a premium for their services because they are specifically addressing the need for rapidly approved loans for the duration of just a few short weeks or months.

Such services are offered by payday loan lenders uk and frequently are able to approve a loan automatically online via a website. Although payday loans in the uk would not be the solution to all lending needs, they may be ideal for a short term where a payment is expected imminently, hence the name 'pay day loans'.

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