0
There are several measure you can take to get out of a credit crunch. One measure is to consult with a financial advisor and they could maybe help re-evaluate the interest rate and hopefully help lower the amount you need to pay. Another measure is to talk to the bank to figure out if the credit could be fixed.
Still curious? Ask our experts.
Chat with our AI personalities
Beau
Jordan
FranAdd your answer:
Earn +20 pts
How can you avoid a credit crunch?
To avoid a credit crunch, you can make sure to get your yearly free Credit Reports. This will allow you to monitor your credit effectively and make sure your report is error free. Balancing how much you spend with how much you make will also make it easier to maintain a good credit score and help you to avoid the credit crunch.
What year did the credit crunch start?
2007
Is a credit crunch related to my credit score?
A credit crunch is related to your credit score, because it means that banks are especially strict about who they will lend to. They are less likely than usual to extend credit to someone with a low credit score, so maintaining a high score is even more important than usual.
What caused the credit crunch?
the Jonas brothers and high school musical
What was the tragedy that happened to woolworths?
Woolworths had a credit crunch but now woolworths is a webby-site!
