answersLogoWhite

0


Best Answer

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.

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What measures can you take to get out of a credit crunch?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is financial credit crunch?

A financial 'credit crunch' is when there have to be budget deficits and contingency plans in place (should there be a worst case scenario)


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.


Who planned the credit crunch?

No one planned it.


What year did the credit crunch start?

2007


Are countries helping the UK in the credit crunch?

hope not


Where can I get my annual credit score?

You can get your annual credit score at Checkmycredit.com or freecreditreport.com and after you do this you can take that number and figure out whether it is high or low and then take the appropriate measures.


Is hospital terrible have that it due fresh for the crunch you cancel credit the of vegetables to the to order. unjumble this sentence?

It is terrible due to credit crunch that we have to cancel order of fresh vegetables to the hospital.


Is hospital terrible have that it due fresh for the crunch you cancel credit the of vegetables to the to order unjumble this sentence?

It is terrible due to credit crunch that we have to cancel order of fresh vegetables to the hospital.


Credit Crunch for shopping affecting Nortern Ireland?

yes


Does credit have anything to do with economic crisis?

The economic crisis has severely affected the availability of credit. It is also termed as the credit crunch.


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.


Could the credit crunch have been prevented?

The credit crunch both from the private and banking sources deter smooth flow of finance in a company and thus a hindrance in its effective growth in the long run.