The credit crunch is still with us inspite of the fact that off and on in the course of the last two odd years being informed by news both in the press and on television that the UK is nearly coming out of the recession. We have been advised of this a number of times but low and behold the recession is still with us.
People have put off applying for loans which could tide them over until their working hours return to normal in the belief that at any time things for them would be normal and their income would be as it was before and there would be no requirement for loans.
Now people are sick and tired of scrimping and scraping and with Christmas fast approaching homeowners have decided that they are going to pull out all stops and have a luxury Xmas to counter balance the austerity in which they have been living. Homeowner loans have interest rates starting at about 9% and they can be used to buy expensive Christmas gifs, to fit a new kitchen in which to cook Christmas dinner and even to go on that much needed holiday.