Doom, gloom and more doom.
That’s pretty much what every financial section in every paper and on every website is screaming at the moment. Thanks to the credit crunch, headlines now cry Rise in UK firms forced to close (BBC News, 7 April 2008), Credit crunch’could last years’ (The Guardian, 11 March 2008) and Loan sharks circle in the credit crunch (The Times, 30 March, 2008).
And the news gets worse day by day, with banks hoarding their cash and becoming much choosier about who they lend to.These past few weeks have possibly been some of the worst for home-buyers and home owners alike, as the news filtered through that First Direct had announced it was closing its doors to new customers. It was swiftly followed by reports that the last 100% mortgage on offer has been scrapped, as Abbey took its loan off the market after similar decisions by its rivals.
And it’s not just those looking to buy who may have their plans scuppered. Millions of borrowers in the UK are looking at a marketplace that has closed for business as opposed to the norm of being swamped with offers of credit. This has left a huge amount of people scrabbling around to find an affordable deal and struggling to pay theirmonthly bill.
To make matters even worse, the International Monetary Fund has issued research to suggest that residential property in the UK is overvalued by as much as 30% meaning the collapse of house prices are imminent. Doesn’t sound good, does it? However, if you’re a Kleeneze Distributor, you’ve little to worry about.
Thanks to the flexibility of earnings you can get from Kleeneze, whether you want to payoff that credit card debt or pay off rising mortgage costs, you can literally pick the income you need and avoid the bite of the credit crunch. With facts and figures such as the ones below, it’s unsurprising that borrowers are now looking for new ways toearn cash.
Only recently, the Direct Selling Association (DSA) predicted a 10% rise in the number of direct sellers in 2008; for kleeneze the future is looking bright.