Many people are tired of hearing the term 'credit crunch', but this is a term that has been banded around since last summer when chaos hit the financial markets, and the effects of the global crunch have been widespread, affecting all areas of the financial markets. However, it is not just businesses and the money markets that have been affected by this situation, but also consumers across the UK. Since last summer borrowing money has become increasingly difficult, with a higher level of credit card rejections, a drop in the level of mortgage lending, and a fall ...