Credit Repair Attorney

by Smith & Garg LLC

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Credit Crunch Felt Around the World

October 15th, 2007 · No Comments

All the news regarding the US sub-prime mortgage crisis and general credit crunch may lead American consumers to believe that this issue is somewhat limited to the United States.  That’s hardly the case, a point which was driven home recently by an article that appeared in Reuters UK, which told of the general fallout as a result of the credit crunch around the world.“More companies around the world will default on their credit payments if the present credit squeeze persists, ratings agency Standard & Poor’s said in a report published on Tuesday.

Recent turmoil in the credit markets has reduced investor’s appetite for risk, limiting the options of struggling companies to refinance, the report said.

“The current market correction is refocusing investors on the realities of credit risk and a sounder balance between risk and rewards,” the report said.”

Again, what this should prompt in you is a need to make sure that your credit is as clean as possible.  If you’d like to repair your credit, contact the credit repair attorneys at Smith & Garg today to schedule an initial consultation.

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