The financial crisis hit nearly everyone very hard, especially those people who were living with a fine balance between expenditure and income. If you were living within your means, but ultimately had no savings because your income matched your expenditure, and then you lose your job, well you simply had no chance. Debts would begin to mount as your income soon became almost non-existent (you can’t exactly rely on state benefits to cover for a full-time job), the debts began to mount up. As you realised that you were completely unable to pay off your credit card debt, you credit rating took a serious hit.
