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  • A credit crisis , also known as a "credit crunch" or "credit shock," occurs when there is a rapid reduction in the availability of loans from banks. This is caused by loans going sour, forcing the banks to tighten up lending standards.
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  • The slumping economy has taken a toll on many small businesses. But Kimberly Frank, owner of Federal Recovery of Wayne, is busier than ever. Frank is in the auto repossession business — or, if you prefer, the collateral recovery field.
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