Do you have any view on what would have caused the drop TDA and Experts?

I'd tend towards some of the analysis in the second last paragraph of the article Firewalker:

"Much of the disastrous effect of carefree lending prior to the credit crunch has now worked through the system, better controls on dangerous high-cost short-term lending are in place, unemployment has fallen, and average wage increases are finally beginning to outstrip inflation".

Of course [:D]

Saw it on my iphone and did not see the link there. Thank you [:)]

It's an interesting point about the carefree lending.

I think over the last couple of years lending has been harder to come by and lenders have been careful about who they lend to but I think that this may be changing.

I've noticed more people on the forum advising that they are able to obtain credit quicker after completing their Trust Deeds.

We have a junior staff member in our office that is 19. They obtained a loan to purchase a car and pay their insurance for the first year. They then decided to purchase a new car and the car company arranged an unsecured loan to cover the original loan and the funds required for the car. All in all when the deal was done for the new car, they had an unsecured loan in the region of £17,000. At the age of 19 that is crazy.

I'm not sure if this means that lenders are prepared to lend money again and that lending restrictions are starting to relax a little. I guess time will tell.

Average household debt is increasing fairly quickly again David.

Many people are finding it easier to borrow, and at the same time are also feeling more confident about borrowing.

That's bonkers about that 19 year old David.

Credit does seem to be getting easier to come by - feel as if I'm getting it thrown at me at the moment.

I think there was a post earlier on this and something as simple as watching TV adverts demonstrates that there is more lending out there than previously.

These things always go through cycles and we are at the start of the latest lending cycle I suspect.

Mark

I worked with lots of 17 year olds who all had brand new cars in fairness they were all in reasonably secure roles and once qualified on massive wages but some were getting 20-30k cars on finance and living with parents helped but when they tried to move out they discovered their cars had to go, some of the 20 year olds had cars in 60k region again all affordable living with parents and good jobs unfortunately redundancies in work are seeing many of them struggling having to sell their cars for much less but still having huge debts to pay off

At the end of the day, lending money is what banks do. So as economic conditions look rosier, unemployment falls and the risks reduce then you can bet your bottom dollar that they will star pushing credit again and the whole thing goes around again.

They can't win really.

Restrict lending and they get stick. Free up lending and they get stick.