Reason for optimism

According PIC Solutions, some markets, such as the fashion retail industry, had remained consistent both before and after the NCA but, notably, the housing and vehicle markets had remained depressed.

It was confident of 'reason for some optimism' and said consumers were showing renewed appetite for buying on credit.

The latter part of 2009 had seen a slight decline in consumer debt and an improvement in the number of consumers applying for new credit.

(Are you hungry for debt? Improve your credit score before you apply. Click here to learn how...)

Also read: