However, it also found that consumer lending on credit cards, unsecured loans and hire-purchase agreements
was at an 18-month low, averaging pounds 2,513 for the ordinary Briton, down nearly pounds 300 (10%) compared to the first quarter of 2011.
That rules out owning credit cards, getting a mortgage or a good bank reference, entering loan or hire-purchase agreements
or voting a government in or out.
PPI, used by 7m people, is designed to protect mortgages, personal loans, store cards, hire-purchase agreements
or credit card repayments if borrowers lose their job or are ill.
Around 80 per cent of the capital behind Opus is privately financed with a further 20 per cent made up of hire-purchase agreements
for kitchen equipment.