Up until at least July last year, Zopa offered a £1,000 loan over 12 months at less than 7% APR.
Last month, a 12 month loan of £1,000 would cost between 15 and 20% APR. They rank your credit risk A - C: that rate's for an 'A*' grade customer.
This morning the minimum term has become 36 months (the only other choice now being 60 months, whereas before it was more flexible).
Credit card companies are now automatically reducing credit limits; before they used to automatically increase them.
It's the economy, stupid.