My apologies, KtK has the right acronym. The NCA is the thingumagwodgy I was referring to. Lets wait and see it tested in the labour court to see how well the employers stand up to it. I have a feeling this may be sooner than later. The NCA has very specific guidelines as to what the "lender" has to do before they may place credit risk and terms on the "borrower". In this instance the borrower is clearly at risk and unless it has been proven that the loan can be repaid, they are not allowed to offer credit which in this case is the "bond". It may well have a negative impact on training bonds in the future, lets wait and see how employers react to it. I know a few of the smaller guys are looking at the legal options already.