Spurred by the holiday season, consumers borrowing in November – on everything from credit cards to car loans – experienced its fastest growth in 10 years. Analysts found that borrowing rose 9.9 percent during the month, a clear sign that consumers are becoming more confident thanks to the recovering economy, The Wall Street Journal reports.

The findings come after buyers had been limiting incurring any debt, but industry insiders found that the number of car and student loans has been on a moderate incline for some time. The increase in confidence may indicate that it's a great time to buy a used car or make other big purchases.

"Consumer credit growth is a positive sign for the recovery in that it signals increasing demand and willingness to spend," economist Paul Edelstein told his employees, the WSJ reports.

The growing tendency of consumers to get a car loan is just one of many encouraging signs that point toward economic recovery. After a dip to 8.6 percent in November, unemployment fell once again in 8.5 percent in December. While some analysts are quick to point out that the United States will have to add around 250,000 jobs a month to make a significant improvement, any decrease is a good sign.

Anybody who is looking to take advantage of the improving economic conditions may want to head to New Jersey State Auto Auction. Thanks to a partnership with Credit Acceptance Corp., the dealer offers automatic credit approval. Even if your score has been hurt by the economic downturn, getting accepted for a loan is not something you have to worry about. Additionally, making payments on time is a great way to rebuild your credit score.