Crossword Genius

New direction, having no old money in the bank (2,6)

Ross

I believe the answer is:

in credit

'money in the bank' is the definition.
(in credit means having money)

'new direction having no old' is the wordplay.
'new' indicates an anagram.
'having no' suggests deleting specific letters.
'old' becomes 'o' (common abbreviation eg in OE for Old English).
'direction' with 'o' taken away is 'directin'.
'directin' anagrammed gives 'IN CREDIT'.

(Other definitions for in credit that I've seen before include "Having money in one's account" , "Having a positive balance" , "Indirect kind of plus in the bank" , "Having money in the bank" .)

I've seen this clue in The Guardian.
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