Released on: September 21, 2007, 4:42 am

Press Release Author: Aisha Kacie

Industry: Financial

Press Release Summary: A voluntary banking code followed by the banks and building
societies require them to assess the repayment capabilities of the consumers before
lending money.

Press Release Body: London (online-unsecured-loans) September 20, 2007: The banks
and building societies who are signatories to the Banking Code are required to
demonstrate responsible lending practices.

Adrian Lloyd, a representative for the Banking Code said: "What the code actually
says is - We will assess whether we feel you will be able to repay the borrowing."
Lloyd further explained that even in the event of people getting into financial
difficulties, the code requires that people must be treated sympathetically and
positively.

The Citizens Advice Bureau is receiving a record number of debt queries from the
people. It shows that both the lenders as well as consumers need to take responsible
measures. The Bureau received 1.7 million debt queries in its offices in England and
Wales last year, registering a whopping increase of 20 percent. Credit cards and
unsecured loans were responsible for the 40 per cent of the queries that it
received.

According to Credit Action, a national charity, the average consumer borrowing from
credit cards, motor and retail finance deals, overdrafts and unsecured personal
loans has reached £4,515 for an average adult in the UK at the end of July 2007.

For additional information on the news that is the subject of this release (or for a
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