The AnswerBank Articles

Credit Card Defaults Peaking Sooner

Credit card defaults may peak earlier than it was first expected, according to experts. Recently consumers have increasingly failed to make repayments leading analysts to believe defaults on this kind of financial product could now rival those on mortgages. However, a peak in credit card repayment defaults would not ...15:37 Mon 24th May 2010

How To Write a Will

Nobody wants to think about what would happen if they passed away, which is why so many people put off the task of writing a will. However, it is definitely a good idea to get it sorted out, as you could save your loved ones a lot of hassle and heartache. What Is a Will In simple terms, a will is a legal documen...15:36 Mon 24th May 2010

A Guide To Prepaid Cards

Since the economic downturn prepaid cards have gained considerable popularity. Worried about sitting on expensive credit, consumers are taking to the prepaid card’s more controlled and manageable approach to finances. This article will introduce you to the basics of using this card. What Is a Prepaid Card ...15:36 Mon 24th May 2010

Turbines funded by high energy prices

Since the recession has taken hold many people have quickly forgotten about the troubles of global warming, instead looking to the financial crisis that has grabbed headlines over the past year. The views of the UK's energy and climate change secretary, David Miliband, are totally clear and he has outlined his plan ...15:36 Mon 24th May 2010

Fixed-deal energy prices prove popular

As we head into the winter months, many Brits are worried about their energy bills and their rates potentially sky-rocketing. Most people are working hard to scrape just enough cash to get by, with rising heating and energy bills putting even more strain on hard-up families. Given the turbulence of the past few month...15:36 Mon 24th May 2010

Recession Could Produce Entrepreneurs

The recession could inspire more people into embarking on entrepreneurial pursuits such as starting their own businesses, one expert has said. According to national enterprise network NFEA, despite the global economic downturn operating a business from home is still a legitimate pursuit and many people are seeing entr...15:36 Mon 24th May 2010

Three Quarters Of IVA Applicants "Living Beyond Means"

Most people who apply for Individual Voluntary Arrangements (IVAs) to sort out their unsecured loans and credit card borrowing say they were simply living beyond their means, says a new report. The findings have reignited the debate about low interest credit card deals and their effect on spending. IVAs are an alterna...15:36 Mon 24th May 2010

Last Will And Testament

It is never easy when a family member or friend passes away. Sorting out wills and legacies in often entangled financial affairs can be a nightmare, and cause rows in one in ten families following a death. Problems can become even worse when the person charged with executing the will's instructions may be struggling wi...15:36 Mon 24th May 2010

Bizarre Insurance Claims Increasing

A sharp increase in spurious or exaggerated public liability claims against local governments has led to increased costs for taxpayers and insurers. An annual list of the silliest insurance claims made against local government authorities in Britain includes a shoplifter who sprained her ankle attempting to escape and...15:36 Mon 24th May 2010

Home Insurance Firms Warn That Flood Cover Guarantee Dependent On Investment

A few years on from the Carlisle floods, the worst in the UK for over 100 years, home insurance companies are warning that the country is still vulnerable to rising waters. Over two million homes in the UK are still at risk of flooding, and with the effects of climate change this number is expected to increase to 3.5 ...15:36 Mon 24th May 2010

Millions Could Cut Costs On Travel Insurance

More than six million holiday makers in the UK could have saved money by opting for annual travel insurance cover, claim new industry figures. When we book our main annual holiday most of us know that we need to get some travel insurance as well. However, it seems that many people do not realise that getting travel in...15:36 Mon 24th May 2010

Check The Small Print For Winter Sports Travel Insurance

Although for many of us a hot summer sun holiday is the ideal there are plenty of people out there for whom the cold slopes are the best way to relax. Many resorts now do all year glacier skiing and so we can get our fill of the piste at any time. However, whenever and wherever we go to swoosh down the slopes it is vi...15:36 Mon 24th May 2010

Long Suffering Parents Lose Out To Young Drivers

Young motorists are opting to borrow their parents vehicles rather than splash out on the cost of their own, says a motor insurance survey. More than one in ten (13 per cent) motorists in their late twenties admits that they are still using their parents' vehicles. As more and more of our young people are staying at h...15:36 Mon 24th May 2010

Number Of Pension Age Employees Set To Increase

Many of us who are currently working are looking forward to the time when we can sit back and relax with our feet up when we retire. However, more and more people who are reaching retirement age are not retiring. It could be that for economical reasons they want to carry on working or simply that they feel they have mo...15:36 Mon 24th May 2010

Homeowners Warned On Home Insurance Content Cover

Many years ago Christmas was all about family; and presents, although required, were a small affair. In most households the most expensive present was likely to be a bike or train set. Nowadays, however, the scene is different. Although family is still important in these modern times the presents have changed dramatic...15:36 Mon 24th May 2010

Claim Your Child’s ‘Free Money’

For those of us who are blessed with children we could always do with a bit of financial help. If your child was born on or after the first of September 2002 the government has £250 to give you to invest on their behalf. The fund is to be held in trust for the child and cannot be accessed until they are 18 years ...15:36 Mon 24th May 2010

Money Worries Making Us Sick

Financial stresses and strains are becoming so bad that they are making us ill, according to a survey from a major health insurance provider. Money Sickness Syndrome, diagnosed by a mental health expert, occurs within people who have a poor understanding or control of their financial situation. Symptoms include headac...15:36 Mon 24th May 2010

Resolutions Prove Brittle In The Chill January Days

When December 31st rolls around we all want to make a clean start in the New Year and make our lives better. Many of us make resolutions in January, some are achievable and some are not but recent research shows that most of us have forgotten about our ideals by the end of the first month in the year. It seems that as ...15:36 Mon 24th May 2010

Credit Card Comparison Almost Impossible

Making a realistic comparison of credit card deals is all but impossible as many credit card companies do not clearly explain how they calculate interest, Which has claimed. While comparing different types of card, such as balance transfer credit cards or cashback credit cards, trying to discover their relative costs...15:36 Mon 24th May 2010

Over Five Million Vulnerable To Household Inferno

Would we all know what to do in the event of a fire in our homes It seems many of us would not according to a recent study. Over five million adults in the UK live in property with no fire safety devices such as smoke alarms, fire extinguishers or blankets, warn home insurance firms. Every year 11,500 injuries are c...15:36 Mon 24th May 2010