The AnswerBank Articles

OFT Uses Novel Approach To Get Scam Message Across

Although many of us have received scam texts and emails saying we have won a prize most people realise that it is just a ruse to get our details so some criminals can fleece us for all our money. Unfortunately there is still a large proportion out there that is taken in by these villains. Over 3 million UK adults fall...15:36 Mon 24th May 2010

One In Three Worried About Debt

We are all feeling the strain of the credit crunch and keeping a close eye on the purse strings. However, it seems that a third of us are seriously worried. Debt is said to be a concern for one in three people in the UK, new research reveals. According to a well known online financial services company, 33 per cent of...15:36 Mon 24th May 2010

Lovers 'Often Surprised By Cost Of Nuptials'

Can there be anything more lovely than a beautiful bride in a gorgeous white dress on a warm sunny day getting married to the guy of her dreams. All their families are there, small cute children run around through the legs of smiling, well dressed adults with glasses of champagne toasting the happy couple. It is the fi...15:36 Mon 24th May 2010

Consumers Waste Two Years 'Worrying Over Debt'

Most people in the UK have some sort of debt, whether it is credit or store cards, personal loans or hire purchase finance, or simply a mortgage. And we all worry about it from time to time. New research has revealed exactly how much time we spend worrying about our debt. Apparently the average Briton spends two years...15:36 Mon 24th May 2010

Quit Smoking And Start Saving.

Despite the government’s ban on smoking indoors many of us are still lighting up, even in the coldest of weather. However, not a few people took the ban as an opportunity to give up. We have all heard the stories of chronic health failure for those who smoke. Smoking related diseases range from lung cancer, hear...15:36 Mon 24th May 2010

10 Per Cent 'Think Money Is Safest Under The Mattress'

One in ten people in Britain believe that their money would be safest stowed under their mattress, according to new research. A high street building society has found that this is up almost 300 per cent in light of the recent credit crunch, reaching a high of 15 per cent in the midlands and Wales. Confidence in banks...15:36 Mon 24th May 2010

Consumers Warned Over Comparison Websites

With many of us trying to save money by switching our insurance providers, comparison websites are a popular way of finding the best deals. However, this is not the great idea it seems at first according to recent research. Insurance comparison websites may be misleading consumers by providing inaccurate or out of dat...15:36 Mon 24th May 2010

Half Of Brits 'Would Shun Repairs'

What a nightmare, you are just about to start a long journey in the car and your MP3 player has packed up. What do you do Listen to the radio and try to fix it when you get home or stop at the next services chuck it and buy a new one as they are cheap as chips anyway A significant amount of people in the UK, more th...15:36 Mon 24th May 2010

Consumers In Debt 'Have A Range Of Options'

Many of us have felt the pinch over recent years and have seen our finances stretched almost to breaking point. For some, things were much worse and now they are struggling to pay off debts that can rise to the tens of thousands on credit cards, personal loans, finance and even mortgages. Consumers struggling to meet ...15:36 Mon 24th May 2010

When Disaster Strikes Are you Covered

No matter where you live if a disaster happens in your home the effect is the same. It may be a flood or a burglary or, increasingly, freak weather conditions. It may take years to fully get over such an event. Imagine, then, having to cope without the benefit of home insurance. According to the Association of British ...15:36 Mon 24th May 2010

Money Or Honey On The Internet

Most of us in the UK now use the internet every day. Whether it is at home in the evening, at work during our lunch break or at the weekend we are surfing the web more and more. There are many reasons to use the internet and two of the biggest are online banking and social networking. Apparently using the internet to ...15:36 Mon 24th May 2010

Secured Loans 'Are An Option For Those In Debt'

People in debt and looking for an option to alleviate such arrears could turn to a secured loan, according to a financial site. The online financial advice company has claimed that a number of alternative debt solutions currently on the market are offering Britons ways in which to curtail what they owe. A spokesperson...15:36 Mon 24th May 2010

UK Consumers Stretched To The Limit Financially

Many of us fear the financial crisis will never end. More of us are having to cope with bigger bills and smaller incomes. Fuel prices are mounting both for our cars and our homes due to the increasing price of a barrel of oil. Insurance premiums are rising due to higher crime rates and adverse weather conditions. The c...15:36 Mon 24th May 2010

Young People Saving For The Future

Rather than expecting it all to come to them it seems that young people are now taking their future into their own hands. It has been claimed that young people in Britain are looking to avoid accruing debt by entering higher education (HE) in the future and saving now. Research from the Children's Mutual has shown tha...15:36 Mon 24th May 2010

Planning For Old Age 'Should Start As Early As Possible'

People need to start planning as early as possible if they want to make the most of their retirement, according to a well known insurance provider. The rising cost of living means many people are struggling to pay their existing bills and are failing to put money away for their retirement. The research shows one in si...15:36 Mon 24th May 2010

Tips For Surviving The Credit Crunch

Although it has been a hard slog for some of us the credit crunch is not over yet. There are many ways to help your finances through troubled times according to a recent report. For people who are concerned about how they will manage financially if the economic downturn in the UK persists, a leading financial research...15:36 Mon 24th May 2010

Families Help Each Other Out Financially

None of us want to see our relatives in financial trouble. We often want to help with small gifts of money to an elderly parent who needs a new kitchen appliance or help with the heating bill. That is what family is all about. However, it seems more of us are doing more than the occasional handout. Some 3.3 million fa...15:36 Mon 24th May 2010

Struggling Homeowners Need To Talk To Banks

Many people are having difficulty making ends meet and one of the biggest monthly expenses of any household is the mortgage. However, this is probably one of the most important expenses to keep paying as if you don't it could mean not having anywhere to live. People who are struggling with mortgage repayments need to ...15:36 Mon 24th May 2010

Cutting Back Can Cut You Off

We are well into the credit crunch and some people may be finding it harder and harder to make ends meet. However, consumers should be aware of the dangers in cutting back on essential purchases during the economic slowdown. A representative from the British Insurance Brokers' Association has maintained the importan...15:36 Mon 24th May 2010

People Should Live Within Their Means

It seems we are cutting back sensibly due to the credit crunch. Many of us are living without those little luxuries and excesses which we used to have. During the financial crisis people need to tighten their belts and keep hold of their expenses. This has been confirmed by a spokesperson for the Consumer Credit Couns...15:36 Mon 24th May 2010