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Screensize: 640 x 480 800 x 600 1024 x 768 1280 x 1024 UserName: Password: Format Mode: Basic  Help  Prompt  Format: Font Andale Mono Arial Arial Black Book Antiqua Century Gothic Comic Sans MS Courier New Georgia Impact Lucida Console Script MT Bold Stencil Tahoma Times New Roman Trebuchet MS Verdana   Size 1 2 3 4 5 6   Color Black Red Yellow Pink Green Orange Purple Blue Beige Brown Teal Navy Maroon LimeGreen Message: * HTML is OFF * Forum Code is ON Smilies [quote][i]Originally posted by BankruptcyNews[/i] [br]Brits know more about chocolate than credit cards The British public understand significantly more about clothes, food, and electrical items than financial ones, new research reveals. Adults in the UK are four times more likely to know their rights when buying everyday items than when buying a financial product, research from Picture Financial reveals. In fact, just six per cent of Britons say they are aware of their consumer rights when buying a financial product. "There is a sharp contrast in the time and energy people put into finding the best deal for everyday goods and services compared with how people manage their money," said Julia Dallimore, Picture Financial marketing director. Picture Financial's research reveals there are three main reasons behind this knowledge gap. The biggest was apathy - with one person in three (34 per cent) saying their money was not something that interested them. The next biggest reason was the sheer number of options, with 25 per cent of Britons put off by the massive variety of products and options available to them. Jargon was another large reason - with 16 per cent of UK residents not understanding financial terms. And Britons are not devoting time to trying to understand their options. More than one person in five (21 per cent) spend six days or longer looking for the best deal when buying expensive items like televisions, computers or cars, but one in four UK adults reviews their finances less than every six months. And as a result of this apathy, ignorance, and confusion, more than two Britons in five (42 per cent) think they are not getting the best deal on their credit cards and borrowing. "We are a nation of increasingly savvy shoppers, able to take on vast amounts of information to evaluate what best meets our needs," Ms Dallimore said. "However, our research shows that this doesn't extend to financial services and many people could be missing out on better deals on their finances as a result of this knowledge gap." SOURCE: MYFINANCES.co. uk Thursday, 01 Mar 2007 15:34 See my Blogs: http://bankruptcynews.blogs.bankruptcyhelp.org.uk [/quote]   Check here to include your profile signature.