My iTunes refuses to confirm my billing address!

I have entered all of my billing inquiries correctly, but it is still stating "We couldn't verify your address. Make sure you have entered it correctly" blah blah blah! WHAT IS GOING ON! I don't want to pay for Apple to decide what is wrong.

When I launch the app it launches but when it tries to download anything, or if I try to do anything that requires connection to the store it just waits endlessly. After a very long while I get a message saying I should check my internet connection.
Many thanks.
With those symptoms, I'd try the following document:
Apple software on Windows: May see performance issues and blank iTunes Store
(If there's a SpeedBit LSP showing up in Autoruns, it's usually best to just uninstall your SpeedBit Video Accelerator.)

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