ad dis for financial infomation and guidence

Question 1

advantage of citizens advice

Answer 1

free service

offers face to face and online rlephone advice

Question 2

disadvantage of citizens advice

Answer 2

traied professinals are not professionals in financial issues therefore limited knowledge

Question 3

advantage of IFA

Answer 3

take time to understand individuals financial situation
advice given by professional
regulated by FOS FCA

Question 4

disadvantage of IFA

Answer 4

service will be charged
not 100% uptodate
not guaranteed unbiased

Question 5

advantage of price comparison website

Answer 5

24/7

free service

Question 6

disadvantage of price comparison website

Answer 6

not 100% uptodate
not guranteed unbiased
doesnt cover all the available option

Question 7

advantage money advice service

Answer 7

free
government funded
cover range of financial matters

Question 8

disadvantage of money advice service

Answer 8

only available online
advice can be generic
can take time to look for the advice that is appropriate

Question 9

debt councellors advantage

Answer 9

advice given by professional

regulated by fca and fos

Question 10

debt councellors disadvantage

Answer 10

services will be charged

advice will be om just debt management

Question 11

advantage of individual voluntary arrangement

Answer 11

independent advice without bias

help manage debt repayment- easy budgeting

Question 12

disadvantage of iva

Answer 12

will affect future credit rating

set up and handling fees are charged