Consumer Advice Flashcards
1
Q
Citizens advice
A
Charitable organisation providing free, personalized advice on non/financial issues
+ helpful for low income citizens (free)
- advisors may not be financial professionals (cant deal with complex problems)
2
Q
Individual financial advisers (IFAs)
A
Professional individuals who provide independent advice on financial products (insurance, mortgages)
+ dont receive a commission (not forced to) from any financial products recommended
- charge for services
3
Q
Price comparison websites
A
Websites that compare features and prices of different products by diffeeent suppliers
+ free to access, 24/7 access, allowers consumers to choose products best for their needs and budget
- may not include all websites and can be biased to certain comapnies and suppliers
4
Q
Debt counsellors
A
Individuals providing financial advise to individuals in debt
+ personalsied advice on budgeting and dealing eith creditors
- some debt counsellors charge a fee for service
