info guidance and advice - B Flashcards
information guidance and advice
1
Q
Citizens Advice
A
- run by charities that offers advice on a wide range of issues both financially and not
- advice offered at physicals centers as well as online or text
- covers advice including debt, benefits, banking, pensions and insurance
2
Q
Independent Financial Advisor
(IFA)
A
- professionals who offer independent advice to their clients on financial matters
- savings, investments, mortgages, pensions
3
Q
Price Comparison Website
A
- websites collaborate prices that allow customers to make comparisons and make deals
4
Q
Money Advice Service
A
- offer free and impartial advice
- government organizational status
5
Q
Debt Counsellors
A
- professional who offer independent advice on how best to manage debt
6
Q
Individual Voluntary Arrangements bankruptcy
(IVA)
A
- allows an individual to declare themselves bankrupt while agreeing to pay all or part of money they owe to creditor through insolvency practitioner
- government organization
- regular payments are made to insolvency practice who then spreads across creditors after deciding how much to pay each one
7
Q
Bankruptcy
A
blacklist from loans and bank restrictions, permanent and has negative connotations
8
Q
IVA
A
allows slow payments
