Information, guidance and advice pros and cons

Pros of Citizens Advice

- free service
- wide range of areas covered
- offers face-to-face, online, telephone advice

Cons of Citizens Advice

- trained volunteers aren't professionals, therefore may lack financial knowledge (or limited knowledge)

Pros of IFAs (independent financial advisers)

- advice offered by professionals
- service offered is regulated
- advisers will fully listened to the customer's situation

Cons of IFAs (independent financial advisers)

- fees need to be paid
- advice offered isn't guaranteed to be 100% up-to-date (unbiased)

Pros of price comparison websites

- 24/7 (easy access)
- free service

Cons of price comparison websites

- information isn't guaranteed to be 100% up-to-date (correct and unbiased)
- don't always cover all the available options

Pros of bankruptcy 

Cons of bankruptcy

Pros of debt counsellors

- free advice
- specialized advice provided (due to advisors specialized in debt management)
- service offered is regulated

Cons of debt counsellors

- advice only focused debt management issues

Pros of IVAs (individual voluntary arrangements) and bankruptcy

- helps manage debt repayment with regular payments (easier budgeting)
- independent advice

Cond of IVAs (individual voluntary arrangements) and bankruptcy

- fees need to be paid
- will affect future credit ratings