infomation, guidence and advice definitions

Organisations providing financial information and guidance.

- Citizen advice
- Independent financial advisers (IFAs)
- Price comparison websites
- bankruptcy
- Debt counsellors
- Individual Voluntary Arrangements (IVAs) and bankruptcy

What is Citizens Advice?

It's a charitable organisation that provides advice on financial and non-financial issues (e.g. debt, tax, borrowing, consumer rights)

What are IFAs (independent financial advisers)?

These are professionals that provide independent advice and guidance on a range of financial products (e.g. mortgages, pensions, investments).

What are price comparison websites?

These are websites that compare prices of products (services).

What is bankruptcy

a legal process for individuals who cannot repay their debts, allowing for an orderly distribution of their assets to creditors and providing the individual a "fresh start" from most debts

What are debt counsellors?

Professionals that give advice on methods of repayment methods.

What are IVAs (individual voluntary arrangements) and bankruptcy?

It's an agreement with creditors to pay all or part of debts.