Business Cards Information and Guidance 0.0 / 5 ? BusinessjdcijdivjBTEC NationalEdexcel Created by: ollie dowellCreated on: 22-06-17 11:36 Citizens Advice Organisation is ruin by charities that offer advice on wide range on both financial and non financial. 1 of 22 Independent Financial Advisor (IFA) These are professionals offer independent advice to their clients on matters including savings. 2 of 22 Price Comparison Websites Collate prices for similar goods and services with an industry, allowing to make comparisons like phones. 3 of 22 Money Advice Service Government organisation set up to offer free and impartial financial advice in the UK. 4 of 22 Debt Counsellors Professionals who offer independent advice on how best to manage debt. 5 of 22 Individual Voluntary Arrangments Government organisation that allows an individual to declare themselves bankrupt while agreeing to pay or part of the money owed. 6 of 22 Citizens Advice Advantage Free service, Wide range of areas covered. 7 of 22 Citizens Advice Disadvantage Trained volunteers and not neccessarily professionals, will be limited. 8 of 22 Independent Financial Advisor Advantages Offer by professionals in the field, adviser will take time to understand the consumer financial situation. 9 of 22 Independent Financial Advisor Disadvantages Services will be charged for, Advice offered is not 100% guaranteed. 10 of 22 Price Comparisons Websites Advantages 24/7, free service 11 of 22 Price Comparisons Websites Disadvantages Advice offered is not 100% guaranteed, don't always cover all of the available options. 12 of 22 Money Advice Service Advantages Covers wide range of financial matters, government funded. 13 of 22 Money Advice Service Disadvantages Advice only online or telephone, advice can be generic rather than personal. 14 of 22 Debt Counsellors Advantages Services regulated by the FCA and FOS, professionals advice who specialise in debt. 15 of 22 Debt Counsellors Disadvantages Services will be charged for, Advice will focus on the debt management rather than the whole package. 16 of 22 Individual Voluntary Arrangements Advantages No bias advice, helps with debt repayments. 17 of 22 Individual Voluntary Arrangements DIsadvantages Will feature credit ratings, For setting up and handling fees will be chaged for. 18 of 22 Financial Conduct Authority (FCA) Independent organisation with the remit to regulate the actions of providers of financial services. 19 of 22 Financial ombudsmen Service (FOS) An organisation that are apionted from the government to represent interest of the consumer in disputes with financial services. 20 of 22 Financial Services Compensation Scheme (FSCS) An organisation in the UK that wil pay compensation to a consumer of financial services. 21 of 22 Office Of Fair Trade (OFT) The OFFT is an organisation that was established to regulates all markets, including financial ones. 22 of 22
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