Types

• citizens advice

  a charity run organisation that gives advice on financial and non financial situations through face 2 face, appointments or over the phone
• independent financial advisor

  trained individuals who give independent financial advice on financial products e.g. mortgages, pensions and insurance etc
• price comparison website

  helps customers compare prices of goods or services of different companies
• debt counsellors

  a professional service that offers independent advice to help people with debts
• individual voluntary agreements (IVA)

  an agreement with creditors to pay all/ part of your debt and an insolvency director will divide this money between creditors
• bankruptcy

  a legal process in which people claim to no longer be able to pay off their debts and seek relief from their debts