+'s & -'s

Cards (12)

positive of citizen advice
free, accessible through multiple ways
negatives of citizens advice
trained volunteers who are not professionals, knowledge in finance may be limited
positives of independent financial advisor
advice is give by professionals and there is no commission
negatives of independent financial advisor
charge fees and it is dependant on the quality of the advisor
positives to price comparison websites
24/7 access, free and easy to compare
negatives of price comparison websites
could be biased and doesn't always cover all providers
positives of debt counsellors
they are specialist that specialise on debts and are regulated by the FCA and FOS
negatives of debt counsellors
not free and service only focuses on debt
positives of IVA
combines debt repayments and is only suitable for debts over 10,000
negatives of IVAs
some debts can be included in a an IVA e.g. court fines and it impacts credit ratings
positives of bankruptcy
suspends any debt collection and debts are fully written off
negatives of bankruptcy
may get their assets repossessed and bankruptcy stays on credit reports for 7 to 10 yrs