Financial advice 'should be impartial and from a certified source'

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Financial advice 'should be impartial and from a certified source'

Those seeking financial advice should make sure they receive it from a certified and impartial source, it has been asserted.

Head insolvency practitioner of Debt Free Direct Derek Oakley said that financial advice is best issued by those who have "achieved the Debt Standard".

This is so that those who seek help feel the benefits of tailored advice relevant to their individual situations, instead of one-size-fits-all information.

"It is vital that struggling consumers receive impartial advice as to which solution is right for them - based entirely on their individual circumstances," he explained.

Meanwhile, the Office of Fair Trading has warned consumers not to be duped by businesses that claim to be able to help them out of financial dire straits by assisting them to buy or sell their debts.

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