Myvesta UK Articles - Articles - Getting Out of Debt

Consumer in UK Finding It Hopeless With Debt

no@spam.com (Steve Rhode) — Fri, 05 Sep 2008 13:51:40 EDT

A slipping economy and increasing financial pressures make the future seem hopeless for UK debtors.

"I Can't Make My Payments or Pay My Bills." A Phrase to Be Heard More in 2008 in the UK

no@spam.com (Steve Rhode) — Wed, 26 Mar 2008 00:00:00 EDT

2008 is not looking like a good year for consumers carrying debt in the UK. All theforcast signs says people should get out of debt as fast as possible to avoid severe financial pain heade across the British Isles.

Mortgage Company Employees Need Mortgage Help

no@spam.com (Steve Rhode) — Wed, 09 Jan 2008 00:00:00 EST

In a twist that might feel like the ultimate irony, two friends in the mortgage business in the United States are now facing the loss of their homes by foreclosure due to missed mortgage payments. The same phenomenon s being experienced by people in England as home repossession rates increase.

So What Have You Done�and�What Will You Do?

no@spam.com (Jon Emge) — Thu, 06 Dec 2007 00:00:00 EST

What resolutions will you make? I know a lot of questions in a short period. But think about it. Will you quit smoking, drinking, philandering, etc. Maybe, you might think, I’ll get my financial house in order. Yes, that’s it. My debts will get sorted this year.

The Collecting Debt and the Debt Collector

no@spam.com (Steve Rhode) — Mon, 26 Nov 2007 00:00:00 EST

In an effort to help you understand why it is wrong for HSBC, HFC, Citibank, Bank of America, Capital One and all the others to vilify debtors when they can’t pay the bills, it is important to understand that money problems are not about the money, they are about the underlying issues.

Journalists - Beware of What You Least Expect

no@spam.com (Steve Rhode) — Tue, 20 Nov 2007 00:00:00 EST

It seems that a journalist has been specifically fired based on the number of hits his articles got. In this case, not enough. Dave Jansen by all accounts did a fine job as a reviewer of televisions for PC World magazine, published by IDG. The problem came when the publisher decided to carry on with an online version only and looked at the number of people surfing the television review section. The issue here isn’t that Dave sucked as a writer, only that his readership and hits weren’t big enough. Again, size matters.

Finding Easy Money, In The Most Unlikely Places, to Pay Off Debt

no@spam.com (Steve Rhode) — Sun, 09 Sep 2007 00:00:00 EDT

Years and years of consumption can lead to a very unusual side effect besides debt; clutter and junk. It isn’t surprising that a fast growing business segment is the building and renting/letting of self-storage facilities. Not only are we buying more stuff than we have space for but we now need to pay for places to store it when it gets to be too much.

Debt.co.uk Expands into Scotland

no@spam.com (Myvesta UK) — Tue, 29 May 2007 00:00:00 EDT

Debt advice group Debts.co.uk said it had raised 1.63 mln stg through an equity placing, and announced the acquisition of Scotland-focused rival Adie Financial Solutions.

Debts.co.uk is paying Adie shareholders 400,000 stg in cash, funded through the equity placing, as well as 95,238 shares in the enlarged company. The balance of the proceeds will be used to provide additional working capital, the company said.

Debt Denial Can Break Families and the Economy Silently

no@spam.com (Myvesta UK) — Tue, 29 May 2007 00:00:00 EDT

However, economists and debt charities are pointing to a new threat that, if left unchecked, may bring down the UK economy. The problem is in the number of people who are suffering from debt denial.

The media started writing last summer about consumers who kept their debts secret from everyone, including the banks and their spouses. These stories have led to a new term being coined – debt denial.

The problem of debt denial has grown large enough that many economic analysts are suggesting that the problem will be the ‘last straw’ that brings the entire UK economy crashing down.

Debt Charities, like Citizens Advice, have seen a dramatic increase in the number of people who are caught up between trying to maintain the lifestyle their family expects through secured loans and other borrowing, and the mounting debts that threaten to send them to bankruptcy.

Living in the Present Whilst Thinking of the Future

no@spam.com (Jon Emge) — Thu, 22 Feb 2007 00:00:00 EST

As a Financial Counselor I am asked daily by clients to give my advice on getting a mortgage or credit in the future, whilst they are currently reviewing going bankrupt. Why is the cart always put ahed of the horse?