Myvesta UK Articles

Now we all know that times are a bit tough, but we will all get through this.  We always do, right.

Yesterday’s announcement by the Insolvency Service that Simplified IVAs (SIVAs) due in April 2009 will now be scrapped, means debtors will lose out, says R3 the insolvency trade body

Last Christmas it was estimated that four out of five people had received unwanted presents worth a whopping total of £78bn.* During Trading Standards Institute’s (TSI) National Consumer Week, Citizens Advice outlines its ‘Ten Rules of Christmas Commerce’ so that people know their rights when it comes to taking back unwanted gifts. The charity also suggests other ways to make use of presents that can’t be taken back.

Visiting James and Louise this week (names changed) I was struck by how appearances can be so deceptive. Outwardly they appear to have it all; two good jobs, a lovely new home, a rental property and a nice car. They have youth on their side, make a great couple and until recently were looking forward to financially secure lives together.

Heather’s story is an all too common one in Northern Ireland at present, she and her husband had been riding high on the recent property boom over the past few years and bought themselves a newly built home just over two year ago, based on her earnings as a childminder and her husband’s Ian’s (name changed) income and substantial bonuses earned from his job as a salesperson for an wholesaler selling to the construction industry.

The brain trust of personal finance bloggers takes a look at the upcoming U.S. elections.

If you need to stay in touch with the latest consumer credit and debt news, now you easily can with new website.

Imagine going out one day and buying 50 hats, or shopping for a baby or a pet that you don't have. Maybe you decide to buy a couple new cars and just go to the bank, get the money and do it. Or, you might just go to the shops and have a day long shopping spree buying whatever you'd like, regardless of the cost.

Sound like someone who has more money than they have sense?  Or maybe they have won the lottery and don't know how to properly invest their winnings. Try again.   People in the manic phase of Bipolar Disorder often spend money in foolhardy, irresponsible ways such as those above. While not listed as a Bipolar symptom, overspending may be one of the more disturbing results of the disease in that it may force the patient into bankruptcy.

About 340,000 five-year fixed-rate mortgages were taken out in 2003, but research from Mortgage Monitor analysts suggests these consumers are now struggling to meet their monthly repayments.

As the fixed-rate deals expire this year, monthly repayments have hiked by more than 35%.

The average home has lost £6,000 in value over the past six months in the latest sign that the housing market is on the brink of a major decline.