Myvesta UK Articles

When you have debts you are struggling to service it can be difficult to get your head around the options that are available to you; one thing I say to people is to look at those options as a line or series of things you can do, starting at one end and looking down towards the other end.

What would you do if someone owed you £10?  Suppose it was £100, or £1000, or even £10,000, what would you do to get your money back?

The money you lent, in good faith, expecting to be repaid.

Help me to go bankrupt...help me to find a solution to my debts....help me restructure my finances....

The list could go on and on and on, but the answer to these questions is the same...Myvesta!

I have written before about the positive aspects of placing debts in a debt management plan, but I have had quite a few calls this week that really show it as a strong option for many people.

For some people with debt issues, offering a settlement offer to their creditors can be a way out of debt.  Making an offer of less than what is owed to settle the debt in a full and final settlement.

Today, Tuesday January 20th is a very historic day in America; the new President will be sworn in.  And while there may have been some small threats and grumblings, this new President is coming into office with a huge favourable rating.

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

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.

You have heard it all before, on the news, in the papers, and many are really living it, we are in or close to a recession!  It depends on who you ask as to if we really are or not. But splitting hairs aside, we are in some deep financial doo doo.   Companies are closing down, major financial networks/banks are being hit hard, the mortgage business is in trouble, not a pretty picture.  But how are we as Britains handling this and what can we really do.

For so long people have been told that when they can’t afford their payments to creditors that they should make token payments as little as £1 per month and that will keep their creditors at bay.