Myvesta UK FAQs

Category » Budgeting & Managing Your Money

There were 8 questions found in this category:

1. Trouble meeting minimum payments. Need a solution to handle this debt!
   Quesion; I'm really confused which way to turn. I have about 50k of unsecured debt, a property with little to no equity (maybe 5k to split between my wife and I). I can afford to meet our basic living expenses but meeting the minimum on our credit cards is just too tough with interest and charge ...
2. What is Life Interest?
   Life interest is a beneficiary’s right to receive income from a trust during his or her lifetime.
3. Recommendations on how to controll cashflow effectively?
   You should speak with a Myvesta Money Coach. A Myvesta Money Coach is a trained and knowledgeable professional that can give you the answers to your money questions.
4. My elderly relative is now unable to manage his money due to his health. What can I do?
   When an individual is unable to manage their daily finances due to health reasons this can present a great deal of stress to the individual and their carers. Often it is a good idea for a relative or professional organisation such as Myvesta to act as an Appointee to the individual. Appointees ...
5. My boyfriend owes £400 of unpaid bankcahrges which have been passed onto a debt collecting agency. Can he fight the amount he is due to pay?
   He can take this to the small claims court if he so wishes. We can help you claim back your bank charges here.
6. I have not paid my debts since 2004, how do start to contact my creditors again ?
   If you want to know who you owe money to the easiest way is to get a copy of your credit file from one of the credit reference agencies ( Experian, Equifax , Callcredit) , all have websites with their contact details. Once you have your list of creditors and you need help arranging a repayment p ...
7. My partner got a loan and they wanted to see my earnings as well as his own am I liable even though I signed nothing stating to be a guarantor?
   One of two things has happened here. Either the lender was just looking at total household income in an attempt to make a good decision in granting the loan to your partner or, more worrisome, is some indication that you signed anything at all. If you did sign a document as part of the extens ...
8. Can you help me with free budgeting and bill paying service when I am doing an IVA with Myvesta?
   Although the insolvency practitioner is responsible for the supervisory requirement of the IVA process, Myvesta has aligned its systems to enable us to extend our international expertise in budgeting and household money management in order to make the entire IVA process as convenient and easy a ...