- What is the difference between a debt management plan and an IVA?
A Debt Management Plan (DMP) is an informal arrangement between an individual and their creditors. Debt management plans are not binding agreements between debtors and creditors and involve full repayment of any outstanding debt over an extended period of time. In a debt management plan an indiv ...
- What is a debt management plan?
A Debt Management Plan (DMP) is an informal non-binding repayment plan often put together by a third-party between the consumer and creditor. Under a debt management plan the creditor may freeze or reduce interest or make some adjustment to the size of the monthly payment. The Myvesta debt manag ...
- Who really pays for the ‘free’ debt management plans offered by creditor funded debt management companies that I hear about?
A few organisations in the UK have adopted variations of the American model for credit counseling where the creditors pay the credit counseling group a percentage of the money the credit counseling company collects from consumers for creditors. In America these activities are now under sever ...
- Why does Myvesta opt for a fixed fee debt management plan rather than ask for creditor funding?
Unlike creditor funded organisations Myvesta does not accept any funding from creditors to manage our DMP programme. It is our opinion that accepting creditor funding to manage consumers debts in a debt management plan is problematic and causes substantial conflicts of interest. Organisat ...
- Is it easy to enrol in the Myvesta Debt Management Programme?
Yes, we make it easy for you to enrol following the receipt of your detailed application. Used in some situations a debt management plan can be an excellent tool to use to break free from problem debt. For more information on the Myvesta debt management plan and its legal protection service o ...
- How much does this cost?
Myvesta offers most of its services free of any cost. A few services have a nominal charged but it is far less than if charged by a commercial company. We attempt to keep our costs as low as possible to benefit you whenever possible.
- How much should I donate?
There is no requirement to donate any amount. We leave that choice completely up to what you feel you are most comfortable with. Most importantly you should not donate any amount that creates a financial hardship for yourself. The best advice is to give an amount you feel comfortable with in ...
- How do I know that the financial gifts I give will go to solve the problems of people in need?
We have created the Myvesta Financial Assistance programme in such a way as to protect the effectiveness and safety of your financial gift or financial grant. Applicants for assistance are reviewed and only those cases which meet our standards are put online for you to consider providing fina ...
- What is the Myvesta Financial Assistance Programme?
The programme is designed to connect people with a financial need with those that want to give but only feel comfortable donating small amounts. For more information on the program visit the programme page. More information for donors and those in need is available in the programme FAQ section ...
- How can I request help through the Myvesta Financial Assistance Programme?
Anyone can request help with any financial need through the Myvesta Financial Assistance Programme. Requests can be submitted online.
- Is it really true that I can get money from Myvesta to pay my bills?
Myvesta has created a unique financial assistance programme to allow people to post their financial need and let others donate any amount they are comfortable with to assist in meeting that need. For those people that receive funds, it truely is free money and for those who choose to assist, it ...
- Who is the AllPaid programme for?
The AllPaid bill management programme assists busy professionals and those who need a safe pair of hands to watch over the monthly finances of the bills of elderly parents. Using special software a Myvesta account manager receives the bills for clients and issues payments. If you would like a ...
- How can I get Myvesta to put together a customised solution for my debt problem?
All you have to do is contact us and we’ll be happy to create a comprehensive customised solution to address your debt situation. We do this using a unique combination of our services to best address your current issues.
- Can you really help me increase my income?
The Myvesta income maximisation programme has assisted others to find free money they were entitled to receive through benefit programmes. The landscape of benefits is complex and intimidating and without professional assistance in ferreting out all of the benefits you can receive, you won̵ ...
- What makes the Myvesta mortgage switching programme different?
Myvesta works closely with FSA registered mortgage brokers to bring optimal loan solutions to you. Having access to a wider variety of loan solutions allows you to have a better chance of lowering your current mortgage rate, find a unique mortgage or allow you to consolidate your debt with a lo ...
- What is the Myvesta money saving directory?
The online directory of links allows users to freely check the price of services they normally use in order to lower the costs of services they have to pay for on a regular basis. The links cover a wide variety of services and can provide for a significant reduction in monthly costs without c ...
- Can you really help me recover unfair bank charges that I’ve paid in the past?
Yes we can. Myvesta has created a service that will represent you to obtain refunds of years of unfair bank charges, credit card fees and payment protection insurance that you may have paid. If you would like for Myvesta to help you recover bank charges, credit card fees or payment protection ...
- Can you help me find a way to increase my income?
Myvesta operates a full income maximisation service that is available to all of its clients free of charge should they require this service. Often the starting point for this process is to arrange for our clients to obtain a comprehensive Benefits Entitlement Check to ensure that they are rece ...
- I’m not sure if the Myvesta money issues counselling service is for my situation. How can I tell?
Anytime you are struggling with any money related issue that is creating conflict and strife in your life, money issue counselling is appropriate. Don’t worry about if your situation fits neatly into a category, we want to help you as much as we can so all you have to do is contact us a ...
- What does Money Coaching involve?
Money Coaching is a programme where you and a Coach discuss and brain storm issues and concerns you may have regarding your personal financial business. It can be setting goals for yourself as to pay off debts, saving for holidays, etc.
Myvesta Programme Questions
