Myvesta Australia Articles

Living in Australia But From the UK And Need to Go Bankrupt. You Now Cacn.

Steve Rhode — Thu, 03 Jul 2008 15:14:49 -0400

It seems nowadays with the world becoming smaller and smaller, people are moving all around the globe due to employment opportunities and for warmer climates.

With this new found sense of space and travel, comes a few challenges along the way.

One challenge is maintaining ones personal finances from abroad, in particular Australia.

As a British Citizen, you can move about freely in many parts of the world, and if you desire, move to any of country to reside. But what about any debts you have that are based in the UK?

Going Bankrupt in the UK While You Live in New Zealand

Steve Rhode — Thu, 03 Jul 2008 15:09:19 -0400

It seems nowadays with the world becoming smaller and smaller, people are moving all around the globe due to employment opportunities and for warmer climates.

With this new found sense of space and travel, comes a few challenges along the way.

One challenge is maintaining ones personal finances from abroad, in particular New Zealand.

As a British Citizen, you can move about freely in many parts of the world, and if you desire, move to any of these countries to reside. But what about any debts you have that are based in the UK?

Decision Deadline One Step Closer

myvestaau — Thu, 21 Feb 2008 09:22:58 -0500

It is generally assumed in Australia that banks and lenders have access to a person's full credit history however this is not the case. Australia is currently one of four countries in the developed world (the others being New Zealand, France and Italy) still operating under a negative reporting system. Under this system, banks and lenders only have access to past customer applications for credit, and whether a default has occurred in the past five years. This means they don't have as much information as they should when assessing a credit applicant's true ability to repay a loan.

Rising Interest Rates Inflict Acute Pain On Australian Homeowners

myvestaau — Fri, 08 Feb 2008 11:48:34 -0500

Acute pain is being experienced by Australian homeowners Prime Minister Kevin Rudd told reporters. Rising interest rates and the credit crisis are putting more pressure on homeowners.

Citigroup Ends Up With Egg On Its Face

myvestaau — Tue, 05 Feb 2008 07:46:32 -0500

Egg, the internet bank in the UK, owned since May 2007, by US giant Citigroup, has within the last few days Egg's given a number (7% or 161,000) of its credit card customers notice that it is ending their credit card agreements. This is about the bank off loading people who they can't make money out of. That includes people who always pay back in full and on time.

Doctors to Check Your Temperature and Credit Score Before Treatment

myvestaau — Wed, 23 Jan 2008 08:39:01 -0500

Sporting the impressive name of medFICo score the infamous credit industry Fair Isaac Corp., have a hand in its design and there are rumours that it could be making an appearance in some hospitals by the start of the summer.

Increased Consumer Debt Causes Concerns in Victoria

myvestaau — Mon, 14 Jan 2008 11:25:08 -0500

According to a recent article published last week in the Herald Sun newspaper Victoria has been deemed to hold the highest consumer debt than any other Australian state.

Recorded insolvency and debt agreements are soaring and in fact statistics show that from October to December 2007 a total of 1,165 non-business related bankruptcies were registered in Victoria a 9% increase on December 2006.

Credit and Debt Resolutions for the New Year

Steve Rhode — Mon, 17 Dec 2007 06:58:24 -0500

It’s getting to be that time of year again. A time for joy, for sadness, for guilt, for pleasures and for bills.

The holiday season comes every year and yet people are annually surprised by holiday bills, and they will be again this year.

Banking Ethics: Why Are They Different?

Steve Rhode — Tue, 11 Dec 2007 02:43:25 -0500

My background in medicine taught me at an early age that the ethics of medicine are to do no harm to the patient and put the patient’s needs first. If medicine was only about the rate of financial return then more patients would be put through unnecessary tests to generate income or given medicines that provided financial incentive to the doctor. We view those situations as wrong and unethical.

Collecting and the Debt Collector

Steve Rhode — Sun, 25 Nov 2007 04:57:52 -0500

One of the blogs that I enjoy reading recently posted a very interesting article that wanted me to share it with you.

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.