Myvesta US Articles

Over and over again through print or on the airwaves it is being said that bankers have learned their lesson from the current economic crisis and credit will no longer be extended to people in the subprime market.

On one hand I can't help but feel desperately sorry of the tens of thousands of employees that will be punished for the failure of Lehman Brothers and Merrill Lynch. With Lehman falling into bankruptcy and Merrill being consumed by Bank of America, significant changes are going to happen to the respective employees of each company.

News of late regarding the failiure of IndyMac bank would lead you to believe that your money is not safe in banks. Fact or fiction? Are you willing to gamble with your money to find out?

Wouldn't it be nice if every government had the desire and resources to eliminate consumer debt like is proposed in Kuwait?

Unilateral actions by creditors are forcing more American's into difficult financial positions and fueling financial disaster.

As a result of the credit crunch first-time buyers are finding it increasingly more difficult to get on board the property ladder. Not only is it due to the staggering rise in UK house prices over the past decade but also the fact that mortgage lenders are now reducing the amount they are prepared to lend as part of their tighter lending conditions.

Plans to revolutionise the European credit market may have knock on effects for UK shopper.

This all began innocently enough and escalated into the recording of this loan sales call. A member of our UK office received an unsolicited text spam message on her mobile phone advertising a loan from NoWorriesLoans. So we were all sitting around and decided to call the number to see what they were offering.

If you have not heard, this dude Ben Bernanke is the new chairman at the Federal Reserve in the United States. As the leader of the central bank of the U.S. you'd hope that he'd have top notch crack analysts on his staff to give him the critical intelligence that the Fed need to run the show.

According to a recent analysis of credit card delinquency data from America, consumers are rapidly falling behind on their credit card bills.

The once vain hope that a credit crisis was limited only within a subprime mortgage market can no longer be true.