How Is Myvesta Funded?
One of the questions we are often asked as a not-for-profit organisation is how we make money so that we can stay in existence to help people. In our desire to be as open and transparent as possible we wanted to take this opportunity to answer the funding question openly. Myvesta primarily receives funding from the fees that we charge our insolvency practitioner partners for the outsourced customer service and payment processing facility that we provide to them. This arrangement allows us to remain firmly on the side of the consumer and enables our services to be completly free of charge to people that turn to us for help. We also receive donations by caring organisations and individuals that respect what we do on a daily basis and choose to support the work that we do. Importantly, the way in which we are funded means we are not dependent on collection performance analysis or subject to any form of control by creditors. This is a very different, ethical approach to those organisations
