Frequently Asked Questions
A. The customer (not a third party) should email to either firstname.lastname@example.org or email@example.com or use the "contact us" link on the monywize.com website, and request their account be closed. If they request within the guarantee period they will receive a refund.
A. The concept of mortgage and debt acceleration using a software platform to maximize discretionary income has been used effectively for many years with tremendous results
A. Originating from the UK, this concept has become more mainstream in the United States the past 15+ years.
A. The software platform uses a series of mathematical algorithms to chart the most effective debt repayment plan based on several key factors. By design the platform eliminates all the guesswork by doing all the financial calculations for you. All you need to do is follow the plan.
A. There are many different products on the market that will help you get on track financially however very few offer the benefits of our business model. Our business model is affordable and does more than help you get out of debt, it also helps you build a strong secondary income.
A. Absolutely! Because it is a full spectrum financial management tool the software platform is designed to work for everyone regardless of their financial circumstances.
A. When a customer sets up their account they will be asked to gather all of their financial information and enter it into the software platform. Once the information is complete, the customer simply clicks a button and the software will automatically calculate their wealth acceleration plan which includes a customized monthly budget.
A. Absolutely! During the set-up process all of your financial profile including incomes, consumer/housing expenses, mortgages, bank accounts, etc., are all taken under consideration when calculating your wealth acceleration plan.
A. No. The software platform works effectively based on your current financial profile. You do not need to refinance your home or consolidate your debts. In some instances it might be beneficial, but it is not a requirement using our platform.
A. Making an additional principle reduction payment is helpful, but it is not going to give you the dramatic results that our software platform will give you. Our platform is a full spectrum wealth acceleration program that goes above and beyond simply accelerating the repayment of debts.
A. Unlike other programs, you are not required to apply for a line of credit to use our software platform. Our software platform is designed to give you options including using a traditional checking account as your acceleration account.
A. The platform is designed to maximize your monthly discretionary income which means it will tell you exactly how to effectively allocate your cashflow for the purposes of wealth acceleration through debt elimination. On occasion the platform will make recommendations on paying a debt off quicker but you have full control of your decision-making.
A. The software platform is a full spectrum financial management tool that can be used to help you realize the dream of true financial freedom regardless if you currently have a mortgage or not. If you sell your home and obtain a new mortgage you can use the platform to help you payoff the new mortgage.
A. One of the added benefits of our software platform is that you can create a separate business account that is stand-alone and separate from your personal account. This is ideal for tax purposes as it's always important to keep these records independent of each other.
A. All financial records on business expenditures are recorded in the platform until such time as you choose to delete this information.
A. The software platform is already designed to work with a Canadian mortgage which uses a different amortization schedule than in the United States. Plans are already in the works to launch our business opportunity in Canada!