The method you choose will depend on the amount of debt you have.Add up the balance on all accounts to be consolidated.
Using the Willis Owen Platform makes the process of taking control and keeping in touch with your investments easier than ever.
Consolidation is not right for everyone, make a decision that's right for you. Your payments will remain the same until all the creditors are paid off. You must keep up with your monthly statements and forward them to the consolidation agency. You can't use your credit card until you're done with the debt management plan. A debt management plan is not bankruptcy, but it will appear negatively on your credit report. Here's what you need to know about consolidating accounts through a debt management plan with an agency. Instead, they have preset arrangements with most financial institutions, many of which lower interest rates and fees, so more of your payment goes toward the balance rather than finance charges. With something as precious as your finances, be exceedingly careful about who you work with.
Their debt management plans can help you get back on track -- but they can also be unnecessary and even detrimental when done through a poorly run organization or for the wrong reasons. These agencies do not make loans, nor do they settle debts.
If you hold your investments directly with the Product Provider themselves e.g. then the chances are you will be in what's called 'Commission-included' Funds, whereby all charges are built into the Fund price.
In this instance you would need to make a Cash transfer to the Willis Owen Platform, whereby you are able to purchase Funds again once monies from your original Product Provider have cleared into your Cash account.
Call each creditor or institution where you have an account to be consolidated. This balance will include finance charges that have accrued up to the day the account will be paid off.