Affordable Distribution

This package authorizes us to receive and distribute an affordable amount to your respective creditors after negotiating lower payments on your behalf.

Finwell works closely with Bornman Marlow Attorneys. They assist us with negotiations and legal matters arising from our dealings with the creditors.  Bornman Marlow Attorneys is registered with the Legal Practice Council.

The main aim behind the Affordable Distribution service is to get the consumer to financial freedom in a shorter period than planned, by implementing a savings program by looking at Prescription, the In Duplim rule and overcharge in interest to save the client money.

Affordable Distribution – The facts.

1. Finwell Legal Services DOES NOT LIST you on any Credit Bureau.
2. You conveniently pay one amount (discussed and agreed upon by yourself) to Finwell Legal Services monthly and we pay all the Creditors you have selected to be part of the Affordable Distribution process.
3. The success of this process is dependent on the partnership between Finwell Legal Services and yourself.  You will be required to provide the required documentation promptly to allow us to start the process to your financial wellness.
4. Your first payment is utilized by Finwell Legal Services to cover the cost of negotiating with your creditors and the restructuring of your debt, under voluntary distribution, and the opening of your distribution account. This cost is also inclusive of administration and management fees.  In the event of wanting to cancel this agreement, you are to do so in writing. Please note that you shall not be entitled to any refund of amounts which we may have withdrawn while this arrangement was in place.
5. Your second payment as well as all future payments will be distributed to your creditors, as agreed upon, on the application.  These payments are processed through the distribution account, facilitated by IMB Financial Services, and the Finwell Legal Services platform.
6. It is recommended that you start your journey to Financial Wellness on a clean slate and open another bank account to receive your salary to avoid double deductions should you not be able to stop your debit/stop orders. We can assist with the opening of a new Bank account. PLEASE NOTE that should you have debit orders on your bank account, it is your responsibility to have them stopped and to inform the bank regarding the program you have entered. We can assist in this regard by supplying you with a Bank cancellation letter which will assist in the debit order cancellation process at your Bank.
7. Please notify your employer of your new banking details for future salary deposits.
8. Should your creditors or their legal representatives contact or harass you, please send them a copy of our correspondence or refer them to our legal restructuring department.  Alternatively, obtain their contact details so that our office can contact them on your behalf. Please note that this is an informal restructuring program, and you might have already been listed on the Credit Bureau.
9. Accruing interest can still be charged by the Credit Provider.

IT MUST BE NOTED THAT DURING THE FIRST 30-90 DAYS YOUR CREDITORS MAY STILL CONTACT YOU – Kindly refer them to Finwell Legal Services.