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Finwell Legal Services Review

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R 100
R 350 000
Duration
1 year
APR (est.)
0.01%
Interest rate cost (est.)
R 5,42
Total cost (est.)
R 100 005,42
Monthly payment
R 8 334
over 12 months
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Representative example: Estimated repayments of a loan of r30,000 over 36 months at a maximum interest rate of 29.25% apr would be r1,381 per month including fees. Repayment terms can range from 2 - 72 months. Our service is free, and we only work with NCR-licensed lenders in South Africa. Minimum apr is 5% and maximum apr is 60%.
  1. Loan Amount
    R 0
  2. Duration
    0 years
  3. APR
    0,01%
  4. Min. Age
    18 years

Finwell Legal Services

Juggling an overwhelming amount of debt? Finwell Legal’s mediation services can restore order to your finances. Finwell Legal Services protects your credit profiles, helps you regain control of your finances, and smoothes your path to financial freedom.

Their holistic approach goes beyond debt counseling or debt collection. They mediate your relations with your creditors, protect you from getting listed on credit bureaus, and ensure that your financial recovery doesn’t compromise your credit profile. 

Loan Products and Features

Finwell’s holistic services offer you hands-on, end-to-end assistance throughout your debt recovery journey.

Financial Wealth Assessment 

The Financial Wealth Assessment is the cornerstone of Finwell’s services. This once-off process sets the tone for everything. Here, Finwell evaluates your financial health and identifies the best strategies to achieve stability. 

Key Features: 

  • Personalized consultation with a financial expert.
  • Tailored action plan for financial recovery.
  • Secure payment through DebiCheck to prevent unauthorized deductions.

Affordable Distribution Program   

This program simplifies debt management by consolidating payments into a single, affordable monthly amount. Finwell negotiates with your creditors to lower your payments while putting other measures in place to ensure a clear path to debt freedom. 

Key Features: 

  • One monthly payment distributed to selected creditors.
  • Collaboration with Bornman Marlow Attorneys for legal expertise.
  • Savings through reduced interest and overcharge corrections.

Negative Listing Investigation   

Finwell Legal also removes adverse credit listings such as debt review flags, judgments, and defaults. 

Key Features:

  • Comprehensive investigation of negative listings.
  • Debt review cancellation for improved credit standing.
  • Assistance with paid-up judgments and prescription cases.

First-Time Homeowner Assessment   

Aspiring homeowners can also benefit from Finwell. The homeowner assessment service not only evaluates your odds of securing a home loan but also provides guidance on advancing your property goals.

Key Features: 

  • Home loan qualification checks.
  • Assistance with further advances, including property evaluations.

Finwell Legal’s Application Process

Finwell aims to make life easier for people struggling with their debt profile, and this reflects in their swift application process. To apply for their assistance, you need to: 

  1. Schedule a consultation to assess your financial health.
  2. Receive a tailored plan from a consultant, with a personalized financial wellness strategy.
  3. Automate and secure repayments via DebiCheck on your mobile device.

Eligibility Criteria and Required Documents

Unlike traditional debt solutions, Finwell doesn’t require extensive documentation or long waiting periods. They make the experience as hassle-free as possible.

However, to ensure smooth onboarding, you need to fulfill the following checklist: 

  • South African citizenship or permanent residency
  • A valid RSA ID
  • Verifiable income records.
  • Bank statements for the last three months.

Rates and Repayment Terms

Finwell’s repayment terms are tailored to a client's financial situation. They focus on affordability and flexibility, negotiating for lower interests and flexible terms on your behalf. 

Key highlights of their rates and terms include: 

  • Transparent fees
  • A single, agreed-upon monthly payment for the Affordable Distribution Program.
  • No penalties for early payments to help clients settle debts faster.

Conclusion

Finwell Legal Services isn’t just about debt management; they take holistic measures to empower you financially. Their approach prioritizes your current and future needs, with personalized solutions tailored to your financial goals and future stability. 

They help lower your debt burden by negotiating better terms and fees with your creditors. They even prevent lenders from coming after you. A payment system like DebiCheck prevents unauthorized debiting by lenders and safeguards your privacy by concealing your accounting details. Finwell also collaborates with legal experts from Bornman Marlow Attorneys to seek more ways to protect clients. 

With Finwell, you can navigate your debt situation with confidence and peace of mind, enjoying transparency, security, and trust in every step of the way.