The economic status of most Canadian families has changed dramatically over the last several decades. Most people throughout the country, including here in Victoria, are facing higher personal debt, lower or stagnant income levels, and increasing responsibilities for caring for parents and adult children. This change has an impact on people during their working years…
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While some people in Victoria may see bankruptcy as a negative, it is a positive and legal step that helps people to discharge their debts through a formalized process. In Canada, bankruptcy is filed through a LIT or Licensed Insolvency Trustee and is not handled by debt consultants. However, debt consultants may be able to…
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It is not uncommon for people in the Victoria area to find themselves struggling with debt over and over again. While debt can occur for reasons that are out of the individual’s control, such as loss of employment or major medical issues, poor financial habits are often overlooked as a cause of reoccurring debt. To…
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Everyone is a unique individual, and everyone’s debt is different, so a personalized approach by a 4 Pillars debt consultant is essential to most effectively find debt relief. Unfortunately, many people attempt to use a cookie-cutter approach to debt relief, only to find out it simply does not work for their financial and life situation.…
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It can be very daunting and difficult to discuss debt and financial challenges. People in Victoria may have hidden or tried to avoid these types of financial discussions for months or even years, resulting in increased debt levels that are becoming overwhelming and impossible to manage. The debt consultants at 4 Pillars Debt Consultants are…
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At 4 Pillars Debt Consultants, we recognize that it is often a very difficult decision for people to seek assistance with financial matters. Many of our clients have tried very diligently to solve their debt problems, and have made efforts to address their debt and become current on their loans, credit cards, mortgages, and other…
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At 4 Pillars Debt Consultants, we work with people throughout Victoria and surrounding areas. These people often have more in common than they have differences, particularly when it comes to finding themselves in debt. In the majority of cases we handle, people have experienced a change in their life that contributed to their financial challenges.…
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Credit cards are not negative or harmful to the financial well-being of a Victoria individual or family, but they have to be used correctly and used wisely. On average, people in Canada have 2.2 credit cards, with almost 90% of all Canadians over the age of 18 having at least one credit card. The Credit…
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There are a lot of myths and misinformation about debt. Some of this is simply outdated information, while other information is from unreliable online businesses, blogs, or financial websites that are offering quick fixes for those that find themselves in debt. Quick fixes to get out of debt are not realistic for people in Victoria…
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Many people in Victoria assume that once a person or a couple has started to pay down their debt through one of the many options possible, the financial pressure is over. They assume the act of paying down the debt is a positive, so creditors and credit reporting agencies should also see this as a…
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