Owning a home is a dream for most individuals, couples, and families living in Victoria. Over the years, the cost of housing in the city, and in the surrounding areas, has increased dramatically, which creates higher mortgage payments for owners throughout the term of the mortgage. In Canada, foreclosure can occur when mortgage payments are…
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Humans are all creatures of habit. We tend to repeat the same behaviours over and over again, and the habits we have developed over a lifetime with regards to money and debt are often very difficult to change without help. Working with our 4 Pillars debt consultants in the Victoria area is an effective way…
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Many people do not pay close attention to their finances, particularly in times of high income and significant opportunities. However, in Victoria, as well as across the province and the country, things can change rapidly, with people facing layoffs, downsizing, and business closures. Emergency financial situations can also occur, which can result in a rapid…
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Most people do not get into debt over a single issue or incident. Instead, there is a slow or more rapid accumulation of unpaid bills, loans, credit card bills, and other types of financial obligations. At first, individuals or couples may be able to juggle the debt, paying just the minimums or strategically planning which…
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Unfortunately, it is impossible to consider or to plan for all things that can happen in life. Sometimes, through no fault of your own, issues such as the loss of a job, divorce, emergency situations, or unexpected expenses can create financial difficulties. Missing a credit card payment or two may not seem like much, but…
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Credit card debt is a problem across Canada as well as throughout the world. Credit card companies use a range of different methods to get people to buy on credit, and they may offer zero percent introductory interest and other incentives to encourage card use. Then, once that period is over, the interest rate can…
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Living with crippling debt can be difficult or in some cases impossible. Your creditors may have the legal option of garnishing your wages. They can also take the steps to seize assets like your car or lien your home if you default on what you owe. Rather than live indebted to dozens of different creditors,…
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If you’re in debt and struggling with your finances, you need to seek out help. There is no better way to do this than with a debt consultant. These professionals can look at your personal financial situation and make recommendations to give you a strong path forward. The following are a few things that you…
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Relationships can be sweet, but the end of them can cause a lot of devastation in your finances. You may feel a bit overwhelmed if you have debt and finance problems after a recent breakup. Fortunately for you, there are many tips you can use that may help. The following are three tips for improving…
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Carrying too much debt can be a problem. It can decrease your credit score, make it difficult to get loans and also eat up too much of your income, preventing you from saving for things like retirement. Here are some ways you can reduce your debt and free up more money in your budget. Consolidate…
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