The Bank of Canada points out that, “for most Canadians, debt is a fact of life.” That’s downplaying the situation. By the bank’s own statistics, most Canadians are in serious debt, many of them in dire financial trouble. For those stuck in this situation, it can feel hopeless, and you can feel helpless. A 4…
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Today, it is virtually impossible to live without at least some level of debt. Chances are good that you cannot afford to pay cash for that new car, which means you need an auto loan. You most likely aren’t wealthy enough to pay for your home in its entirety, which means getting a mortgage. You…
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Budgeting may not be your idea of fun, but that doesn’t mean that it’s something you should avoid. Budgeting can be frustrating but spending more than you have available is even worse. When you go to a financial expert at 4 Pillars in Victoria, making a budget is likely to be suggested. We have some…
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If you have a lot of debt, it can easily become overwhelming. For many Canadians, debt has increased a large amount over the last few decades due to expenses rising and wages remaining about the same. The problem is that when you are in debt, improving your credit can be a huge issue. Having the…
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After you receive a credit card, you probably assume you’ll have it as long as you want. Whether you use it regularly or stick it away for an emergency, a creditor is capable of closing your account at any time and for any reason. However, there are a few reasons that are more common than…
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Canadians end up in trouble with credit card debt every day. If you are in that situation yourself, you are not alone. Things like losing your job, getting ill, or having another emergency come up can lead to the need to use your credit card just to get through the month. This can escalate and…
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While one option available to those with debt is bankruptcy, it is not always the right choice. It can be an extreme measure and jumping into it without knowing more about your alternatives is not recommended. In many cases, working with debt consultants in Victoria is a better option. Bankruptcy tends to be more damaging…
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In a perfect world, nobody would have to stress about getting bills paid on time and loans wouldn’t be needed since you have plenty of money in your bank account. For some people, that’s reality, but it’s not common. Most people have various financial needs from loans to bills and retirement while also trying to…
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While personal bankruptcy is an option for those who are having financial trouble, it isn’t the only option available. 4 Pillars has helped families across the country restructure their debt and get back on track. There are a few options besides bankruptcy available for Canadian citizens from debt consolidation loans to better personal budgeting. We’ll…
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Not everyone realizes it, but there are two forms of debt: good debt and bad debt. Even if you’re aware the two forms exist, you may be wondering what the difference is. The answer is less straightforward than you might think, but a 4 Pillars debt consultant in Victoria can help you determine what the…
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