Do You Need To Hire 4 Pillars Of Victoria?

It is important to note that only a Licensed Insolvency Trustee, or LIT, can administer a consumer proposal in Canada. Even though it is possible to reach out to a LIT directly, this may not be the first place to turn when you have a debt problem. 4 Pillars of Victoria has qualified debt consultants who can work with you to help you manage your debt. Once the consultant determines that you need to file a consumer proposal, you will be referred to a LIT.

How Can a Debt Consultant Help?

At 4 Pillars of Victoria, the debt consultant will not prepare, file, or administer the consumer proposal. In addition, they will not deal with any creditors. These are all tasks that can only be performed by a Licensed Insolvency Trustee.

So, what can a debt consultant do to help you with your financial situation? In addition to referring you to an appropriate LIT, you will also receive several benefits, including:

• Advice on the options that are available to you
• Recommendations on proposal terms
• Financial counseling and education
• Provide information related to rebuilding your credit

While a LIT will work hard to help you in your financial situation, they cannot accurately be described as advocates for you. For this role, you need to hire a debt consultant from 4 Pillars of Victoria. You can indeed go directly to a LIT for service, but to ensure that you explore all of your options, it is wise to first hire a debt consultant.