One of the most difficult aspects of falling behind in paying creditors is the constant calls, emails, text messages, and letters demanding payment. Some creditors use a more measured response, first offering to work with individuals in Victoria to make partial payments, to change the payment due date, or even to work on catching up…
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Debt is a very real issue for many individuals and families throughout British Columbia as well as throughout Canada. In some cases, debt is a gradual accumulation of credit card and secured debt, which is increased by late fees and penalties as well as mounting interest on the initial debt. There is also the reality…
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One of the many services provided by a 4 Pillars debt consultant is education about financial planning and management. This is a critical aspect of debt management for people in the Victoria area, helping to provide a strong foundation for rebuilding credit and successfully managing finances in the future. Interest rates are not something that…
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Most people in and around Victoria are aware of the concept of a debt consolidation loan. These loans may be recommended by debt consultants if the client meets specific criteria. As a general overview, a debt consolidation loan is a large loan taken out to pay off all the debts for the individual or the…
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In Victoria, as well as across Canada, consumers have different options to consider to address challenges with debt. Not all of the options are right for all situations, which is why working with a debt consultant from 4 Pillars provides the specific insight and recommendations based on the unique situation. When people in Victoria research…
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Your credit score is like a financial report card. All aspects of how a consumer handles money, including prompt and full payments, debt balance, and even inquiries on the credit score all impact the final score. In Canada, there are two different agencies that monitor credit. These are Equifax Canada and Trans Union Canada. 4…
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Making the choice to work with a 4 Pillars debt consultant allows you to understand your options and to move forward with a plan in reducing and eliminating debt. The first meeting with one of these highly qualified professionals in and around Victoria is a chance to review your current financial and debt situation. This…
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Credit cards are a form of unsecured debt. This means that people in Victoria do not have to put up any collateral for the ability to use credit to make purchases. The credit card company charges interest for the use of credit, and this interest can be substantial. Unfortunately, many people in Victoria become bogged…
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The goal for many in Victoria and the surrounding area is to live a life free from debt. In reality, most people will have some level of debt in their life. However, it can be managed and minimized to work for the individual rather than costing them money. At 4 Pillars, the debt consultants work…
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Unexpected situations can occur in life that derail the best of goals, plans, and intentions. Often these unexpected situations have an impact on our finances, and this creates the risk of falling behind on home, vehicle, and other types of payments and bills. There are three ways to help to minimize the impact of negative…
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