Why Debt Settlement from 4 Pillars Might Be Right for You

Knowing that you are in debt is a horrible feeling. If you start to fall behind on your payments, sometimes it feels like there is no way to get yourself back on top of your finances. When you speak with someone at 4 Pillars, you get expert advice from a trained consultant who understands how serious your financial situation is, how you can move forward, and what options are available to you. You start to pay off your creditors while learning more about debt and finances.

Keep Bankruptcy at Bay

While there may be some situations where bankruptcy is the right solution, it should be considered after other options have been ruled out. It becomes a part of public record and will be an issue for your credit for many years. Also, you are required to give up any assets that aren’t qualified as exempt. Another option is a consumer proposal, but this should also be reviewed against all other options. Debt settlement is an option for many. A 4 Pillars Debt Specialist can help you find a repayment plan that works for both you and your creditors. There are many options to he you reduce and eliminate your debt while you build credit at the same time.

Save on Interest Fees

This is another reason that debt settlement with the support and guidance of 4 Pillars in Canada is an option to consider. When you make your monthly payments on various debts each month, you’re not only paying back what you borrowed but also paying massive amounts of interest. There may also be late and overcharge fees to deal with if you fall behind on your payments. When you work with your creditors directly to settle a delinquent debt, you often have a reduced amount to pay and they are willing to reduce the principal, not just your interest rates. In many cases, you can be out of debt much sooner.

Communicate with Creditors

When you are talking to a creditor or debt collector on the phone, remember they only their interests at heart, when you work with a debt settlement expert from 4 Pillars, they are on your side. This person is tasked with helping you build a settlement solution that works for you, not anyone else and that you can confidently present to your creditors. Instead of speaking with creditors without a plan or support, you’ll have someone to help you prepare and support you during the process. This makes it less stressful and easier to focus on the plan and not be intimidated by speaking with your creditors.

At 4 Pillars, we offer numerous solutions for those having financial difficulties in Canada. You can learn more or get in touch with us at 4pillarsdebtconsultants.ca