In 2024, London residents filed 1,581 consumer proposals and the average insolvency case carried $52,806 in liabilities, a debt ratio of 142%.¹ If that sounds familiar, you’re not alone, and there is a way out.
We help to reduce your debt by up to 80% and get you back on track. Explore your options:
Source: Office of the Superintendent of Bankruptcy Canada, 2024 insolvency statistics.
If you are researching your options for financial relief and assistance in London, we can help. We’ve helped hundreds of London families reduce their overall debt and avoid bankruptcy.
We know this time is stressful and feels hopeless but we have helped thousands of Ontarians just like you. Let us show you that while it looks hopeless right now, things can get better.
Every debt situation is different, which is why we walk London residents through every option before recommending a path forward — not just the one that’s easiest for us.
A simple phone call or completing the form on this page will begin the process of getting the debt help you need. Whether you have payday loans, credit card debt, line of credits, consolidation loans or even student debt, if you are struggling to repay it we can help. Our debt relief specialist will reach out to you to gather relevant information on our initial call which is completely confidential. Once we have a clear picture of your situation, we will schedule a free consultation where we can sit down and discuss your goals, as well as all your options to becoming debt free. Unlike other companies, we do not work for the creditors, we are 100% behind our client, meaning you get the advice for debt help that is best for you. Possible solutions could include debt consolidation, debt restructuring, consumer proposal or bankruptcy however when we educate you on these you see that we will want to choose a debt relief option that is best for your situation.
Our clients have a 97% success rate completing the debt relief plan we recommend. Our consultations usually last an hour and during this time past clients have advised it was the best thing they ever did and how it relieved the stress right away. Many people are afraid to reach out for debt help and shy away from getting debt relief because they are afraid how it will affect their credit score. In our consultation we educate you on how your credit score works, and how our plan includes rebuilding your credit. Getting debt free is the #1 goal, however we have a very comprehensive plan to rebuild your credit so you can move on with your life and obtain your goals and dreams. Once you are a 4 Pillars Client you are a Client for Life meaning you will have access to our aftercare program and we will continue to help you for as long as you need it whether it is for budgeting, credit rebuilding or saving to buy your first home we will be there to guide you along the way. We make the process of getting debt help very smooth, and do everything we can to ensure our client is treated with the utmost respect. We advise you to research debt consolidation but before you enter into any agreements come and see Steve for advice that is 100% in your best interests – Not Your Creditors.
DEBT is the number one reason marriages fail, businesses go bankrupt and Canadians live with an overwhelming amount of stress and anxiety. 4 Pillars was created over 18 years ago with one goal in mind, to represent their clients with compassion, understanding, and respect, while helping to reduce, even eliminate their debt. Using their expertise in the industry and educating their clients throughout the whole process, the 4 Pillars Model is one to be envied. With a 97% success rate, 4 Pillars clients look forward to a debt-free future and all of the peace of mind that entails.
London’s insolvency numbers have been climbing. In 2024, the city saw 404 bankruptcies and 1,581 consumer proposals filed, a 20.8% jump in proposals from the year before.¹ The average person filing carried $52,806 in liabilities against just $37,133 in assets. These numbers reflect the financial reality for London families dealing with credit card balances, car loans, and lines of credit that have outpaced their income. If you’re seeing your own balances climb the same way, a free consultation costs nothing and commits you to nothing.
¹ Source: Office of the Superintendent of Bankruptcy Canada, 2024 data.
We have found that one of the main reasons people do not seek debt help and shy away from debt restructuring or consumer proposals is because the fear they have on how it will affect their credit rating. Most of our clients avoid bankruptcy and opt for a consumer proposal, which allows them to rebuild their credit while they are paying down their debt. Our 4 Pillars Aftercare Program is the leader in the debt relief industry and has become a game changer for our clients. Rather than try to offer our debt relief clients a little better service than our competitors, through our Aftercare Program we have given clients who need debt help an entirely new experience that allows them to obtain the debt relief they need while educating them so they can move on with their life living debt free.
I was very skeptical at first and put off calling for many months. When I did call and made an appointment, 4 Pillars from the start made us very comfortable and explained the whole process in layman’s terms so even my husband, who has Parkinsons understood. Even then I felt that the ball was about to fall at any time and we would not be approved. But, I was proven wrong and the process is almost complete. Stress is a bad factor for people with parkinsons and this has helped eliminate the stress.
– Ann Barnes
I would 100% recommend 4 Pillars. Everything was dealt with very quickly and I couldn’t be more pleased with the whole experience ! I’m looking forward to the continued support of 4 Pillars to start rebuilding my life!
– JW
Thanks to 4 Pillars. I can now be stress free and focus on my future a lot more without feeling stuck. I recommend if you have any financial issues to go to 4 Pillars. They work towards helping anyone find the best solution for their financial situation. Thanks again!
– MG
They never once made me feel uncomfortable about the situation I was in and not one ounce of doubt that I would pass. I highly recommend 4 Pillars if you need any help with your financial situation
– Michael Gaudio
The London office was very thorough in explaining my options. Helped me in choosing the best solution for my circumstances. The results were very satisfactory. I would recommend to anyone requiring financial advice.
– Emily M Cosby
Working with 4 pillars has been an eye opening experience for me.
I had very little faith that I would ever be able to successfully manage my debt. Now that I’ve worked with 4 Pillars I feel like I can start fresh and begin a life where I can relate to the financial world in a responsible way. Previously I lived life only half here partially because the weight of the debt I had accumulated made me feel like I couldn’t really invest in my life or that I was cheating at being here and now I feel like I can look at my finances without feeling swallowed up.
The future looks much brighter!
– Nathalie Moynaugh
Just when I thought that it is impossible to resolve my financial problems and I’ll never be able to stand on my feet again.. I contacted 4pillars.. He reviewed my case gave me all possible options.. Guided me.. And 4 months later here I am debt free and able to move on with my life… Thank you for all help and support on behalf of me and my family.. I highly recommend 4 pillars services.
– Sam Mghari
Our office is located at 920 Commissioners Road East, Unit 203, London, ON N5Z 3J1 and our phone number is 226-777-8770
The 4 Pillars advantage gives our clients the peace of mind that comes from choosing one of the oldest and largest debt restructuring companies in Canada. Our debt restructuring, credit rebuilding and budgeting services, offered through our Clients For Life™ program, allow us to assist our clients remove the financial barriers they face, and move forward with their financial goals, be that saving for retirement, buying a house or putting their kids through school. No other Canadian company offers such an integrated system for creating financial stability.
We work with families not just in London but throughout Middlesex County including Strathroy, St. Thomas, and Tillsonburg, giving every client the same access to debt consolidation, consumer proposal, and bankruptcy alternatives regardless of which community they call home.
Is a consumer proposal better than bankruptcy in London, Ontario?
For most people, yes, a consumer proposal lets you keep your assets and does less long-term damage to your credit than bankruptcy. But the right option depends on your total debt, income, and goals, which is exactly what a free consultation helps clarify.
How much debt do I need to qualify for a consumer proposal in Ontario?
You can file a consumer proposal with unsecured debt up to $250,000 (or $500,000 for a couple filing jointly). Below that threshold, it’s often a strong alternative to bankruptcy.
Will debt consolidation hurt my credit score?
Debt consolidation itself doesn’t damage your credit the way a consumer proposal or bankruptcy can — in fact, making consistent payments on a single consolidated loan can help rebuild your score over time.
How do I get debt help in London, Ontario?
Start with a free, confidential consultation. We’ll walk through your full financial picture and lay out every option — debt consolidation, consumer proposal, or bankruptcy — so you can decide what’s right for you.
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