We help to reduce your debt by up to 80% and get you back on track. Up to 97% of families successfully complete the plans we create and become debt free.
From Unionville and Berczy Village to Cornell, Cathedraltown, Milliken and the Markham side of Thornhill, many Markham families carry large mortgages along with car payments, childcare and support for relatives. When the credit cards and lines of credit start carrying the household, 4 Pillars helps Markham residents understand every option and choose a plan that fits.
Your first consultation is free and confidential. You’ll leave knowing where you stand and what your realistic next steps are.
Many of the people we hear from in Markham work in tech, professional services or their own small businesses, and commute on Highway 7, the 404 or the GO Stouffville line. Others live in multigenerational homes where one person’s debt affects the whole household. We start with your real numbers, then explain which options fit, from a tighter budget and money coaching and a debt management plan to a formal solution through a Licensed Insolvency Trustee. See all of our services.
A consumer proposal is often the first formal option to compare for a Markham household with steady income and more unsecured debt than it can repay. You offer your creditors part of what you owe over up to five years, with no interest, and you generally keep your home and other assets. Only a Licensed Insolvency Trustee can file it, and your creditors vote on it. 4 Pillars is not a trustee. We help you prepare and connect you with one. How a consumer proposal works.
With home values as high as they are in Markham, bankruptcy is rarely the first choice for homeowners with equity. It’s more likely to fit someone who rents, has a modest income and has few assets. Only a Licensed Insolvency Trustee can file it, and Ontario law decides which assets you keep. Learn about bankruptcy.
A consolidation loan can roll several payments into one if your credit is still good, but it replaces one debt with another rather than reducing what you owe. Refinancing or a home equity line of credit moves unsecured debt onto your home, so compare options for homeowners first. Once your debt is under control, we help with credit rebuilding.
Nearby? See our Scarborough and North York pages.
Only your own share of the home’s equity is considered, and you generally keep the home in a consumer proposal as long as the mortgage is paid. Your parents’ ownership isn’t part of your proposal.
A consumer proposal appears on your credit report, not your spouse’s. The exception is any debt you share or that your spouse co-signed.
Filings are recorded in a federal insolvency database that anyone can search for a fee, but most people never look. It will also show on your credit report. It isn’t announced to your neighbours or your employer.
Yes. Call 250-410-3963 or use the form on this page to book your free consultation by phone.
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