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.
Our personalized approach covers the full range of services, including debt restructuring, consolidation options, budgeting and credit rebuilding. As part of our Clients for Life™ aftercare, you get tools and support to stay out of debt and reach your financial goals, without judgment or blame.
From the Annex and Yonge and Bloor to Leslieville, the Danforth, East York, Parkdale, Liberty Village, the Junction and midtown, Toronto households are carrying heavy housing costs, whether that’s rent on a downtown condo or a mortgage renewal on a semi. Many people we hear from work in hospitality, health care, retail, the gig economy or on contract, or are recent grads from U of T, TMU or George Brown, and an income change can quickly make credit card and line-of-credit payments unmanageable. 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.
If your income covers a regular payment but not your full unsecured balances, a consumer proposal lets you offer creditors part of what you owe over up to five years, with no interest, and you generally keep your 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.
For a Toronto renter with limited income and few assets, bankruptcy may be the more realistic route. Only a Licensed Insolvency Trustee can file it, and Ontario law decides which assets you keep. We’ll go through what it would mean for you before you meet a trustee. Learn about bankruptcy.
A consolidation loan can replace several payments with one if your credit is still good, but it doesn’t reduce what you owe. Refinancing or a HELOC moves unsecured debt onto your home, so compare options for homeowners first. Once your debt is under control, we help with credit rebuilding.
Elsewhere in the GTA? See our North York, Scarborough and Mississauga pages.
No. You can go directly to a trustee to file a consumer proposal or bankruptcy. Some people choose to work with us first to understand their options, build a budget and plan for credit rebuilding. If you do, ask us what our services cost before you commit.
Generally, yes. Store credit cards and buy-now-pay-later plans are usually unsecured debts, so they can be included in a consumer proposal along with your other cards and loans.
Yes. Call 250-410-3963 or use the form on this page to book your free consultation by phone.
We work for you, not your creditors. After your free initial consultation, we’ll explain the options that fit your situation, including what each one costs, and help you choose. We’ll also work with you on a manageable budget and on rebuilding your credit.
4 Pillars was created in 2002 with one goal in mind: to help clients deal with debt with compassion, understanding and respect, and to educate them throughout the process.
4 Pillars’ relationship with their clients doesn’t end once their debt is reduced. They work with their clients, educating them while helping to rebuild their credit. So when their clients are ready to re-enter the world of credit they do so armed with knowledge and the confidence to avoid future debt as well as the ability to spot a predatory creditor who will take advantage of them.
Nicola is the single mom of an amazing little girl. Because she was young when she had her daughter, she wasn’t able to go to University as she’d planned. Though her parents helped when they could, Nicola was determined to raise her daughter on her own, even if that meant working a series of minimum wage jobs. When her father passed away quite suddenly, he left her mother with no financial support. So Nicola’s mother moved in with her and her daughter. Though a great help with her granddaughter, Nicola’s mom was also an added burden financially. Nicola soon realized if she was ever going to provide real financial security for her family she would need to do something about her growing debt.
When a co-worker recommended 4 Pillars Toronto, Nicola was skeptical. She’d heard about companies taking advantage of people in her situation. Our Toronto team took the time to answer all of her questions and address her concerns, and together they put a plan in place that brought what she owed from $40,000 down to $13,000, which she expects to pay off within five years. We also helped her build a realistic budget and start rebuilding her credit, so she can save for her daughter’s education and plan for her own future.
Results vary; every situation is different.
Phone: 250-410-3963
Our debt restructuring, credit rebuilding and budgeting services, offered through our Clients for Life™ program, help Toronto clients remove the financial barriers they face and move forward with goals like saving for retirement, buying a home or putting their kids through school.
A mutual friend of ours thought 4 Pillars would be great for you! Sign up below to learn about Debt Education, Credit Building, Financial Management & More!
Disclaimer: If you are a WFG Agent please submit your referrals using this page.
Contact your local 4 Pillars office if you have questions or would like to leave a comment about your 4 Pillars service.
