The key is to deal with debt as part of your long – term financial plan. You need to clearly understand your long – term financial goals and then look at all the options you have available.

The two key areas that are often missed when creating a plan to manage debt are the pre-work (analyzing cash flow) and the post-work (implementing a comprehensive credit rebuilding plan and how to use any additional cash flow to meet their long term financial goals). These are ultimately the cornerstone of a solid debt restructuring plan and can be the difference between success and failure.

4 Pillars works hard to have one of the highest success rates in the industry.

Stop worrying and do something positive about your situation. 4 Pillars has an exclusive loan program that allows consumers to reduce the impact on their credit rating within 5 years.

The debt restructuring plan gives the same or greater debt reduction needed to remove the stress and makes the payments manageable and the loan program gives a significant reduction in the impact on the credit rating. It’s really the best of both worlds for anyone facing overwhelming debt.

This approach and a comprehensive credit rebuilding program will allow our clients to reach a 650 beacon score within 24 months, this is the magic number the traditional banking systems associated with a client that is rehabilitated and creditworthy.

A couple came to me, mid 60’s, with 70k in debt. This debt was accumulated because they took on the responsibility of helping their family when no one else would. Can you imagine THEIR stress, even without the debt!!

She was very sensitive, embarrassed and ashamed about the debt. I asked her how much she was paying monthly to service the interest. She said about $1200 to $1400 a month! She had taken a second job catering, she didn’t like it but she needed the income. It broke my heart. This woman should be retired not working two jobs. They felt alone, helpless, and lost in debt.

After reviewing their options, we found that the best one for them was to file a consumer proposal. I was able to arrange the consumer proposal to be accepted by her creditors at $16,500! When it was passed this is how it helped them;

• 1. The creditor calls they got day and night stopped – those alone could drive anyone crazy!
• 2. It reduced their monthly payment to $275.00 per month interest-free for 60 months! That freed up over $1000 extra per month!!! What would you do with an extra $1000 per month?
• 3. Now that the financial crisis is passed I will work with them to rebuild their credit so they never get themselves into this situation again.

After the debt restructuring plan was completed I literally saw the weight fall off her shoulders. They saw the light at the end of the tunnel and are now saving for retirement. This is why I do my job!

Over the past 12 years, 4 Pillars has developed consumer strategies for dealing with debt and credit relief problems.

We start by confidentially learning about your current debt and credit problems and as we gather your personal information. Once we have created a detailed debt restructuring plan we meet with you to review all your options so you have all the information you need to make a decision and discuss what our debt restructuring plan can do for you.

As we work through the plan we work together to analyze your current budget and understand how your cash flow will increase after the debt restructuring plan and how you can use it to meet your financial goals and plan for the future.

Once the debt has been dealt with its time to deal with your credit rating. What many people don’t realize is that once the debt has been eliminated rebuilding the credit is just as important to reduce future vulnerability to emergency expenses.

Case Study 1: Loss of Job
Angela came to 4pillars after trying to get a handle of her debts on her own. She was laid off from her job when her position was eliminated, leaving her to find any type of work she could. After months of no success, she had no choice but to go on Employment Insurance.

Her bills came and debts started to add up. When I met her she was working at a minimum wage job, at her wit’s end, and extremely overwhelmed and stressed out about how she was going to managed to repay $55,000 of credit card debt, especially when the interest kept growing.

We put a plan together that Angela was very comfortable with and we were able to reduce her debt to $12,000! Angela now had a plan to be debt-free, stop the interest and have an affordable payment.

The stress was instantly reduced and now we are able to work together on rebuilding her credit.

Case Study 2: Divorce
Caitlin came to 4 Pillars after going through a separation, having vet bills to care for her sick dog and doing everything she could think of to get a handle on her $48,000 of credit card debt.

She was paying over $1400 a month just to satisfying the minimum payment.

Caitlin was getting nowhere on her own. After sitting down with her I was able to go over all of her options. She knew that the Consumer Proposal made the most sense for her. It was also the cheapest option.

She is now paying $325 a month and is able to start putting money aside for retirement and investment. The amount of freedom and relief she has moving forward is priceless.

4 Pillars are experts in debt problems, debt relief strategies, and credit card problems. Consumers come to use when they are facing any number of credit or debt-related issues. Our goal is to support our clients through strategies we have developed over the last 18 years of business. If you are considering bankruptcy or consumer proposal before you go see a Trustee call us today and book a one-hour free consultation as you will be glad you did!

Our office is located at Suite 218, 901 West 3rd Street, North Vancouver, BC V7P 3P9

Our office hours are 9am to 5pm Monday to Friday although out of hours appointments can be arranged if necessary.

On Track Real Estate

Contact: Shirley Louie

Tel: 604 307 8867

Website: http://louierealty.com/

Shirley is born and raised in Vancouver, BC and knows the city in and out. She is very motivated and driven and goes above and beyond for her clients. As a realtor, she offers valuable advice on the market and is a great asset to have on your side when you are looking to purchase a home.