Pradeep Padmanabhan

Debt settlement, Credit and Financial Literacy Experts

Pradeep Padmanabhan and the 4 Pillars Team

4Pillars has been helping people in Edmonton and Surrounding areas since 2002 in Debt settlement, Credit and Financial literacy awareness. Pradeep has been part of this team since 2010 and has been assisting individuals, families and business handle their financial challenges.

We truly believe that we are the only company in Edmonton which works for the benefit of the debtors and not the creditors. We help the debtors, our clients, get a settlement which is affordable, viable and which is also honoured by the creditors.

In addition to advocating for the debtors to help get the best settlement, 4Pillars also works in the community to spread financial literacy. We are proud to be a founding member of Empower U which is an initiative of the now EFEC – Edmonton Financial Empowerment Collaborative. We host over 20 financial literacy sessions on the credit system to Non-profit organizations running Financial literacy programs in Edmonton.

Pradeep has always believed in providing exemplary service. When he worked as a Telecommunication Professional for close to 30 years, he always gave the best advice and set the standards. His passion for finance made him get into 4Pillars. Although started in North East Edmonton, it wasn't long before he expanded to include the entire Edmonton and surrounding areas like Beaumont, Stony Plain, Sherwood Park, Devon, Leduc, Morinville and Spruce Grove. Seeing the need spread financial awareness in other areas of Northern Alberta, he also opened an office in Grande Prairie and Fort McMurray. Now he services the entire area of Norther Alberta.

4 Pillars Edmonton Territory Expansion

Since 2010, Pradeep and his team have helped thousands of people reduce their debt and regain their financial independence.

In 2016, he started operation in Northern British Columbia, with Prince George as a hub as he believes that there was a need to offer options and superior customer service to the people in those areas.

Pradeep believes it is a privilege that clients have placed so much trust in him and his team. He feels that he has a team which delivers on the 4Pillars promise. Our promise is to advocate for and support the families who need help the most in Northern Alberta and Northern BC.

4 Pillars is Licensed in Alberta

In Alberta, 4 Pillars Consulting Group is licenced as a Debt Repayment Agency.

A Debt Repayment Agency is licenced under the 'Fair Trading Act, Collection and Debt Repayment Practices Regulation' which legislates debt restructuring services to Alberta residents. We proudly meet and exceed all requirements under the Fair Trading Act to deliver the highest possible of standards in Alberta and in the rest of Canada.

4 Pillars Consulting Alberta Licencing: Service Alberta - 4 Pillars Consulting Licensing Page

Warning: We do recommend that Alberta residents use licensed debt restructuring companies which are operating close to your area!

Your debt consolidation and settlement options

Simply paying your creditors back in full or filing bankruptcy is not the only path out of debt.

Your basic debt relief options include:

  1. Debt consolidation
  2. Consumer proposals
  3. Informal proposals & debt settlement
  4. Credit rebuilding
  5. Debt management and budgeting
  6. Bankruptcy (as a final option)

We understand that every debt situation is unique so in order to create a true debt reduction plan we go through the following steps.

If you have specific questions or need more information about any of those options, feel free to email me. My contact info is on the right.

When you work with 4 Pillars Edmonton, here is the typical process that happens.

Step 1: Every client gets an initial free consultation, which helps us in understanding your finances.

Step 2: Based on this consultation, we will explain all the options available for debt reduction.

Step 3: Next we create a personalized debt reduction plan.

Step 4: We will then hold your hand through the entire debt reduction process.

Step 5: We negotiate with creditors on your behalf.

Step 6: We create a budgeting and credit building plan so that debt reduction remains on track.

Click for the BBB Business Review of this Credit - Debt Consolidation Services in Edmonton AB

How we help you get out of debt.

The main reasons why people do not reach out for professional help is fear and lack of information. Like all the other people, I also felt that Bankruptcy was the only option available to deal with the debts. What I found is that this is not accurate and there are many other solutions available to anyone who is struggling and overwhelmed with debt.

Pradeep and his team will explain you all the debt options a debtor has. This is done in a face-face consultation which is free. In addition to the personalized debt reduction strategy, all the 4Pillars clients are also provided with budgeting help and credit education.

Many of our clients have told us that the first meeting itself gave made then feel an sign of relief. They no longer fear the unknown and are also armed with options, which they clearly know.

A recent Edmonton family we helped consolidate their debts

John and Brenda had accumulated lot of debts because banks had provided them huge credit facilities, as the Alberta economy was booming and they were making good income.

They were under the myth that paying minimum payments would help them in debt elimination. The banks also advised them they had excellent credit and so they continued to make minimum payments for about 3 years.

Suddenly the economy turned and John lost his high - income job for about 6 months and he was on Employment Insurance.

This made it difficult to pay all their bills in time and during the same time Brenda got sick because of the stress and she could not get full income. The income dropped but the minimum payments remained the same.

When they fell behind the banks increased the interest rate on 3 of their credit cards as well as on one of their line of credits. John got another income source, but that was with reduced income, the stress at home increased because they had to cut their expenditure on grocery, children's expenses, family visits etc.

The money for all the mentioned activities was being eaten away by their minimum payments.

During these tough times, they were referred to us by one of our earlier clients who happened to know John. During our initial discussion, they were scared because they did not know what to do.

They had heard stories about people losing their assets, and also creditors garnishing wages etc. When we explained them their options, Brenda immediately understood what they had to do but John was still sceptical as he was thinking about the excellent credit story, which their Bank had told them was so valuable.

When we pulled an Excel sheet to calculate the interest they had paid up until now John's jaws remained wide open. That is when he understood that why the banks were telling them about the good credit story. He had paid more than twice the total principal amount owed, as interest.

We then made another calculation based on their situation and we finally got them into a monthly payment of less than 25% of what they were paying as interest alone.

The other main difference was that it was going directly to pay the new reduced principal amount. Yes, their debts were reduced to nearly 25% of the principal amount and they saved $1000's on future interest payments as well. Moreover as an added security for both of them, the monthly amount was also insured against death, disability and even loss of employment !!!

Within 12 months of being into the plan, and backed by our strong budgeting program and of course, most important, their determination and confidence in us, they had their debts eliminated. Today John and Brenda are living a happy life.

They still have access to credit cards, car loans, mortgages but they understand how to effectively use credit and instead of large credit card balances they now have savings. They pay of the balances on their credit cards on a monthly basis and the family relationships have become strong.

Now John laughs at his initial fear, which came from not knowing what he should be doing to get out of debt.

Our debt consolidation expertise

4 Pillars has also been working with the city of Edmonton on Financial literacy and one of the partners in 4 Pillars was awarded the 2012 men of honour in Edmonton for their work in financial literacy.

  • We've helped thousands of families and businesses in Edmonton get out of debt.
  • Licensed by the Government of Alberta to act as a Debt repayment agency.
  • Registered with the Better Business Bureau.

The amounts of individual debts we work with are anywhere from $10,000 to more than $250,000.

Over the years, we have added the expertise of Credit building and budgeting.

The credit rebuilding / credit score building / credit repair and budgeting work alongside our Debt elimination programs to help our clients get out of debt faster and build a strong financial future.

Our Edmonton office

Pradeep works by appointment and so he is flexible to meet in the evenings as well as weekends.

The address is: 5371 75 Street, Edmonton, AB T6E 0W4


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