Your Survival plan – When your payments exceed your income. Let’s not beat around the bush, these are scary and stressful times. Remaining physically healthy is the priority — and thankfully, most of us seem to be achieving that. However, very few of us can say our current or future financial situation is a healthy … Continue reading Break glass in case of emergency
There are many reasons that achieving and maintaining a good credit score is important. If your credit score has dropped as a result of struggling with debt or filing a consumer proposal or a bankruptcy, you’ll quickly realize the limitations it places on you. While 4 Pillars Debt Solutions of Muskoka & Parry Sound assists … Continue reading Tips on How To & The Importance of: Rebuilding Credit
If your credit score has fallen as a result of financial difficulties or filing a consumer proposal or a bankruptcy, you’ll quickly realize the limitations poor credit can impose. In addition to assisting clients with the immediate challenge of debt restructuring, 4 Pillars Debt Solutions of Sudbury can also help clients rebuild credit with a … Continue reading Rebuilding Credit – Why Is It Important?
What is the true cost of servicing debt? Consider this, our standard file: $50,000 of credit card debt. If the person would like to pay the $50,000 off in 5 years, they would have to pay an estimated $1,541.67 per month for 60 months. Therefore, the total payback = $92,500 In order to pay back … Continue reading What is the true cost of servicing debt?
Stop cashing out investments to solve debt! There are reasons why RSP’s, insurance policies, equity in the home, among other items are exempt from being liquidated in the event of an insolvency. In an effort to keep this blog post at a reasonable length, I won’t go into detail about our highly leveraged financial system. In … Continue reading Stop cashing out investments to solve debt!