June 2016 Bob Hauck, 4 Pillars Consulting Group, Kamloops, BC Jason was in trouble and he knew it! He didn’t have much debt – really only about $10,000, but it was the worst kind of debt – payday loans. Much like the 1980’s cult classic movie, “Escape from New York”, he needed to escape from...Continue reading
Debt Help with 4 Pillars For this month’s blog post I would like to answer a few questions that you might have about 4 Pillars. I want you understand exactly what we at 4 Pillars can do for you, and how our services can help you to lower your debt. What is 4 Pillars and...Continue reading
At 4 Pillars Victoria I have helped hundreds of people become debt free. In my experience if you are living in overdraft it is one of the telltale warning signs that you may have a problem with the amount of debt you are carrying and that your debt load may be becoming unmanageable. Living in...Continue reading
Recently, I was explaining to a friend what I do. I discussed different debt related situations, solutions, examples, etc. As I was talking my friend interrupted me and said the following… “Zach, just about everyone I know has some kind of debt. I can’t believe they all need debt help or consolidation services. Who actually...Continue reading
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 saying that, suffice it to say,...Continue reading
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
I recently heard one particular Bankruptcy Trustee, now known as Licensed Insolvency Trustee(LIT), advertise free financial advice. What does that mean? Does it mean a free one hour consultation? Or could it be they will file a consumer proposal or a bankruptcy for you and you don’t pay them any fees? Whatever it means, nothing...Continue reading
School’s Out: What You’ve Learned from Debt Students all over the country are graduating, moving on to bright futures and unlimited possibilities with the confidence that they can accomplish anything they set their minds to. Oh, to be that optimistic again! Oh, to be 18 or 21 and venturing out on your own for the...Continue reading
Knowledge is Power: Learning about Debt Ignorance is bliss, unless you’re trying to have a conversation with it. The world is full of so-called experts claiming to know what is right for you. They try to dictate what you wear, how you eat, where you shop, even where you learn. A lot of this so-called...Continue reading
The Top Ten Questions about Consumer Proposals Searching for answers when you’re having financial difficulties is a grim task. You’ll hear scary words like “bankruptcy,” “unsecured debts,” and “asset liquidation”. Thankfully there are a lot of options available for those that find themselves mired uncomfortably in debt. A consumer proposal is an alternative to bankruptcy,...Continue reading
