Debt Help: Not Everyone is an Expert                         “Beware of False Knowledge; it is more dangerous than ignorance.” George Bernard Shaw The road to hell is paved with good intentions When you live with a lot of debt, sometimes you ask for help from friends and family. A small loan to cover expenses, help...Continue reading

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

For small business owners the fear is overwhelming.  The challenges faced today are unlike any other challenges small business owners have faced before.  In the past, when we’ve faced financial challenges we have been able to look back on a decision or a string of decisions and events that caused the issues and recognize what...Continue reading

Early indications of 2020 numbers (that is, before the COVID-19 crisis hit) mentioned that bankruptcy and insolvency numbers would be at an all-time high. However, since March and over the next couple of months we are likely going to see a large decline in projections. Normally a decline in bankruptcy numbers is a positive and...Continue reading

Don’t forget CERB is a taxable benefit. The Canada Emergency Response Benefit (CERB) provides Canadians whose jobs and income have been affected by COVID-19 with desperately needed cash to meet their basic day to day living expenses. The federal government will provide those approved for CERB $500 per week, for 16 weeks. For those needing...Continue reading

Canadians with federal student loan debt are getting a break on payments and interest over the next six months as all efforts to stabilize the Canadian economy is being taken. The payment relief is optional, and students can keep making their payments, it is always recommended that if you can pay, you should pay.  Deferring any type...Continue reading

Don’t sweat your credit score during COVID19 A good credit score is important but not a priority during financial crisis. If you are one of the millions of Canadians suffering financially from the coronavirus pandemic, you should not focus on how this will impact your credit score right now. However, you should protect it where...Continue reading

  Watch out for scams related to COVID-19: As we all focus on our health and the wellbeing of others during these very trying times, it’s unfortunate that unscrupulous people are trying to take advantage of everyone’s distress.  Scammers are sending fraudulent emails, text messages and even calling in an attempt to obtain your personal...Continue reading

As Canadians struggle to adapt to the new measures in place to flatten the curve of Covid-19 infections many are facing financial uncertainty. Although the Government has released an Economic Response Plan, details are not always easy to understand, and they don’t all cover the challenges facing many Canadians.   Below are answers to the questions...Continue reading

Q. Is now a good time to deal with my debt or wait and try to use the payment relief programs the banks are offering?    This is a question we are being asked every day throughout our 4 Pillars offices. Prior to this crisis, millions of Canadians were already struggling to pay off their...Continue reading