When debt becomes overwhelming and unmanageable, it’s important to know that there are solutions. Two options available to you are a consumer proposal and bankruptcy. It’s important to understand what these options mean and how they differ, in order to determine which is the correct path for you. 4 Pillars Debt Solutions of Muskoka &...Continue reading
How Debt May Affect Your Health Anyone who has ever been in debt knows that the situation affects more than just your bank account. The relationship between debt and health has been studied for decades and it appears that there has always been evidence that debt affects not only your physical but also your mental...Continue reading
4 Reasons to Avoid Bankruptcy I am sure you have heard before that bankruptcy is a bad thing. But do you know why it should be avoided at all costs? Today we are going to take a look at 4 reasons why you should avoid bankruptcy if at all possible. 1. The emotional baggage and...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
How do your friends manage their money? Maybe you don’t know the answer to that question. A lot of people don’t want to talk about money concepts or spending habits with friends. I am not saying that we should be getting professional advice from unqualified people. However, gone are the days of community and true...Continue reading
Hey Shoppers… NO, not all “Debt Help” companies are the same! If you are truly shopping around to find out who or what company is the most qualified to assist you in becoming debt free, don’t fall for sales gimmicks. Don’t succumb to high pressure tactics. Why trust companies that bash other companies in order...Continue reading
Top 6 Phrases I Learned During My Consumer Proposal (written by a 4 Pillars client) When I first started looking for financial advice, I didn’t expect to learn another language. The vocabulary of financial and legal proceedings is thick with jargon, technical terms, complex legalese, and self-reflection. Here are a few key phrases that I...Continue reading
Another Kamloops Debt Story—March 2016 Diane was at her wits’ end. She and her teenage daughter had been managing on her very limited income, but it was getting tougher and tougher. She was quite frugal, but had relied on a couple of credit cards to keep the two of them going when her ex-husband fell...Continue reading
How to Use Your Credit Card Responsibly Credit cards can be a useful tool when it comes to your finances. They give you the ability of buying now and not having to pay it off until the grace period is up at a later date. There are also many fantastic rewards available through many different...Continue reading
Ashamed of your debt? 4 steps to get your life back on track! One of the most frequent comments I hear from people who come into my office is how embarrassed they are that they ever got into their debt situation. That no matter how hard they tried to make their payments their balances never...Continue reading
