This article is by Paul Murphy, our VP and financial literacy expert with 15+ years of investment and banking industry experience. If you’ve ever floated a balance on a credit card, you’ve likely asked yourself: how does credit card interest work in Canada? Continue reading
If your debts are too high for you to pay off, a consumer proposal may be a vital avenue to starting a debt-free life — however, many are cautious about starting a consumer proposal when their debts are co-signed. Can you start a consumer proposal if the debt is co-signed? Will the co-signer be forgiven...Continue reading
20-year financial veteran Paul Murphy explains his system for building a realistic money management plan. If you’d like an expert to review your debt situation, you can contact your local 4 Pillars office here. After working in the finance industry for 20 years, there’s one truth that seems to be proven again and again: people...Continue reading
Choice verses No Choice: Discovering your Debt Options We are a society that thrives on choice. Options are everywhere! And that’s not a bad thing, unless you’re stuck in line behind the guy trying to order some fancy coffee. One pump or two, large, medium, small or micro, fat or non-fat, toppings, added flavors, the...Continue reading
How to Reduce Your Debt in Medicine Hat Many people want to reduce their debt or have no debt at all, but have no idea how or where to start. If you wait too long to gain control of your financial situation you may have devastating results. Right now is the best time to start...Continue reading
Obscure Facts about Bankruptcy The term “bankruptcy” is not synonymous with simply losing all of your money and assets. It also doesn’t mean all of your debts are cleared, or that you will lose your house and furniture. There are also many other options available to deal with crippling debt other than declaring bankruptcy. The...Continue reading
The Big Debt Workout: Getting your Finances in Shape A New Year brings with it the promise of new beginnings, and probably a new gym membership. And THIS TIME you’re going to use it!! But the gym gets crowded in January. The trainer keeps yelling at you. And, besides it’s cold out. Maybe next month. ...Continue reading
Separating Debt Fact from Debt Fiction There’s a lot of information flying around the internet. It can be a little overwhelming when you need to distinguish fact from fiction. FACT, no matter how many times you share that notice on your Facebook page, Mark Zuckerberg is NOT sending you a million dollars. Sorry. Neither is...Continue reading
4 Pillars Personal Debt Restructuring: A Bankruptcy Case Study The Kendells were like many Victoria families. Two young children, two cars, a hefty mortgage, and a penchant for living slightly beyond their means. They both held down good jobs, had a bit of savings in the bank. The grandparents had ensured college would be taken...Continue reading
Debt Help – It’s not a game of chance. Is that a winning lottery ticket burning a hole in your pocket? No it’s not. So another jackpot has come and gone, you’re still in debt and someone else is claiming your prize. Maybe it’s time to change games. Perhaps you should take a chance on...Continue reading
