We help to reduce your debt by up to 80% and get you back on track. Up to 97% of families successfully complete the plans we create and become debt free.
From the condo towers along Yonge Street in Willowdale and Newtonbrook to family homes in Bayview Village, Don Mills, Lawrence Manor, Downsview and Humber Summit, North York households are stretched by Toronto-area rents, mortgages and the cost of getting around the 401. When debt starts to take over, 4 Pillars helps North York residents understand every option and choose a plan that fits.
Your first consultation is free and confidential. You’ll leave knowing where you stand and what your realistic next steps are.
We hear from hospital and health care workers, York University and Seneca students, retail and restaurant staff, small business owners and newcomer families building a life in Canada. Many are renting in a high-rise near the Line 1 subway, carrying a car loan for a commute along the 401, or supporting relatives here and abroad. We start with your real numbers, then explain which options fit, from a tighter budget and money coaching and a debt management plan to a formal solution through a Licensed Insolvency Trustee. See all of our services.
When your income covers a steady monthly payment but not your full unsecured balances, a consumer proposal is usually the first formal option to look at. You offer creditors part of what you owe, spread over up to five years with no interest, and you generally keep your assets. Only a Licensed Insolvency Trustee can file it, and your creditors vote on it. 4 Pillars is not a trustee. We help you prepare and connect you with one. How a consumer proposal works.
For a North York renter with modest income and few assets, bankruptcy can sometimes be the more realistic choice. Only a Licensed Insolvency Trustee can file it, and Ontario law decides which assets you keep. We’ll go through what it would mean for your income, savings and credit before you meet a trustee. Learn about bankruptcy.
If your credit is still good, a consolidation loan can roll several payments into one, but it doesn’t lower what you owe. Condo and home owners are sometimes offered a refinance, which moves unsecured debt onto the property, so compare options for homeowners first. Once your debt is under control, we help with credit rebuilding.
Elsewhere in the GTA? See our Toronto and Scarborough pages.
In Ontario, collection agencies have to follow provincial rules about how and when they contact you, and they generally can’t discuss your debt with your employer. Once a consumer proposal is filed, collection on the debts included in it generally has to stop.
A personal loan from family is usually an unsecured debt and is treated like your other unsecured debts. Paying back a family member ahead of other creditors right before filing can be reviewed by the trustee, so get advice before you do.
No. Talking to someone early, before balances grow, gives you more options. A budget and a plan for your cards may be all you need.
Yes. Call 250-410-3963 or use the form on this page to book your free consultation by phone.
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