David Morgan
  • David Morgan

  • 207 Bell Street North, Suite 425
    Ottawa, ON
    K1R 7E1
  • 613-216-9522
  • davidm@4pillars.ca

Helping Ottawa Families Get Out of Debt

Debt Consultant

I'm David Morgan, your 4 Pillars Debt Relief Specialist Serving Ottawa, Cornwall and surrounding area. I am a Insolvency Counselor by the Canadian Association of Insolvency and Restructuring Professionals (CAIRP).

I help families and individuals in Ottawa with debt advice, restructuring, credit rebuilding and, if needed, representation through bankruptcy. This page shows you how I can help as well as shares case studies from recent Ottawa families I've helped.

4 Pillars allows me to assist families in their debt restructuring by evaluating their current circumstance, explaining their options then implementing a plan that is designed specifically for their needs.

When you work with 4 Pillars, we help you:

  • Review your debt relief options (consumer proposals, debt consolidation, and other alternatives to bankruptcy).
  • Rebuild your credit so that you are in a position to obtain credit at the lowest possible rate.
  • On average our clients have been able to eliminate 80 per cent of their debt
  • Take advantage of our unique restructuring plan only available through 4 Pillars. This plan reduces the impact on your credit rating from 8 years to 3 years, the lowest impact on your credit rating of any debt-restructuring plan in Canada.

The plan, once in place, will allow my clients to quickly regain control of their finances while reducing stress and allowing them to achieve their financial goals.

My story with 4 Pillars

I was first introduced into the financial services industry in 2008 starting as Banking Consultant for Manulife Bank for two years then another three years as a Mortgage Agent in Eastern Ontario.

It quickly became recognizable how people are carrying high levels of debt and the negative short and long-term impact it has on families. Researching to provide better solutions to help these clients resolve personal debt led me to discover 4 Pillars.



Bankruptcy is not your only option

Many Canadians do not realize that as a debtor you have many options. It's my job to help you navigate debt restructure and repayment options.

We examine all of your debts both secured and unsecured along with all of your assets. Your income is closely reviewed with regards to both present and future income and available cash flow.

After gathering the information I explore all options for my client.

A careful review of possible options is presented and the advantages and disadvantages of each is discussed in detail.

Options may vary from a Debt Consolidation Loan, Consumer Proposal or as a last resort Bankruptcy. Once a decision is made the plan is implemented.


The debt relief and elimination process

A brief confidential telephone conversation occurs in order to gather some general information so that our free consultation can be tailored to your specific needs. A meeting is scheduled to discuss your specific situation and possible options available to you.

Once the option of Consolidation Loan, Consumer Proposal or Bankruptcy has been determined to be your best option, an agreement is signed and the appropriate documents are gathered.

We then begin the budgeting process in a manner that it is implemented in such a way as to not significantly impact your lifestyle yet achieve the desired results so that you are set-up for long term financial success.

After the budgeting process we then implement the debt restructuring plan, with a clear understanding what you can easily afford to pay each month you know your debt restructuring plan has the best opportunity for success.

The final stage is to work with you on rebuilding your credit so that you are in a position to obtain credit at the lowest possible rate. On average our clients have been able to eliminate 80 per cent of their debt.

We also have a unique restructuring plan only available through 4 Pillars that can reduce the impact on your credit rating from 8 years to 3 years, the lowest impact on your credit rating of any debt-restructuring plan in Canada.


About 4 Pillars, a Canadian Debt Consolidation Company

We are a network of Owners located across Canada and I am located in Ottawa. The Company is 100% Canadian and is one of the largest Debt Relief Companies in Canada. With the many Federal Government lay-offs and cutbacks in the Ottawa area my services are needed more than ever to help those families recover from the financial setback due to loss of income. The high cost of housing in the Ottawa market continues to outpace incomes and erode household disposable income. I am not limited to Ottawa and Eastern Ontario and can also assist those individuals that live in Gatineau.


Recent Ottawa Families We've Helped Get Out of Debt

CLIENT A

Home Owners in Ottawa had unfortunately accumulated over $34,000 of consumer debt due to health issues. They were unable to save enough money from their monthly income to maintain a comfortable lifestyle not to mention successfully pay down their debt. They were considering using their retirement funds but with the current tax implications and the long term impact on their future income & savings made it a very unattractive approach.

We structured a Consumer Proposal and carefully selected the trustee needed to administer the proposal and the clients did not have to use their retirement funds, which preserved their capital, maintained their current and future income and avoided any tax implications. This approach saved them $800 per month on interest payments to unsecured creditors and their current income wasn't impacted and they will be debt free in less than 5 years paying the reduced principle of on an interest free payment arrangement. This got the clients out of paying only the interest on their debt and avoiding decades of payments to credit card companies and the increased cash flow actually allowed them to increase retirement savings not decrease them.

CLIENT B

A family of four had fallen into the pay day loan trap. Working with the clients by tracking spending habits then implementing a budget, we were able to free $700 per month cash flow.

This only took two months to achieve this result. They are now able to take an annual family trip and still save money for their future.

CLIENT C

Client had poor credit and outstanding collections from past problems caused by a family member. I was able coach the client to negotiate debts of over $14,000 down to below $5000 through the use of our exclusive lending product in partnership with the Phoenix Fund. The client is repairing his credit and on his way to his goal of home ownership in 2 years.


My Ottawa Office

My office location is: 207 Bell Street North #425, Ottawa, ON K1R 7E1

Call today to book a free one hour consultation in my office

Here are some of my local listings:

LinkedIn 4 Pillars Consulting Profile: LinkedIn Profile

411 Ottawa Listing: 411 Listing

Yelp Ottawa Listing: Yelp Listing

Team Cornwall Listing: Cornwall Listing

David Morgan
  • David Morgan

  • 207 Bell Street North, Suite 425
    Ottawa, ON
    K1R 7E1
  • 613-216-9522
  • davidm@4pillars.ca

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