4 Pillars helps both individuals and families of all sizes who: Cannot meet their monthly minimum service payments on $10,000 or more of unsecured debt, Prefer to avoid bankruptcy, Have a ... Read More
Because deciding to restructure can be difficult, it is vital to understand both the benefits and implications of doing so. Restructuring can significantly reduce debt and vastly reduce your mont ... Read More
Different restructuring options have different effects on your credit rating. As a general rule, any time you settle your debt at less than 100 cents on the dollar, it will harm your credit rating ... Read More
4 Pillars work with almost every kind of debt imaginable, including credit card debt, bad loans, leases, mortgages, and more. Most Common Types of Debt from Legalline.ca Secured vs Unsecured ... Read More
The income of a debtor does not limit their ability to carry out different restructuring options. In all cases, it's about looking at all of the options available to the debtor and choosing the on ... Read More
Deciding to restructure can be difficult for people with good credit. Choosing to deal with your debt and stop living paycheque to paycheque means your credit rating will take a hit in the short term ... Read More
The fees charged by credit counselors are usually built into your monthly payments. Most credit counselors charge a 10-15% processing fee based on the amount of your debt. And, you typically repay ... Read More
You are granted court protection within 24 hours of filing a Consumer Proposal or Bankruptcy, meaning your creditors cannot sue, garnish, or contact you directly. ... Read More
Yes, once accepted, the process is legal and binding on your creditors. ... Read More
Banks are willing to accept the payment plan proposed through a Consumer Proposal because it allows them to realize a more substantial return than if you were to file a Bankruptcy. It also allows you ... Read More
A common question. Any time a consumer misses payments or pays back less than 100 percent of what they owe, their credit rating is always affected negatively. ... Read More
If you are unsure which creditors you owe, we recommend that you obtain a copy of your credit bureau file. This file will give you a list of your current outstanding debts and the names of the credito ... Read More
