Congratulations on graduating, it’s a major achievement! But the last thing you should have to worry about post-graduation is debt. However, you may be rightfully concerned about your debt while applying to get a post-graduate work permit (PGWP). It is something you must apply to very shortly after completing your studies to stay in Canada....Continue reading
As debt relief specialists, there are many times where we’ve spoken to people who co-signed for their friend’s loan. Whether it’s a loved one, friend, or associate, people often co-sign as a generous and friendly gesture. But now, they’re not paying. And you’re the one dealing with the consequences. There are consequences to co-signing a...Continue reading
International students have special considerations to keep in mind when holding debt within Canada. This article will answer all of the common questions asked to us by international students, and how to best recover from high debts before returning to your home country and/or beginning work. How International Students Get in Debt International students pay...Continue reading
What is a Personally Guaranteed Loan? A personally guaranteed loan is a type of loan where an individual guarantees repayment, typically with their personal assets, even if the loan is taken out for a business. This means that if the business defaults, the lender can go after the guarantor’s personal assets, like their home or...Continue reading
In This Article Recent Changes & Updates The 7-Year Rule for Student Loans Government vs. Private Student Loans What If I Left School Less Than 7 Years Ago? What Happens If You Include Student Loans in a Consumer Proposal Can You Get OSAP and/or Student Loans If You Have a Consumer Proposal? When to Include...Continue reading
All information provided in this article is sourced from publicly available materials and is intended for general educational purposes only. It does not constitute legal advice. 4 Pillars is a debt advocacy firm and is not a law firm. For legal advice specific to your situation, please consult a qualified lawyer in your jurisdiction. A...Continue reading
When facing unbeatable debts, it’s not a bad idea to reach out to a debt relief company. A debt help professional can help you explore your options for repayment, such as debt consolidation, consumer proposals, and debt management plans. However, it can be difficult to know who to trust when it comes to debt solutions....Continue reading
Last updated: October 2026 In 2026 alone, over 70,000 consumer proposals were filed across Canada — a record high — reflecting how many households are turning to government-approved solutions to resolve their debt. If you’re struggling with unmanageable debt, you may have heard that there are government-approved debt relief options in Ontario — and there...Continue reading
Victoria has one of the highest credit card debts per capita in Canada, at an average balance of $12,874, but can this debt be forgiven? Debt forgiveness is a best case scenario for most Canadians in debt, but it’s not easy to find. This article will cover what debt forgiveness really is and whether your...Continue reading
Debt Consolidation. It’s a term which tends to cause a lot of concern and confusion. We are commonly asked: “is debt consolidation a scam?”, “how does debt consolidation affect your credit?”, “should I do it?”. The truth is, most Canadians don’t really understand debt consolidation, or how it can make paying off debt easier. In...Continue reading
