When you are struggling with debt and looking to get your life and finances back on track it may be confusing knowing where to turn. In the Victoria BC area, 4 Pillars Debt Restructuring has a great deal of experience in helping all kinds of people with debt relief. We can help you.
4Pillars has over 60 offices across the country and 19 years of experience in the debt relief industry. It is one of the largest and most established debt relief companies in Canada.
4 Pillars sees you as a valued client, not a debtor. We strongly believe that you are entitled to qualified representation and deserve a second chance at financial success. We are also committed to rehabilitating and educating our clients about the financial industry in order to avoid the same problems in the future, and helping them rebuild credit.
Our Proven History
Our dedicated, well-trained team members work with you to review what options are available to you in dealing with your debt. Often, you can avoid filing for bankruptcy.
Every situation, every client, is different, and we don’t provide cookie-cutter solutions. Debt solutions are tailored to your specific situation. As a result, 97 percent of our clients successfully complete their debt repayment plan.
Some Options and their Pros & Cons
You Could File A Consumer Proposal On Your Own
At 4Pillars, we have structured thousands of Consumer Proposals, for all kinds of Canadians who were facing overwhelming debt. Everybody’s situation is different, and we tailor our proposals to that. This provides you with the best chance to successfully complete the proposal and re-build your credit. You will become financially stable in the shortest time possible. Our 97% success rate compares very favourably compared to proposals filed directly through a Licenced Insolvency Trustee (LIT), without their own representation, which fail to complete 35 percent of the time.
Only a Licensed Insolvency Trustee can file a proposal or bankruptcy, however, they are not the only people who can structure them. We prepare Proposals based on your specific circumstances. 4Pillars team members work with a large network of LIT’s across Canada. We have expert knowledge of the Bankruptcy and Insolvency Act (BIA). Chris Grew and other 4 Pillars Victoria team members understand how to interpret the Act to protect your assets and your rights.
Credit Counsellors
It is important to know that Credit Counsellors receive up to 80 percent of their funding from the financial community. This means they represent who is paying them (the Creditors) and not the Debtor.
This is why, with their program, you repay 100% of your original debt. In addition, they charge ‘administration fees’ that are often $50 to $75 per month. Wow, over a five-year term, that can really add up! With a well-structured consumer proposal, you will only pay a percentage of your original debt. There is no difference in the reporting to your credit bureau with Credit Counselling or Consumer Proposal.
Why 4Pillars Victoria?
- 4Pillars has over 60 offices across Canada, including in Victoria BC, and 19 years of experience in the Insolvency Industry.
- 4Pillars has a 97% success rate.
- 4Pillars scores a 4.9 rating out of 5 in Trust Pilot reviews written by former clients
- Chris Grew at 4Pillars Victoria is the recipient of the Better Business Bureau’s Torch Award for Professional Services
If you are struggling with debt and want to get your financial life back on track, contact Chris Grew and the team at 4 Pillars Victoria to discuss how we can help. We have helped hundreds of local people just like you get past their debt so that they can move on with their life. There is life after debt.