One of the many benefits of working with a 4 Pillars debt consultant is the ability to see options to get out of debt and to live a debt-free life. Most people in Victoria feel stuck or limited in how they can address debt, which limits their ability to explore options and consider possibilities.
Scheduling an initial, confidential meeting with a 4 Pillars debt consultant starts the process of exploring the best debt management options for each person. This personalized approach works for individuals and couples in the Victoria area. They can ask questions, gain insight into their financial habits, and know a plan has been created for their unique situation.
Understanding Options
It is not uncommon for people to speak to a 4 Pillars debt consultant and indicate they have been told bankruptcy is a good option or the only option they have to get out of debt.
While bankruptcy is one possibility, not everyone meets the criteria for this option. Bankruptcy does have significant and long-term impact on credit scores and your financial record. It may be possible to complete a Consumer Proposal or to structure a budget that allows for individuals or couples to catch up on their payments and develop a plan to get out of debt.
A debt consultant can also assist people to see the big picture and to plan their debt repayment to maximize impact on the outstanding balances. For most people, there are several options to consider to address debt, allowing options that are tailored to their financial situation.
