4 Pillars Debt Solutions – The Best Choice for Debt Relief
4 Pillars Debt Solutions of Sudbury has extensive experience in debt relief and an approach to debt restructuring that always puts YOU first, not your creditors. It’s confusing knowing where to turn when you are struggling with debt and looking to get your finances back on track. 4 Pillars will advocate for you and negotiate to get you the best possible outcome.
With 15 years of experience in the debt relief industry and over 60 offices across the country, 4 Pillars is one of the largest and most established debt relief companies in Canada. A large part of our success comes from a determination to put you first, and not your creditors as some companies do. At 4 Pillars, you are seen as a valued client and NOT just a debtor. We strongly believe that you are entitled to qualified representation and deserve a second chance at financial success.
Proven History of Success
4 Pillars is unique in that it acts in the best interests of the debtor (client) rather than the creditors; our agents work with you to eliminate large portions of your debt and to greatly reduce your monthly payments, without filing for bankruptcy.
This proven history of success is accomplished in large part through preparing consumer proposals that make sense for the client, and not by providing just a cookie cutter solution. 97 percent of our clients successfully complete their debt repayment plan when it is structured by a 4 Pillars agent and combined with our additional services, such as financial literacy coaching, budgeting, and credit rebuilding. As a result, a high percentage of 4 Pillars clients not only avoid bankruptcy altogether, but many times can actually become debt free within 24-36 months. A common misconception out there is “I have too much debt and a bankruptcy is my only option”. At 4 Pillars, we have seen the greatest of consumer debt loads, a full and proper review of all options will likely prove that misconception wrong.
Alternative Options and Their Limitations
Filing a consumer proposal on your own
The success rate for debt repayment when working with a 4 Pillars agent increases significantly when compared to the rest of the “debt help” industry. 4 Pillars solely represents you, structures the proposal on your terms, negotiates on your behalf, can provide comprehensive financial support, and a credit rebuilding program after the proposal is accepted. This, we believe, provides you with the best opportunity to successfully complete the proposal, re build your credit and become financially stable in the shortest time possible. It is estimated that proposals filed directly through a Licenced Insolvency Trustee (LIT) fail to be completed 35 percent of the time. Compare that to the aforementioned 97% by 4 Pillars clients and the difference is clear.
Credit Counsellors
Credit counsellors are another option you’ll come across when looking into debt restructuring. As with LITs, credit counsellors cannot advocate to get you the best payment terms possible. They receive up to 80 percent of their funding from creditors; a client will usually end up repaying 100 percent of what’s owed, rather than a percentage, plus added fees. This in no way gets you lower monthly payments; as a result, debt management plans filed using credit counsellors have high failure rates, and often end up resulting in bankruptcy.
Why 4 Pillars?
Although only a licensed insolvency trustee can file a proposal or bankruptcy, you are always entitled to professional representation during the process. Unlike other debt relief companies, 4 Pillars Debt Solutions of Sudbury will advocate for you and only you. Our agents work with a large network of LIT’s across Canada, and have an in-depth knowledge of the Bankruptcy and Insolvency Act (BIA). We understand how to interpret the act to best meet your needs, and we will ultimately determine which trustee to use based on your unique personal situation.
Another difference in approach between 4 Pillars Debt Solutions of Sudbury and other debt relief companies is that we address your long-term financial goals as well as your immediate financial challenges. Our agents are highly trained professional debt restructuring consultants who understand that there is more to moving forward with your financial future than just solving debt. The debt needs to be solved as low as reasonably possible given the circumstances, a plan needs to be put in place to pay out the debt solution as early as possible, cash savings need to start being built up, and a credit rating needs to begin being restored.
Dealing with debt is stressful and finding the right solution can seem overwhelming. Your first attempt at solving debt is usually your best shot at getting it done right. Unfortunately, the debt help industry doesn’t favor debtors nor help them get back on their feet as quick as possible. When looking to become debt free, personal and professional representation by a company who has likely the strongest track record in Canada at helping people become debt free and move forward with their financial future, only makes sense. Do not be lured by imposters. We are talking about your financial future, not simply picking paint colours for your living room.
- 4 Pillars has 15 years of experience and over 60 offices across Canada
- 97% of clients successfully complete their debt repayment plan
- Consumer proposals filed directly through a trustee without client representation, fail to be completed 35% of the time
- With credit counsellors, you usually repay 100% of what’s owed rather than a percentage. Myth, paying your debts back in full through a credit counsellor in no way helps improve a credit rating. In fact, it may prolong rebuilding credit.
Ryan Brown
430 Notre Dame Ave
Greater Sudbury, ON P3C 5K7
P: 705-806-1252
Fax: 1-888-771-3112
