At some point in your life you may find yourself in need of a financial home renovation. In some cases it may be a simple DIY fix with a fresh coat of ‘tighten the budget’ paint. However, for most of us, Debt Restructuring is a bigger project, one that should be left to the professionals. … Continue reading Debt Restructuring – a home renovation for your finances
What is debt restructuring? I have many people asking – “is this just like going bankrupt with a trustee “ or ”is this like credit counselling? “ or “ is 4 Pillars a Debt Settlement company”? I understand why folks would be a little confused with all the terminology being used in the marketplace, but … Continue reading How does 4 Pillars Debt Restructuring work?
Who really needs debt help Much of the general public assumes that the people who need help sorting out their debt troubles are a bunch of irresponsible shopaholics. It’s easy to make that assumption too, since there is a lot of conspicuous consumption in our society—we are constantly bombarded with advertising messages every day encouraging … Continue reading The Causes of Debt
Debt restructuring is the process by which a significant portion, usually 60-80% is extinguished while the remainder gets paid off over a period of up to 5 years interest-free. It is principally a method to avoid bankruptcy. Creditors like it because they get something in return on what they have lent out. In comparison, a bankrupt … Continue reading What does it mean to restructure debt?
Banks, credit bureau agencies, hiring agencies, and even peers have done a great job in attempting to tie our self-worth or societal standing to our credit rating. I hear people say to me every day “I want to solve my debt but I don’t want to damage my credit rating”. I fully understand what people … Continue reading A Good Credit Rating vs. Being Debt Free
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