Debt Stress to Relaxation: A Debt Help in Victoria
I’m Benjy Houser, your 4 Pillars Debt Specialist in Victoria. I’ve had a lot of clients come through my door and I’m proud to say I’ve been able to help most of them not only eliminate their debt, but move on to vibrant financial futures.
The Kendells were like many of the families I’ve worked with. Two young children, two cars, a hefty mortgage, and a penchant for living slightly beyond their means. They both held down good jobs and had some savings in the bank. The grandparents had even set up a trust to pay for the kid’s post-secondary education. All in all, life was pretty sweet.
However, things started to sour when Gwen’s mother passed away and they assumed financial responsibility for the care of her father. Around this time their son was diagnosed with Asperger’s Syndrome, forcing Gwen to cut back on work to help her son. They started to feel the strain on their finances but still the family soldiered on. In hindsight, the second mortgage did little to help the situation. Within a year Tom found himself unemployed when his position of 14 years was eliminated. His severance package helped for a while but they quickly depleted their savings. While Tom struggled to find work, Gwen became the sole earner; her income barely covering the basics. As a result, the pressure on their finances increased along with the pressure on their marriage.
Payments started to get missed. Calls from creditors increased. Selling Tom’s car did little to ease the situation. Every month they saw their debt take its toll on their security, their marriage, their family. Desperate Tom swallowed his pride and contacted a Licensed Insolvency Trustee (LIT). After their initial meeting Gwen and Tom left feeling more over whelmed, more embarrassed about the situation they had got themselves in, more hopeless than ever before. Was bankruptcy the only solution? They’d risk losing what little they had left and although it would solve the problem and may be the cheapest way to deal with the debt the thought of bankruptcy was personally debilitating to them. It would take years to recover and the Kendells didn’t have years.
Debt Help: The power of Hope
That’s when they called 4 Pillars. Like so many of my clients the Kendells left our initial consultation with a renewed sense of hope. I listened to their long term goals and helped them strategize on the best way to bring them closer not push them further away and find the best solution to deal with the immediate financial crisis and it wasn’t bankruptcy. By helping them carefully structure and prepare a Consumer Proposal to be filed with a LIT we could eliminate almost 80% of their debt, leaving them to payback the new amount over the next five years. Almost immediately the creditors stopped calling. And within the next few months I had put together a plan help rebuild their credit and start the journey of financial rehabilitation.
Debt free for over a year, Tom has since found a new Job and Gwen has been able to once again cut back her work hours to focus on their son.
4 Pillars Debt Consulting: There’s No Place like Home
4 Pillars has been creating strategies to get Canadians out of debt, and keep them out of debt, since 2002. As a result 97% of our clients have successfully completed their debt restructuring programs and are now experiencing freedom from debt. 4 Pillars was founded by three professionals who were tired of watching friends lose their businesses to debt. They did their homework, combined their financial expertise and started a company that would ensure no one would be controlled by their debt again.
One of the first things 4 Pillars Victoria offers our clients is peace of mind. We listen to your concerns about debt and your hopes for the future. We analyze your situation and start putting together the Debt Settlement Strategy that is going to work best for you. We present you with options, we create a plan to deal with your creditors and help you reduce your debt by up to 80%. We keep you informed every step of the way. So whether your debt solution is budgeting and financial education, debt consolidation, or even a consumer proposal, we are working on your behalf, representing your interests and creating a roadmap that will guide you to your financial future.
If you’ve been led to believe that bankruptcy is your only option, talk to us. If it’s determined that a Consumer Proposal is a better, less drastic option, we will be there to help you structure the proposal on your terms as we represent you throughout the whole process and then start the next phase of a complete debt plan, rebuilding your credit.
If you have concerns about your debt or if you’d like to discuss your debt settlement options, call me, Benjy Houser at 4 Pillars Victoria, (250) 882-5556. I take great pride in my client’s success stories. The Kendells situation was about moving from debt stress to relaxation by geting debt h elp in Victoria. Get help and have the happy ending you’ve always wanted.
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