Rags to Riches: A Debt Help Success Story in Ottawa
I’m Shawn Frank, your 4 Pillars Debt Specialist Serving Ottawa, Cornwall and surrounding area. I could tell you a lot of different debt stories; clients who’d fallen into the pay-day loan trap, clients who didn’t have a hope of ever owning a home, clients who would have continued working well into retirement just to make their minimum payments. Every debt situation is different but there is always a solution and it’s my pledge to each of my clients to find and implement the best solution for them.
One local family I recently helped had accumulated over $34,000 in consumer debt due to health issues. Though they were home owners, they were unable to save enough money from their monthly income to maintain a comfortable lifestyle, or successfully pay down their debt. They considered using their retirement fund but with the current tax implications and the long term impact on their future income and savings, this was a very unattractive approach.
Debt Help: The Power of Hope
After going over their options it was determined that a Consumer Proposal was the best way to go. We structured the proposal and carefully selected the Licensed Insolvency Trustee needed to file and administer the proposal. My clients didn’t have to use their retirement funds, which preserved their capital, maintained their current and future income and avoided any tax implications. By going the Consumer Proposal route they were able to save $800 a month in interest payments to unsecured creditors. Plus, their current income wasn’t impact. Now they will be debt free in less than five years, paying only the reduced principle on an interest free payment arrangement. With budgeting and a credit rebuilding program in place, my clients have increased their cash flow, allowing them to increase their retirement savings.
4 Pillars Debt Consulting: There’s No Place like Home
For over 15 years 4 Pillars Debt Consulting has been getting Canadians out of debt, and giving them the tools to stay debt free. As a result, 97% of 4 Pillar’s clients have successfully completed their debt restructuring programs and are now experiencing freedom from debt. And with our help they have been able to rebuild their credit, quickly and effectively. So, by the time their debt’s been paid off, their credit score is in a very good place.
As a 4 Pillars Debt Specialist I am very proud of the clients I’ve helped thru their debt issues. And I swell with pride when I see them reach for the future they once thought impossible. Many are now home owners, some have started their own businesses, and others are finally able to retire with confidence.
4 Pillars creates strategies to help restructures almost $1 Million of debt every day. So you can be confident that you are working with a dedicated expert and a proven winner when it comes to reducing your debt, rebuilding your credit, and paying off that debt. We accomplish this while helping you budget for your present, and planning for your future.
At 4 Pillars Ottawa I understand your debt concerns and I’m listening when you tell me about your hopes for your future. Upon our first consultation, which is always free, my team and I take your information and create a Debt Settlement Strategy that will work for you. We don’t tell you what to do, instead we present you with options. We create a plan to deal with your creditors to help reduce your debt by up to 80% and a payment structure that will have your debt paid off within 5 years! We teach you how to budget and provide other helpful financial education.
If a debt consolidation is going to work best for you, we help secure your consolidation loan. If a Consumer Proposal is your best solution, we will be there to help you structure the proposal on your terms as we represent you throughout the whole process. And thru it all we are working on your behalf, representing your interests and creating a road map to guide you out of debt and onto a stronger financial future. If you’ve been led to believe that bankruptcy is your only option, talk to us. We may be able to find you a less drastic solution.
If you have questions or concerns regarding your debt or if you’d like to discuss your debt settlement options, call me, Shawn Frank at 4 Pillars Ottawa, (613) 515-0161. Every clients debt situation is unique so that’s we work to build customized plans for our clients. Save the cookie cutter solutions for making cookies with Grandma.
To learn more about 4 Pillars Debt Solutions. Visit us at 4Pillars.ca. And don’t forget to sign up for our Debt Boot Camp.
