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 Debt Restructuring from 4 Pillars isn’t quite the same as these generic options.
At 4 Pillars, we take a unique holistic approach to diagnose and determine the best course of action that will allow our clients to meet their future financial goals. We start by comparing their debt loads to their current and future income and assets. We then leverage our deep understanding of all the options available to deal with debt in Canada to help implement the most effective solution and for our clients to achieve lowest possible pay back.
In addition to getting the best deal we can on their debt we provide advice and guidance in the following areas that further enhance our client’s financial outlook, as part of our Debt Restructuring service:
- Advanced Credit Rebuilding programs designed for access to mainstream banking for future home purchases at lower interest rates – saving tens of $1,000’s in interest charges.
- Debt and Credit management strategies to prevent future issues from re-occurring.
- Unsecured Consumer Proposal Buyout loans – allowing for instant Consumer Proposal Discharges and much faster credit rebuilding.
- Other unique Credit Rebuilding products and services such as GIC loans and Proposal Insurance.
- Mortgage strategy advice on how to best leverage A and B lenders.
- Disability Tax Credits resulting in up to $40,000 in tax refunds for eligible clients.
By combining all of this expertise, 4 Pillars clients are truly in the best position to rebuild their future and reach their goals, which in most cases is home ownership. We call this Debt Restructuring as it usually starts with a strategy to reduce debt and it moves forward from there.
Financial literacy education is important
Lastly, 4 Pillars has been recognized by the Canadian Government as experts in Personal Financial Management and have been working in the financial literacy field for more than 10 years. 4 Pillars is a major contributor to the Financial Literacy Industry and passionate about educating Canadians. These programs like EmpowerU are designed to help Canadians better manage their money and stay out of the Debt Traps that affect so many Canadians today.
About the Author
To learn more about 4 Pillars , feel free to contact Frank Eichinger at 647-403-4992 or franke@4pillars.ca.
And feel free to visit my website – www.4pillars.ca/on/brampton
Have a nice day!
Frank Eichinger
