Kitchener – Debt Help Case Study
I’m Scott Patton, your 4 Pillars Debt Specialist in Kitchener. I am proud to say I have helped over 600 families and small business reduce their debt. Debt is tricky. It doesn’t just effect you financially, it takes a toll on you mentally and physically. There’s stigma attached to debt, so people tend to keep to themselves. They’re embarrassed, alone, and afraid. When most people knock on my door, they’re usually at the end of their rope.
A few months ago I met with a Kitchener man who was in a dire predicament. This individual, whom we’ll call Mr. X, was being harassed by collectors looking for payment on his two outstanding debts. Mr. X also had a first and second mortgage at very high rates due to his poor credit history. The mortgage broker that sent him to me told me that Mr. X needed to have these debts reported as “settled” on his credit bureau rating within a month or he would have to renew his mortgages at the current rates, as opposed to getting a new 1st mortgage at the much lower rates that most individuals enjoy in today’s economy.
When I met with Mr. X he was desperate for debt help. He was also incredibly embarrassed about getting himself into this situation. His debt was affecting areas of his life he hadn’t considered; his health, his relationships, even his job were being put at risk. Mr. X needed real debt help, and that’s where I came in.
Debt Help: The power of Hope
I went right to work and was able to coach Mr. X to obtain settlement offers within 2 weeks, saving him in excess of $29,000, and allowing him to now obtain a much lower mortgage rates, saving him hundreds of dollars each month. We didn’t stop once the mortgage was obtained as we needed to make sure that Mr. X didn’t face the same challenges again. We began working on our financial rehabilitation program which includes a comprehensive credit rebuilding program and education on how the credit systems works so a strong credit score can be maintained. We also helped Mr. X create a sustainable budget, start an emergency fund for unexpected expenses and Mr. X was able to start saving for his retirement.
As Mr. X found out, debt affects everything to do with your credit. Without good credit you can be passed over for an apartment, denied car loans, mortgages, and even lines of credit. You don’t realize how much you rely on credit until it’s gone. At 4 Pillars Kitchener we don’t just help reduce your debt, we help you rebuild your credit. We teach you how to budget, and we work with you to lay down the foundation for a solid, debt free financial future.
4 Pillars Debt Consulting: There’s No Place like Home
At 4 Pillars we’ve been creating strategies to get Canadians 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. With our help they have been able to quickly rebuild their credit and are on their way to achieving their financial goals.
With 4 Pillars by your side you get the support and professional expertise you need to deal with your 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.
4 Pillars Debt Solutions creates strategies to help restructure almost $1 Million of debt every day. Our clients get a great deal of peace of mind knowing they are working with a proven winner when it comes to helping reduce debt, rebuilding credit, and paying off that debt. And it’s all accomplished while we help you budget and plan for your future.
At 4 Pillars Kitchener I share your concerns about the long term effects of your debt and how they will affect your future. During our first meeting, which is free, I start gathering information. I analyze your information and map out a debt settlement strategy that will best serve you. I’m the one who creates a plan to deal with your creditors to help reduce your debt by up to 80%. Then I will help set up a realistic payment structure that ensures you can pay off that debt within five years, sometimes sooner. There are more options available to you than you realize; budgeting, financial education, debt consolidation, or a Consumer Proposal.
If you’ve been led to believe that bankruptcy is your only option, talk to me. If it’s determined that a Consumer Proposal is a better, less drastic option, the 4 Pillars team and I will be there to help you structure the proposal on your terms as we represent you throughout the whole process. Regardless of the option that best fits you, 4 Pillars Kitchener works on your behalf, representing your interests and guiding you forward.
If you have concerns about your debt, or if you’d like to discuss your debt settlement options, call me today, Scott Patton of 4 Pillars Kitchener, (519) 502-9227. Mr. X is still working on his future with our 4 Pillars Aftercare program, but it’s starting to look like a page turner with a guaranteed happy ending. Stay tuned!
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.
