I recently heard one particular Bankruptcy Trustee, now known as Licensed Insolvency Trustee(LIT), advertise free financial advice. What does that mean? Does it mean a free one hour consultation? Or could it be they will file a consumer proposal or a bankruptcy for you and you don’t pay them any fees? Whatever it means, nothing … Continue reading There Is No Free Financial Advice
So, you’ve got some debts, and your attempts to solve the problems on your own haven’t worked out. You’re either a renter, or the house you own doesn’t have enough equity in it to refinance and come up with enough money to pay the debt off. Any assets you could sell wouldn’t put much of … Continue reading 9 Reasons a Consumer Proposal is Almost Always a Better Idea Than a Bankruptcy
Isn’t it time to finally be done with the stress, headaches, and pain of living in debt? Isn’t it time to finally give your debt the eviction notice it deserves? 4 Pillars has been helping Canadians since 2002 and in that time we have helped tens of thousands of Canadians get out of debt. Our … Continue reading Isn’t it time to give your debt the eviction notice?
What is the true cost of servicing debt? Consider this, our standard file: $50,000 of credit card debt. If the person would like to pay the $50,000 off in 5 years, they would have to pay an estimated $1,541.67 per month for 60 months. Therefore, the total payback = $92,500 In order to pay back … Continue reading What is the true cost of servicing debt?
Stop cashing out investments to solve debt! There are reasons why RSP’s, insurance policies, equity in the home, among other items are exempt from being liquidated in the event of an insolvency. In an effort to keep this blog post at a reasonable length, I won’t go into detail about our highly leveraged financial system. In … Continue reading Stop cashing out investments to solve debt!
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