Rags to Riches: A Debt Help Success Story in Burnaby
I’m Gurinder Dhaliwal, your 4 Pillars Debt Specialist in Burnaby. Over the years I’ve had a lot of good people come through my door; each with their own unique story. But the majority of them had one thing in common, they had me fighting on their behalf to help get their debt reduced and paid off as quickly and painlessly as possible. Of all of my clients, one that really stands out for me is a guy named Jim F. Now this guy was a real fighter, he just wouldn’t give up.
When Jim contacted us for help he was swimming in $140,000 in credit card debt. Jim had been ill for quite some time, an illness that prevented him from working for an extended period. Though his income had stopped, the bills didn’t. While Jim was battling his illness he was still trying to support his wife and two children. His only option was to rely on credit to put food on the table.
Eventually, Jim’s health improved and he was able to start working again. However, his debt was now so big he could barely afford to make the minimum payments each month. Because his payments were only covering the interest, his debt continued to grow. That additional stress in his life was not only affecting his family relationships, his health was beginning to suffer. He had to act, and act quickly.
The team at 4 Pillars Burnaby met with Jim to discuss his situation. Four weeks later we had worked with Jim to review all his options, looked at how each option fit with Jim’s long term financial goals and were ready to implement a debt elimination plan. As the first part of the plan, I was able to create a strategy to reduce Jim’s debt down to $60,000 which was paid at $1000 a month interest free over five years. With his cash flow restored, Jim and now able to put money aside for retirement.
When Jim left my office after his initial consultation, which was free, he was confident in the options I presented him and finally able to take positive steps toward freedom from debt.
Debt Help: The power of Hope
For over 15 years, 4 Pillars has been creating strategies and providing the tools to get Canadians out of debt, keep them out of debt and rebuild their financial future. As a result, 97% of 4 Pillar’s clients have successfully completed their debt restructuring programs and are now experiencing freedom from debt. With our help they have been able to rebuild their credit, quickly and effectively. As a result, by the time their debt’s been paid off, their credit is usually stronger than before.
Fact, 4 Pillars creates strategies to restructure almost $1 Million of debt every day. So you can be confident that you are working with an industry leader when it comes to reducing your debt, rebuilding your credit, and paying off that debt all while budgeting your present, and planning your future.
4 Pillars Debt Consulting: There’s No Place like Home
When it comes to dealing with a client’s debt, there is no magic formula, no cookie cutter approach. At 4 Pillars Burnaby we put together a debt strategy that is as unique as your situation. We begin by listening. Then we analyze your situation and start putting together the Debt Settlement Strategy that is going to work best for you. We give you options. We create a plan to deal with your creditors to help reduce your debt by up to 80%. And, we keep you informed every step of the way. Your best solution may be budgeting or some financial education, you may be best served by a consolidation loan, or perhaps a consumer proposal. Regardless of the route you take, we are working on your behalf, representing your interests and creating roadmap that will 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. 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.
In Jim’s case, we were able to put together a debt settlement strategy that included filing a Consumer Proposal. We met with a Licensed Insolvency Trustee and were able to agree terms that would provide a substantial reduction to his debt. We worked to ensure Jim and his family got the best deal for their situation. Once the Consumer Proposal was in place, we set about improving Jim’s credit score.
If you have concerns about your debt or if you’d like to discuss your debt settlement options, call me, Gurinder Dhaliwal at 4 Pillars Burnaby, (778) 340-4002. Jim’s debt situation was unique to him as yours is to you. But with the help of 4 Pillars you can write your own rags to riches story complete with a happy ending of your own making.
To learn more about 4 Pillars Debt Solutions. Visit us at 4Pillars.ca. And don’t forget to sign up for our Debt Bootcamp.
