tag:blogger.com,1999:blog-49883484454361645662024-03-13T09:31:57.617-07:004 Pillars Victoria & Vancouver Island4 Pillars Consulting Grouphttp://www.blogger.com/profile/13395063566178734184noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-4988348445436164566.post-90082731003479885492017-11-24T16:44:00.001-08:002017-11-24T16:44:41.291-08:00Your 4 Pillars Consultant in Victoria Is There for You after Bankruptcy or Consumer Proposal<div class="separator" style="clear: both; text-align: center;">
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Each year, thousands of Canadians take out <a href="https://www.4pillars.ca/howwehelp/bankruptcy">bankruptcy</a> or a consumer proposal for debt relief, and this is not an easy time in life. You might think that there's little you can do but wait for many years for your credit rating to recover. The truth is, you can recover quicker than you may think. Your <a href="https://www.4pillars.ca/howwehelp/after_care">4 Pillars consultant in Victoria</a> walks you through the process of debt relief and is there for you afterward too. Here are some of the things we can help you with.<br />
<a name='more'></a><b>Rebuilding Your Credit</b>
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Your 4 Pillars consultant in Victoria offers a credit rebuilding plan that's part of your debt restructuring program. You can easily access your credit score and reports, and you receive a professional assessment. You'll enjoy access to a number of credit rebuilding programs and strategies. You are not alone in the credit rebuilding process, and you have help along the way.<br />
<b>How the Process Work</b>
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After you have taken care of your debt issues, you receive a complete assessment of your credit to see exactly where you are today. By carefully going over your credit report, we can help you correct any errors or misinformation that may cause you future problems. We also check out debts that may be still in the collection process.
Our goal is to get your credit score back to a respectable 650 or greater within two years time. Your 4 Pillars consultant in Victoria has several plans that can help you earn credit and use it properly.<br />
We'll go over all the common mistakes with you to help you protect your credit rating and get your life back in order. We are the largest and oldest debt restructuring company in Canada. Check out the 4 Pillars website at 4pillars.ca to find a 4 Pillars Consultant on Vancouver Island today.4 Pillars Consulting Grouphttp://www.blogger.com/profile/08274974960699251726noreply@blogger.com0tag:blogger.com,1999:blog-4988348445436164566.post-91773251722627401032017-10-16T12:32:00.001-07:002017-10-16T12:43:03.050-07:004 Pillars After Care Program is Second to NoneDiscover how <b><i>4 Pillars Consultants</i></b> help you learn the skills of a quarterback to score that touchdown to remove the burden of debt from your life.
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<b><i>How 4 Pillars Debt Consultants on Vancouver Island are different</i>
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<span style="font-family: Times, Times New Roman, serif;">Larry and Jerry are both coaches that represent different teams.
Larry and his company is ministered consumer proposals in bankruptcies. It's important to note that Larry has fiduciary duty to the creditors</span><br />
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<span style="font-family: Times, Times New Roman, serif;">Jerry is a 4 Pillars Debt Consultant - a debt specialist who also helps his client eliminate debt for good.</span><br />
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<span style="font-family: Times, Times New Roman, serif;">Jerry solely represents the interests of the debtor. After debt is reduced Jerry continues his work helping you rebuild your life.</span><br />
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<span style="font-family: Times, Times New Roman, serif;">Once coach Larry gets the creditor what he wants from you he hits the road but coach Jerry, the 4 Pillars Debt Specialist, knows that eliminating your debt is just the beginning of your success story. As your financial coach Jerry doesn't just slap you on the back after the big game, he gets you back in the locker room reviewing play strategies and practices keep you strong and ready to win back your credit.</span><br />
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<span style="font-family: Times, Times New Roman, serif;"><span style="background-color: transparent;">Over </span><span style="background-color: transparent;">twenty percent of Canadians who file for </span><span style="background-color: transparent;">bankruptcy or a consumer proposal will </span><span style="background-color: transparent;">refile for a second time within ten </span><span style="background-color: transparent;">years. It can take up to two years to </span><span style="background-color: transparent;">rebuild your credit but only 30 days to </span><span style="background-color: transparent;">destroy it. This is why 4 Pillars Consultants in Victoria offer the most </span><span style="background-color: transparent;">comprehensive plan to deal with debt.</span></span><br /><span style="font-family: Times, Times New Roman, serif;"><span style="font-family: "times" , "times new roman" , serif;"><span style="background-color: transparent;">T</span><span style="background-color: transparent;">hey understand your immediate </span><span style="background-color: transparent;">financial challenges and genuinely want to help </span><span style="background-color: transparent;">you achieve your future financial goals. They will </span><span style="background-color: transparent;">focus on your debt exploring all </span><span style="background-color: transparent;">available options to reduce and </span><span style="background-color: transparent;">eliminate your debt but it doesn't end </span><span style="background-color: transparent;">there. </span></span></span><br />
<span style="font-family: Times, Times New Roman, serif;"><br /><span style="font-family: "times" , "times new roman" , serif;"><span style="background-color: transparent;">Unlike other debt companies 4 P</span><span style="background-color: transparent;">illars Consultants on Vancouver Island offer their clients an </span><span style="background-color: transparent;">extensive aftercare program it's </span><span style="background-color: transparent;">designed to rebuild your credit and keep </span><span style="background-color: transparent;">you from the pitfalls that cause so </span><span style="background-color: transparent;">many to fall back into debt. Not only </span><span style="background-color: transparent;">do 4 Pillars Specialists conduct free credit </span><span style="background-color: transparent;">rebuilding workshops, their aftercare </span><span style="background-color: transparent;">program has been so successful that </span><span style="background-color: transparent;">competing companies are recommending the 4</span><span style="background-color: transparent;"> Pillars aftercare program. </span></span></span><br />
<span style="font-family: Times, Times New Roman, serif;"><br /><span style="font-family: "times" , "times new roman" , serif;"><span style="background-color: transparent;">While you </span><span style="background-color: transparent;">are paying off your debt your 4 P</span><span style="background-color: transparent;">illars Debt Specialist is putting </span><span style="background-color: transparent;">together a plan to rebuild your credit. They</span><span style="background-color: transparent;">'ll analyze your equifax and </span><span style="background-color: transparent;">transunion credit reports; help you fix </span><span style="background-color: transparent;">incorrect information and educate you on </span><span style="background-color: transparent;">how the credit system really works. Your 4 P</span><span style="background-color: transparent;">illars Consultant and Debt Specialist will also </span><span style="background-color: transparent;">put together a detailed credit </span><span style="background-color: transparent;">rebuilding program, while monitoring your </span><span style="background-color: transparent;">progress and helping you get credit </span><span style="background-color: transparent;">products that will best help your </span><span style="background-color: transparent;">situation. </span></span></span><br />
<span style="font-family: Times, Times New Roman, serif;"><br /><span style="font-family: "times" , "times new roman" , serif;"><span style="background-color: transparent;">With your 4 Pillars </span><span style="background-color: transparent;">financial coach writing the playbook </span><span style="background-color: transparent;">you'll be on the winning team for years </span><span style="background-color: transparent;">to come. By rebuilding your credit you'll </span><span style="background-color: transparent;">be able to get a mortgage; travel; buy a </span><span style="background-color: transparent;">new car you'll even have access to </span><span style="background-color: transparent;">credit during emergencies. In fact 4 P</span><span style="background-color: transparent;">illars aftercare program will open your </span><span style="background-color: transparent;">world up to endless possibilities. </span></span></span><br />
<span style="font-family: Times, Times New Roman, serif;"><br /><span style="font-family: "times" , "times new roman" , serif;"><span style="background-color: transparent;">4 P</span><span style="background-color: transparent;">illars aftercare program is the </span><span style="background-color: transparent;">best post debt program in Canada and it </span><span style="background-color: transparent;">is offered at an affordable rate to make it </span><span style="background-color: transparent;">possible for all Canadians to take part </span><span style="background-color: transparent;">to learn more contact a Vancouver Island 4 Pillars Consultant and D</span><span style="background-color: transparent;">ebt specialist today!</span></span></span><br />
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<span style="font-family: Times, Times New Roman, serif;"><span style="font-family: "times" , "times new roman" , serif;"><span style="background-color: transparent;"><br /></span></span></span>4 Pillars Consulting Grouphttp://www.blogger.com/profile/08274974960699251726noreply@blogger.com0Victoria, BC, Canada48.4284207 -123.3656444000000148.3441262 -123.5270059 48.512715199999995 -123.20428290000001tag:blogger.com,1999:blog-4988348445436164566.post-69635728774438631542017-08-23T10:30:00.000-07:002017-09-08T02:51:51.463-07:004 Pillars Consulting Group Launches the New Canadian Home Program<br />
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Victoria, British Columbia (August 25, 2017) – <a href="http://4pillarsconsultinggroup.blogspot.com/">4 Pillars</a> Consulting Group has launched the Canadian Home Program, a home ownership program designed to aid aspiring homeowners. The program offers Canadians the opportunity to gain more knowledge about qualifying for a mortgage, effective money management and financial literacy. Completing the program allows families to become more stable financially.</div>
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The program consists of two sessions where participants can learn about important topics like budgeting, debt, the credit rating system, financial restructuring and credit rebuilding. The objective of Session 1 is to explain the crucial requirements to qualify for home ownership. Here, industry professionals will educate would-be homeowners on income qualification, deposit requirements, credit scoring, improving credit scores and debt restructuring. At the end of the session, additional assistance will be given in the form of a detailed plan for home ownership.</div>
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While the purpose of Session 1 is to determine whether one is ready for home ownership, Session 2 delves more into the details of finally purchasing a home. Professionals work side by side with participants to prepare them for this aspect of the home ownership journey. At this point, participants should have already been pre-approved for a mortgage, and well on their way to searching for suitable homes in their preferred locations.</div>
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After completing both sessions, attendees will be issued a completion certificate and will automatically be qualified for the Down Payment Assistance services offered as part of the program. With professional help, participants will be connected to additional sources of down payment assistance.</div>
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Since the Canadian Home Program is a national program, workshops for Session 1 and Session 2 open all the time across different locations. Interested parties are advised to check for newly added sessions and upcoming courses from time to time. Register now for sessions scheduled in Edmonton for September.</div>
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For more information, visit <a href="https://www.facebook.com/4PillarsConsultingVancouverIsland">https://www.facebook.com/4PillarsConsultingVancouverIsland</a>.</div>
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<b>About 4 Pillars Consulting Group</b></div>
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4 Pillars Consulting Group is a Canadian-owned company composed of debt relief specialists who specialize in helping restructuring personal debt. The firm is dedicated to finding the right financial solutions for consumers who are struggling with personal debts. Experienced and highly trained consultants from <a href="https://4pillarsconsultinggroup.wordpress.com/">4 Pillars in Victoria</a>, Nanaimo, Port Alberni, and Courtenay can help through the range of services offered. Those who are in need of additional support and guidance for when considering bankruptcy, consumer proposals, corporate restructuring, consolidation loans and other debt restructuring methods can turn to the debt relief specialists at 4 Pillars Consulting Group.
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4 Pillars Consulting Grouphttp://www.blogger.com/profile/08274974960699251726noreply@blogger.com0tag:blogger.com,1999:blog-4988348445436164566.post-64522727016287189132017-08-11T10:10:00.000-07:002017-09-08T02:21:36.000-07:00Ask 4 Pillars Debt Consultants What Assets You Can Keep in Bankruptcy<br />
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Filing for bankruptcy with a Licensed Insolvency Trustee gives you protection from your creditors and virtually all actions they can take against you to collect payment. However, it comes with a huge drawback: you will have to surrender some of your assets to a trustee. Your assets will then be liquidated to pay off your creditors and settle all your debts.</div>
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When bankruptcy is your only option, this is an unfortunate reality you have to live with. It is worth noting, though, that there are federal laws in place to prevent your creditors from taking advantage of your situation. Debt consultants from <a href="https://4pillarsconsultinggroupbc.wordpress.com/">4 Pillars in Victoria</a>, Nanaimo, Port Alberni, and Courtenay can help you determine which of your assets may need to be given up to the trustee and also consult with you on other options to deal with your debt. </div>
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Common Exempted Assets</h2>
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Under the Bankruptcy and Insolvency Act, you are entitled to keep some assets. Usually, the government will allow you to keep your possessions if they consider such items as reasonable living expenses. This is so you can support yourself after your bankruptcy has been discharged.
In general, debtors can hold on to their clothing, personal items, tools necessary for their vocation, pets, necessary food items, household furniture, equipment in their personal home, motor vehicles with values up to a certain limit, select farm properties, and home equity.</div>
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If you applied for Registered Retirement Savings Plans, what you have already saved is also exempt from bankruptcy. Take note, however, that contributions made in the twelve months before bankruptcy are not. Meanwhile, your retirement savings are also exempt in case of legal debt or if your creditors try to seize your assets during debt settlement. </div>
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Exempted Assets Specific to British Columbia</h2>
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Each province also has the right to establish bankruptcy exemptions for their residents. For instance, if you live in British Columbia, you will have to be aware of specific details regarding what assets you are allowed to keep.</div>
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In BC, residents can keep $4,000 worth of household furnishings and goods, $5,000 worth of motor vehicle equity, $10,000 worth of vocational tools, $9,000 worth of home equity ($12,000 for Victoria and Vancouver), and all medical devices.</div>
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The amounts that are exempt in a bankruptcy can change from time to time, so be sure to check for any updates while you are in the process of filing for bankruptcy. Better yet, work with a debt relief specialist from a reputable company like <a href="http://4pillarsconsultinggroupbc.blogspot.com/">4 Pillars</a>. Professionals with experience in handling debt and solely representing the interests of the debtor can give you more details to better protect your assets and what to accept when working with a Licensed Insolvency Trustee.
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4 Pillars Consulting Grouphttp://www.blogger.com/profile/08274974960699251726noreply@blogger.com0tag:blogger.com,1999:blog-4988348445436164566.post-50990869474166289692017-08-01T08:50:00.000-07:002017-09-08T01:48:02.771-07:004 Pillars Specialists Can Help If Your Consumer Proposal Was Denied<br />
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Filing for a consumer proposal is one of the most effective ways to pay off debt. Through this process, debtors can comfortably repay what they owe through a licensed insolvency trustee. Most creditors prefer this method as well because proposals often offer greater realizations than a bankruptcy.<br />
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Once you file for a consumer proposal with support and guidance from <a href="https://4pillarsconsultinggroup.wordpress.com/">4 Pillars in Victoria</a>, Nanaimo, Port Alberni, or Courtenay, your creditors will have a 45-day voting period. During this time, they will determine whether to accept or reject your proposal. If the majority votes to accept your proposal, then the process will move forward. If the votes are split, you may be asked to attend a meeting with your creditors where both parties will try to reach an agreement.<br />
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Debt relief specialists will first recommend making changes to the proposal before trying anything else. You might have been rejected because majority of your creditors didn’t like the terms you presented with your initial proposal. If you were invited to meet with the creditors, take it as an opportunity to ask if they would consider accepting with certain additional terms.<br />
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Consider Other Solutions</h2>
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Depending on your current situation, there might be a better debt solution for you. For instance, if consumer proposal doesn’t work out, you can try another form of proposal. A Division I proposal bears some similarities to consumer proposal, and is ideal for both businesses and individuals. Meanwhile, if you own a company that has over $5 million in debt, you can restructure your financial affairs through the Companies’ Creditors Arrangement Act (CCAA).<br />
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It’s best to weigh all your options to make informed decisions. A <a href="http://4pillarsconsultinggroupbc.blogspot.com/">4 Pillars</a> consultant can help you determine whether you are an ideal candidate to the available alternatives.<br />
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Bankruptcy is viewed more as a last resort, but there are a few perks that come with bankruptcy protection. Under the Bankruptcy and Insolvency Act, a trustee will sell, use, or transfer your assets to pay your creditors. Although bankruptcy will have a significant impact on your credit and finances, it will put a complete stop to all actions taken against you by your creditors. They can no longer try to contact you or forcibly take your income through wage garnishment.<br />
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Speak to an expert to increase your chances of success with consumer proposal or find suitable alternatives in case of rejection.4 Pillars Consulting Grouphttp://www.blogger.com/profile/08274974960699251726noreply@blogger.com0tag:blogger.com,1999:blog-4988348445436164566.post-89664103202816617042017-06-28T09:35:00.000-07:002017-08-25T01:04:43.415-07:004 Pillars Consultants Set Apart the Most Common Debt Relief Options<div style="text-align: left;">
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Recent statistics show that the amount of household debt in Canada has risen to over 160 percent of adjusted household disposable income. This means that a lot of Canadian families are owing more money than they actually earn. It’s only a matter of time before the financial sector feels the impact as the rate of nonpayment begins to shoot up.
Fortunately, debtors are offered various solutions to their financial situations, which in turn help creditors recover their money. The most common of these debt relief options are debt consolidation, debt restructuring, and debt settlement. While they have many apparent similarities, they are actually different and should be treated as separate debt relief options. <a href="https://4pillarsconsultinggroupbc.wordpress.com/">4 Pillars Victoria</a> and Vancouver Island consultants can help you understand these differences so that you can make the right choices when trying to manage your financial obligations.</div>
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One of the main reasons why either debt consolidation or debt restructuring does not work for some borrowers is that they are often used interchangeably. You cannot blame the borrowers for making such a mistake though because the features of these options look very similar. For instance, it’s pretty obvious that consolidating multiple debts is an act of restructuring the original debt, simply because you are changing something in the structure of your debt. The truth is that there’s a fine line of difference.
Debt consolidation is the process of combining multiple debts into one, hoping to lower the regular rate and simplifying the monitoring and payment processes. Debt restructuring, on the other hand, is the process of re-negotiating the terms of credit facilitated to make it more affordable. The difference is in the active participation of the creditors in the process; only in debt restructuring they are given the option to actually respond to the borrower’s request for consideration.
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Debt Restructuring Is Not a Form of Debt Settlement</h2>
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The reason most creditors agree to restructure debts is that there’s a chance they might not get anything once the debtors file for a bankruptcy. They agree to the new terms so that they can recover at least a portion of the original amount they lent. This is why debt restructuring is also often mistaken for debt settlement.
While both involve negotiation, these two options have key differences. In a debt settlement, the lenders individually simply agree to forgive a portion of the debt to enable the borrower to make one payment to settle the unpaid/delinquent debt. In a debt restructuring, on the other hand, the borrower requests to alter the terms of the lending collectively to all creditors in order to achieve some advantages.
By understanding the differences between these debt relief options, you can easily identify which can best help your unique situation. Consultants from <a href="https://4pillarsconsultinggroup.wordpress.com/">4 Pillars</a> can shed light on matters that you find difficult to grasp when it comes to paying your debt.<br />
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<b>Sources:</b><br />
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Canadian household debt hits another record in fourth quarter, thestar.com<br />
Debt Restructuring, investopedia.com<br />
Household debt in Canada, statcan.gc.ca
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4 Pillars Consulting Grouphttp://www.blogger.com/profile/08274974960699251726noreply@blogger.com0tag:blogger.com,1999:blog-4988348445436164566.post-67957355481141641812017-06-19T11:28:00.000-07:002017-08-21T19:34:02.720-07:00Learn How Debt Restructuring from 4 Pillars in Victoria Can Help You<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEip-6IgUD_jrvAxcjI3vLxxBpNqzWrbkAJLbNEzbjjan1Zs9oHnTrCMlGlpegLKj7elkwgabXmO4nWauRz_VTqYKBEbLWpxMJutRmCQePFI5ubXGwvGsTT3rA2AY4ZQpl8qVYVCccZvgH4/s1600/1+-+bigstock-family-age-season-and-people-97674326.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1041" data-original-width="1600" height="260" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEip-6IgUD_jrvAxcjI3vLxxBpNqzWrbkAJLbNEzbjjan1Zs9oHnTrCMlGlpegLKj7elkwgabXmO4nWauRz_VTqYKBEbLWpxMJutRmCQePFI5ubXGwvGsTT3rA2AY4ZQpl8qVYVCccZvgH4/s400/1+-+bigstock-family-age-season-and-people-97674326.jpg" width="400" /></a></div>
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Having a debt that is almost impossible to pay is a stressful experience. Unfortunately, statistics show that the average Canadian owes up to $22,081 and growing. This means that almost everyone has some kind of financial obligation and is on the lookout for an escape route and a chance to start again.
It would seem that the only way to free yourself from debt is to pay it plus the interest that it has incurred over time. There’s another method, though, which allows you to pay just a fraction of your debt and yet still be able to clear it out altogether—debt restructuring, a solution that <a href="http://4pillarsconsultinggroupbc.blogspot.com/">4 Pillars Victoria</a>, Nanaimo, Port Alberni, and Courtney consultants will review with you.<br />
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What Is Debt Restructuring?</h2>
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Your ability to pay your debt depends mainly on the terms of the debt agreement. Therefore, to increase your ability to pay, you only have to alter those terms. While it seems impossible, this is actually a legal and viable option for any person or business with outstanding financial obligations.
Debt restructuring basically means a part or the whole of a debt agreement is restructured to help a debtor pay his debt and in so doing help the creditor recover the money owed. With a proper repayment plan, some creditors end up agreeing to new terms even if it means losing the supposed profit from the debt service.<br />
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Consumer Proposal</h2>
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Consumer proposal is one of the most popular examples of the debt restructuring solution. This is an arrangement between the debtor and the creditor witnessed and mediated by a Consumer Proposal administrator or a Licensed Insolvency Trustee. It protects you from debt collectors and offers you a chance to settle your financial obligations in more affordable terms.<br />
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Bankruptcy</h2>
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If you are unable to pay your debts according to the original terms and conditions you and your debtors have agreed on, you may choose to file for bankruptcy. You will still pay your debt but filing for bankruptcy allows you to repay it under the protection of the federal bankruptcy court. Unlike consumer proposal, however, there’s a risk that some of your assets will be seized.
Whichever debt restructuring method you select, it is important to use professional aid when deciding on the right option for your needs. This is where debt relief solution providers like <a href="https://4pillarsconsultinggroup.wordpress.com/">4 Pillars</a> consultants come in. You need a company that has vast experience in helping people settle their financial obligations through debt restructuring and other options.4 Pillars Consulting Grouphttp://www.blogger.com/profile/08274974960699251726noreply@blogger.com0tag:blogger.com,1999:blog-4988348445436164566.post-49342378052706187932017-06-19T09:30:00.000-07:002017-08-25T01:21:13.306-07:004 Pillars Consultants Explain How Restructuring Affects Credit Scores<br />
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Victoria, British Columbia (July 14, 2017) – Debt consultants from the Vancouver Island regional base of <a href="https://4pillarsconsultinggroup.wordpress.com/">4 Pillars</a> Consulting Group explain how debt restructuring affects credit scores. Canada provides its citizens with several options for settling debt they otherwise can’t pay back alone. Many, however, are reluctant to approach debt restructuring specialists for fear of how it would affect their credit scores. What consumers need to understand is that the mere act of consulting with an expert proves inconsequential to credit rating. If anything, it shows creditors that a debtor is serious about reducing debt.<br />
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What directly influences credit score is the debt management plan that will be used. Understandably, the credit score will dip because the client has taken drastic measures to settle debt. When one files for bankruptcy, he will receive an R9 rating. This is actually the lowest score a debtor can have, and it will remain on his record for at least seven years. Filing for a consumer proposal will lead to an R7 rating, which is higher than R9 but still considered very low. An R7 rating indicates that the debtor has been able to strike a deal with his creditors, making him eligible for opening up new credit lines in the future.<br />
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The credit report will show that the debtor is regularly making payments through an arrangement with a debt consultant. Normally, this will remain visible for up to two years even after paying off the debt. One need not worry, however, as this will not affect their ability to open bank accounts. From there, a <a href="http://4pillarsconsultinggroup.blogspot.com/">4 Pillars Victoria</a> or Vancouver Island consultant can help them rebuild their credit.<br />
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A high credit rating doesn’t necessarily translate to credit worthiness, especially if debts are too high and the credit cards are maxed out. Pay off debt first, and then work on improving credit score.<br />
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<b>About 4 Pillars Consulting Group - Vancouver Island</b><br />
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4 Pillars Consulting Group - Vancouver Island is a dynamic, independent group of consultants specializing in personal and corporate debt resolution through financial restructuring and extending assistance to people in financial crisis. Representing only debtors, the consultants aim to offer clients the best solutions to their debt challenges. More information can be found on the <a href="https://www.facebook.com/4-Pillars-Consulting-Group-Vancouver-Island-1894610224112483">Facebook page</a>.
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