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Case Study – Single Parent Family

Case Study #3: Single Parent Families Being a single parent is one of the hardest jobs in the world. Balancing a budget is daunting enough, never mind when you have little ones to worry about. It’s not surprising that lone parent families are more than twice as likely to use payday loans than couples with […]

How Much Is Too Much Debt Infographic?

Our friends over at Easelly were kind enough to design and create the infographic below! Enjoy!

Retirement / Fixed Income – Case Study

Case Study –  Heading into Retirement with Debt on Fixed Income Intro Regardless of what age you’re hoping to retire, many Canadians are entering their golden years with higher levels of debt. The percentage of senior families still carrying debt jumped from 27% in 1999 to 42% in 2016. As you move to a fixed […]

Student Loans – 4 Pillars Case Study

Case Study – Student Loans The average Canadian graduate’s post-secondary school with $25,000-$30,000 in student debt. That’s already a significant debt load to start your adult life with. This level of debt is above the average Canadian debt load. More and more we are seeing clients still struggling to tackle this debt later into life. […]

Will debt consolidation affect my security clearance

Will debt consolidation affect my security clearance? This question is asked by our clients that mainly work for the government. While we cannot answer this question with 100% certainty, we can answer it based upon having assisted several government employees consolidate their debts. Based on our client’s experience the answer is no. Debt consolidation will […]

4 Pillars – Why we should ALWAYS be your first choice

4 Pillars – Why we should ALWAYS be your first debt relief choice With the marketplace being full of debt professionals and debt relief options it is very difficult to know what option to choose when dealing with debt. How do you know who to trust? Who works for who? What companies are legitimate? Is […]

Ultimate Guide To Getting Out Of Credit Card Debt

The Secret To Getting Out Of Credit Card Debt. Are you tired of being stuck in credit card debt? Welcome to a club that a significant portion of the population is currently in. Let’s explore the true secret to getting out of credit card debt. Getting out of credit card debt can be extremely difficult. […]

What debt can be written off?

What Debt Can Be Written Off? What debt can be written off is a question that many people struggling with debt ask. What people don’t realize is that nearly every type of debt can be written off. There are only a few exceptions which we will cover later in this article. Debt can always be […]

When is a consumer proposal removed from credit report?

When is a consumer proposal removed from your credit report? Both TransUnion and Equifax have their own policies in regards to how long a consumer proposal stays on your credit bureau. Below is the most current data, from their websites: Consumer proposal credit effect according to Transunion From their website: The consumer proposal and all […]

How Much Debt Is Too Much Debt?

Discover How Much Debt Is Too Much Debt? “How much debt is too much?” There are a couple of simple answers to that question: (A) “More debt than I can pay is too much debt,” or, (B) “The debt that I have now is too much debt.” If that’s how you feel, then rest assured: you are […]

Best Debt Relief and Debt Help Programs in Nova Scotia

Best Debt Relief Programs and Debt Help Programs in Nova Scotia When in debt it is very hard to know what is the best debt relief and debt help program. With all of the advertisements you see on TV and hear on the radio it is truly difficult to know what is the best option […]

Student Loans in Bankruptcy – The Conclusive Guide

Student Loans in Bankruptcy – The Conclusive Guide Knowing how your student loans will get impacted if you file bankruptcy is an important question. Student loans are special in that they are treated differently than your regular unsecured debts. How they get handled depends on how long you have been out of school. The general […]

How to deal with a Debt Collection Agency in Nova Scotia

How to deal with a Debt Collection Agency in Nova Scotia Dealing with a debt collection agency is one of the hardest things you can do as someone in debt. You are already struggling with debt – which is painful enough. The next thing you know you are getting harassing calls that prevent you from […]

Bankruptcy Specialist – Avoid Mistakes When You Pick

Avoid Mistakes When Picking Your Bankruptcy Specialist It is hard enough navigating the traditional banking system let alone bankruptcy. RRSPs, RESPs, TFSAs, Whole Life, Universal Life, Term Life, Seg Funds, Non-Registered, Registered accounts. It all becomes extremely confusing. When you talk about bankruptcy you have equally complex terms like exempt assets, non-discretionary expenses, hypothetical bankruptcy […]

Top Debt Relief Steps You Can’t Take On Your Own

Top Debt Relief Steps You Can’t Take On Your Own And some you can! If you’re swimming in debt, you’re hardly alone. According to a report published by CBC Canada early this year, the average Canadian citizen spends approximately $1.77 in debt for every dollar of disposable income received. While this is a slight decrease, it’s still […]

Filing For Bankruptcy in Nova Scotia

Filing for bankruptcy in Nova Scotia? The process of filing for bankruptcy in Nova Scotia is no different than filing for bankruptcy in any province. If you owe at least $1,000 and are insolvent (generally defined as either having more debt than assets and/or as not being able to pay your bills as they are […]

Filing Bankruptcy Yourself – Is it even possible?

How to file bankruptcy yourself? Is it even possible? The question of how to file bankruptcy yourself or whether filing bankruptcy yourself is even possible is a question we receive from time to time. Bankruptcy is governed by the Bankruptcy and Insolvency Act which stipulates that bankruptcy must be filed through a Licensed Insolvency Trustee. […]

Consumer Proposal vs Bankruptcy: The Ultimate Comparison

Consumer Proposal vs Bankruptcy: The ultimate comparison When we assist clients in reviewing their debt consolidation options we can often tell that our clients wonder whether or not they should file bankruptcy. We try and make this as easy as possible by visually showing them the difference in a face-to-face appointment. Knowing the pros and […]

How does a consumer proposal affect credit

How does a consumer proposal affect credit? I wrote in my article about whether a consumer proposal can be rejected that the most frequently asked question I receive is in relation to if a proposal can be accepted. The second most frequently asked question by far is how does a consumer proposal affect credit? There […]

How does credit counselling typically work?

How does credit counselling typically work? Credit Counselling is a form of debt consolidation. It is a very specific form of consolidation that is done by engaging the services of either a for-profit or non-profit credit counselling firm. So how does credit counselling typically work? Credit counselling typically works by signing on a for-profit or […]

Need Help With CRA Debt?

Do you need help with CRA debt? Do you require help with CRA debt? You are not alone. Many of our clients suffer from overwhelming and stressful CRA debt. Unlike other creditors, CRA is not always willing to cooperate with consumer debtors and they often do not know how to engage CRA in an efficient […]

How does 4 Pillars work?

How Does 4 Pillars Work? No matter that we have been in the industry for 15+ years, have 1000+ positive testimonials across the internet, primarily Trustpilot we still get asked: How does 4 Pillars work? Simply put… 4 Pillars works by assisting you in understanding your options, outlining a plan, and helping you in implementing […]

Can a consumer proposal be rejected?

Can a consumer proposal be rejected? In nearly every consultation we have clients frequently have the same questions. The most frequent question is ‘can a proposal be rejected’? We certainly understand this fear. When someone is going to file a proposal they are at a point in their lives where stress is the norm. The […]

Bankruptcy: What is it? How does it work? How much does it cost? Is it worth it? Should you file one?

Bankruptcy: What is it? How does it work? How much does it cost? Is it worth it? Should you file one? Are you considering filing bankruptcy but are not sure of the ins and outs? Our offices have assisted thousands of Dartmouth, Halifax, and Nova Scotia residents navigate the most common questions we get asked. […]

Consumer Proposal: What is it, how does it work, what are the costs and should you file one?

Consumer Proposal: What is it, how does it work, what are the costs and should you file one? Are you considering filing a consumer proposal but are not sure precisely what a proposal even is? We receive a significant number of inquiries as to what a consumer proposal is, how do they work, what are […]

Debtor Assistance Program in Nova Scotia: Are there other options?

Debtor Assistance Program in Nova Scotia: Are there other options? Are you considering a debtor assistance program in Nova Scotia? If yes, then you’re not alone. With a national debt of over $691 billion, it’s no longer a secret that Canadians are wallowing in debt. According to a survey carried out at the beginning of […]

5 Steps To Get Debt Free Fast!

5 Steps To Get Debt Free Fast Becoming debt free is a goal that so many consumers have these days. With debt loads rising faster than incomes, it is an unfortunate fact that debt has become a way of life for so many. With nearly $1.79 in debt for every dollar of income we make, […]

Debt Settlement: Myths and Facts?!

Debt Settlement: Myths and Facts?! 4 Pillars specializes in Debt Consolidation and Debt Restructuring. We receive many inquiries about debt settlement. We wanted to provide some information about what debt settlement is. What it isn’t. And the myths and facts about the process. Debt settlement or credit settlement is where you, or a debt settlement […]

How Does Debt Consolidation Work in Halifax?

How Does Debt Consolidation Work in Halifax? Debt Consolidation is a term we are all familiar but is often misunderstood. Simply put, it is the process in which you take all of your debt and put it into one bundle. Instead of having 3 credit cards, and 2 loans, you would restructure them into one […]

Life after Debt: Rebuilding with 4 Pillars Halifax

With the ringing in of a new year comes the promise of a new beginning, a fresh start, a renewed sense of hope. This is the year you’re going to lose weight, save money, exercise more, read more. Whatever your New Years’ resolutions may look like, they are all your sincere attempt to make a […]

Debt Issues, Who Can You Trust? 4 Pillars Halifax

Trust is tricky. Finding someone to trust with your secrets starts at a young age, and you risk betrayal if the person you’ve entrusted with your faith fails to keep your confidence. By the time you’re an adult, you’ve usually found someone you can trust and met people you can’t. Your lawyer, your doctor, your […]

Case Study: Tammy’s Story

In any family, unexpected health issues can arise and wreak havoc on day-to-day and long-term finances. Tammy and her husband, a hardworking couple, discovered this when Tammy’s husband experienced an unexpected health issue and was unable to continue working. Initially, he received long-term disability payments to help cover expenses. After a period of time, the […]