Debt Counselling Expert to Canadians: Three Ways to Retire Debt-Free

Personal debt has always been a major topic in national conversations concerning financial security. This is more disturbing for retirees who have to survive on a fixed income and have less options to amend their financial state. In fact, according to Statistics Canada (via ThePersonal.com), nearly one-thirds of retired individuals as young as 55 owe several thousand dollars, the median being $19,000. A survey done for Manulife also suggested that many still struggle with financial literacy; a quarter of respondents do not even think mortgages and auto loans are part of their total debt.
http://www.4pillarsvi.ca/debt-counselling-expert-to-canadians-three-ways-to-retire-debt-free/

Simple Steps to Debt Relief: Easy Ways to Properly Manage your Debt

Though household debt in Canada has been reportedly on the rise, a recent report from the Fraser Institute showed that Canadians are gradually learning to manage their finances more prudently than before. There’s always more room for improvement, though, especially since the fact remains that more households are finding themselves sinking in debt. For a start, you can opt for an informal proposal to alleviate your problems with debt. Through this out-of-court settlement, you may be able to negotiate payment that’s considerably less than what you owe your lenders. The most effective path to debt relief, however, is not just through these programs, but how you manage your debt. Here are some ways you can start managing your finances today.
http://www.4pillarsvi.ca/simple-steps-to-debt-relief-easy-ways-to-properly-manage-your-debt/

Debt Consolidation: Take Out One Big Loan to Pay Off All Smaller Loans

Although using your credit card to pay for your groceries and taking out a mortgage is financially convenient, doing so can slowly bury you in debt if you don’t manage it properly. If your debts pile up and you become unable to pay, however, there are a number of debt relief options you can use. One of the most appealing of these is debt consolidation. This option involves taking out a huge loan to pay off a number of smaller loans. While it seems pointless considering that you only replaced your existing debt with a larger one, it is actually meant to reduce your monthly payment. Compared to multiple loans with multiple interests, which sometimes vary in rate depending on the terms, a single loan may come with a much lower rate. That’s where you experience debt relief.
http://www.4pillarsvi.ca/debt-consolidation-take-out-one-big-loan-to-pay-off-all-smaller-loans/

A 4 Pillars Consultant in Victoria Can Help Your Firm Get Rid of Debt

Businesses in Victoria take out loans for a number of reasons, such as when they need to purchase real estate, obtain equipment to expand their operations, or to increase their working capital. The decision to borrow money, however, comes with the risk of not meeting the terms of the loan. When that happens, a business can be buried in debt and become bankrupt. Debt Restructuring Thanks to debt solution providers, many businesses with huge debts manage to recover. Debtors can resort to either a Consumer (Division II) Proposal or a CCAA/Division I Proposal depending on their size and the amount they owe.
http://www.4pillarsvi.ca/a-4-pillars-consultant-in-victoria-can-help-your-firm-get-rid-of-debt/