4 Pillars Consultants Help Determine Consumer Proposals Eligibility

More and more Canadians are looking into alternatives for bankruptcy. In fact, in 2014 alone, more than 53,000 people filed for a consumer proposal. With a lower monthly debt payment, wage protection, and a considerably less severe effect on credit score, it is no wonder why using a consumer proposal has become a viable option for many. It is worth noting, however, that not everybody will be qualified for consumer proposals and other alternatives to bankruptcy may be more viable. There are certain requirements you need to meet and consider before looking at any debt restructuring option. An experienced consultant from 4 Pillars in Victoria, Nanaimo, Port Alberni, or Courtney can help understand your options and verify your eligibility.

Start Reducing Your Debt with Help from 4 Pillars Victoria Consultants

Recent studies suggest that an increasing number of Canadians find themselves in debt and are spending as much on debt interest as education. This does not mean, however, that Canadians aren’t taking action: a poll conducted at the end of 2016 revealed that paying down debt is the top financial priority of over 28 percent of Canadians. It also seems that they are trying to lead lives debt-free, as 70 percent of Canadians did not take any new debt in the past 12 months. With these encouraging numbers, one can’t help but be inspired to take the first steps in reducing their own debt. Start your own journey to becoming debt-free by heeding these tips from 4 Pillars Victoria Nanaimo, Port Alberni, and Courtney consultants.