Many Canadians are drowning in debt with no end in sight. The good news is that debt consolidation in Victoria can be a saving grace and provide necessary debt relief. Your first step is scheduling an appointment with 4 Pillars to see if consolidation loans for bad credit or other debt consolidation options will work for you.
Amount Owed
4 Pillars first looks at your debt versus your income. If your debt payments account for more than 20 percent of your income, you are experiencing financial hardship. The cost of your mortgage or rent can determine whether you qualify for debt relief programs. Debt consolidation experts ask you to provide all financial statements to help them give advice.
Not All Debts Qualify
You may not be able to include all debt types in your debt consolidation in Victoria. Your debt consultant will inform you which debts you can include and which ones you will still need to pay in full. In most situations, most of your debt will qualify for the program to give you peace of mind.
Valuable Guidance
After determining whether you qualify for consolidation loans for bad credit or other debt consolidation options, 4 Pillars recommends working with a debt consolidation provider to actively work toward a debt-free lifestyle. They recognize no solution works well for everyone and aim to provide insight and answer questions to ensure you know your next steps. In some cases, when a debt consolidation loan is not the best option, they may recommend an LIT to continue the process if you choose to move forward with more aggressive debt relief.
