4 Pillars, Winnipeg's Favourite Debt Relief & Credit Rebuilding Specialists
#204 2211 McPhillips Street R2V 3M5 Winnipeg, MB, Canada

"When my youngest sister was diagnosed with terminal cancer, it felt like the roof fell on me. I had to help financially, and in time, I racked up my debt so high that I can't even make the minimum payment. Things came to the worst when I lost my job in 2017. I decided to make a career change, and to make it possible, I borrowed money from the provincial and federal governments. My sister passed away in the middle of this, and I had to travel back to Jamaica to arrange her f...uneral. After my savings were depleted, I went through many days of hunger to keep up with my debt payments. Not only that, I am the main provider for my 87-year-old mother living with me. I have to ensure that she has food to eat, medications and a warm house to live in." - Pooja Before coming to 4 Pillars for consultation, Pooja was pushed to her limit. She never knew that there are options to consider. But now, after consulting with 4 Pillars, she is aware of all the other options available to her, including paying her debts in full, a consolidation loan from the bank, non-profit or private credit counselling, orderly payments on debt, a consumer proposal, an informal settlement and bankruptcy. Among all the options, she chose to file a consumer proposal knowing that it would help her get a fresh start towards a debt-free life sooner than any other means. Moreso, it has the lowest and most affordable repayment plan that would realistically allow her to become debt free. Pooja's proposal was accepted by her creditors and her total debt of $82,537 was reduced to $18,000. In the 7 months that followed, she has never been confident of paying her debt. Besides being able to afford her monthly payment from what used to be close to around $1,000, she now pays $300, which she committed to doing so for 60 straight months. Pooja cannot wait for the time to come for her to put in her last payment. In the meantime, she plans her finances with a budget in place and corrects her spending habit from what she was able to learn through our financial literacy program. We congratulate Pooja, as she has already embarked on her way to a fresh start. It has been a long and tedious journey from filing her application to the creditor's acceptance, but from here, it is going to be easier, and it's all going to be well worth it. #DebtFree #DebtForgiveness #FinancialFreedom

Thank you so much Ann for your trust with 4 Pillars and we are happy to hear your proposal has been approved from $155,000 down to just $42,300 with a monthly payment of $705 for 60 months! That's amazing, congratulations! We are equally grateful for having compassionate and dedicated advisors in our team like Janelle who works very hard in helping our clients attain the best and lowest repayment plans possible. #DebtFree #DebtForgiveness

Due to the COVID-19 pandemic, Roberto suffered a temporary lay off for four months. During that time, his household income became insufficient, supporting a family of 6 and because his wife is a full-time homemaker. Without any other source of income, Roberto began to fall behind his financial obligations. Although Roberto was reinstated at work after four months, the lean months ate up his savings, and he incurred a debt of $24,081. Roberto then finds himself struggling to r...epay his debt as it comes due. When he found 4 Pillars online, he didn't waste time making an appointment to avail of our free consultation. Our trained advisor, Ally, patiently helped Roberto understand that he has several debt repayment options. If he were to consider filing for bankruptcy, there would have been no recovery for the unsecured creditors since he has no surplus income nor seizable assets. Therefore, he resorted to filing for a consumer proposal to reduce his debt and afford the monthly payment without interest. Roberto used to struggle with insomnia due to thinking about how he can pay off his debt. In January 2021, his creditors accepted his consumer proposal, slashing down his debt from $24,081 to $6,600. Given the debt forgiveness, what used to be a $1,025 monthly payment has now become $110 payable in 60 monthly payments. Roberto has gotten over his insomnia because the possibility of paying off his debt is now a reality. We celebrate with Roberto because he is now released to have a new lease on life. He regains his confidence, and he can think positively, having a clearer mind to see life after debt. #DebtFree #DebtForgiveness #FinancialFreedom

#ThursdayThoughts

A huge tax bill could be on the way for people who received cash aid from the government during this pandemic. Possibly hundreds to thousands of dollars in tax owing. So it's best to prepare yourselves. https://globalnews.ca//covid-19-canada-tax-bill-cerb-assi/

Having a new baby in the family calls for a grand celebration, but the doctor brought difficult news that their baby boy has a medical condition with an unpredictable future. In the same week, Jessie was laid off from work, and in the next four months that followed, his family of 4 now depended on his wife’s small income from maternity leave, which was barely enough to help them get by with basic food necessities . Before long, Jessie resorted to maximizing his credit cards, ...as well as personal loans and paying high interests that brought him upwards to a debtload of $65,212. Not knowing what to do and with money running low, he came to our office and consulted with our kind and compassionate advisor Antoinette, who helped him consider different options and solutions to deal with his debts. He also found out the value of our role as his exclusive advocate looking after what is in his best interest. Fortunately, Jessie decided to file a proposal which was accepted by his creditors! His debt was reduced to $22,500. He now has cash flow and pays an affordable monthly payment of $375 for the next 60 months with no interest or penalties! Jessie has cash flow now and is reestablished with a new job at a place where he can take care of his wife and father his two children. Being in control of and taking charge of his debt, Jessie is on his way to financial recovery. freedom. Along the way, he continues his follow up meetings with 4 Pillars, where he keeps his accountability with his budget. He applies what he learned and is now mastering his skills on how to manage his life by being responsible with his financial obligation. #DebtFree #DebtForgiveness #FinancialFreedom

There are no insignificant choices. Every little thing we do now will always have an effect towards our future.

We're so sorry for your loss but thank you so much Miranda for taking the time to share your experience with us. But most of all, for giving us the opportunity to serve and help you find the best solution to getting out of debt. We wish you all the best and may you be an inspiration to many! #DebtFree

Don't let the challenges in life break you nor stop you! Happy Friday

Will we ever learn? Canadians are back to borrowing at pre-pandemic levels with the housing market and new auto loans lead the way in driving the total consumer debt up to $2 trillion. https://www.ctvnews.ca//pattie-lovett-reid-canadians-are-b

Thank you Edgardo! :) We are grateful for the opportunity to serve you, as well as for having wonderful and compassionate advisors who make every effort to ensure we provide the best care and help to people struggling with debt. #DebtFree

Stricken with Multiple sclerosis, Raffa was debilitated and was not able to find employment. Being separated and single, he was left with no alternative but to be dependent on his credit card for this daily survival while making ends meet with his welfare income. His condition caused him so many anxieties worrying about how he is going to live after becoming financially dependent and maxing out on his credit. His debt of $11,300 required him to pay a monthly payment of $330 t...o cover his principal plus interest. When Raffa came to seek counsel at 4 Pillars, he learned that he didn’t have to navigate the confusing world of insolvency alone and 4 Pillars was his exclusive advocate representing his best interest, supporting his right to be respected, educated on all his options and treated with dignity. He did not want to file for a bankruptcy so he chose to file a consumer proposal instead. Thankfully, his creditors accepted and reduced his debt obligation down to just $5,100! He now pays $85 and has up to 60 months to pay it in full with no interest or penalties. We congratulate you, Raffa! You persevered despite your difficulty and challenges! Thank you for allowing us to be your exclusive advocate representing what’s in your best interest. We wish you only the best moving forward! #DebtFree #DebtForgiveness #FinancialFreedom

When you get the right help that you need, it can make a difference between continuously drowning in debt or finally having an option to get out of it. Thank you Ssnarayan for your trust and we are glad to have been a part of your journey towards financial recovery! #DebtFree

Who do you prefer to see on our next $5 note? https://www.coinworld.com//canada-narrows-list-of-candidat

Consumer insolvency filings are expected to rise through the end of the year. https://www.bloombergquint.com//jump-in-insolvencies-heral

Happy Friday! #StayMotivated

Household savings in Canada skyrocket during pandemic https://nationalpost.com//household-savings-in-canada-skyr

#WednesdayWisdom

Happy Friday everyone!

Every day, having to think of how to come up with the money for debt payments bombards Zari's mind. Legal fees from divorce, medical expenses from car accidents and her ballooning credit card bills consume her to the max that she cannot function well. Having no spousal nor child support from her ex-husband, she resorted to the conventional way of paying off her debts. Eventually, she got caught up in that cycle of working and borrowing to pay. She never gets to manage her deb...ts due to her high monthly payments, and because she always had to borrow to pay, her debts keep on snowballing. One day, while browsing on Facebook, Zari came across an ad that caught her attention. "When I found out about 4 Pillars, I realized that it wasn't too late to learn about money management, so I called to avail of my free consultation. Right away, client advisor Kristen helped me see the possibility of living within a budget. She helped me create a basic budgeting sheet that locked in all my necessities, which immediately cut my unwise spending habit." Another helpful information Zari discovered was the different options available to deal with her debt payments. Rather than just struggling through paying her debt month by month, she found out that filing a consumer proposal would allow her to have a lower monthly payment that is realistic considering her income. Compared to the monthly $480 that she used to pay, a consumer proposal only requires a 60 equal monthly amount of $125. From $28,105, her debts were reduced down to just $7,500. Zari now starts a healthy habit of saving for the future, which she never had the opportunity to do so before. She is confident to know that she will have something to fall back on in case an emergency arises. Because her monthly payment is now affordable, borrowing money is a thing of the past. Zari is now able to put away a portion of her income towards her savings. It also allows her to even dream about investing in a house as a reality. As the saying goes, a little goes a long way. Considering, Zari just started her first payment in July 2020, and she will have five years to complete her commitment. Nevertheless, Zari's future is near and bright to plan and hope for because she is now in charge of her debts, whereas before, she was a slave to it. Congratulations Zari! Thank you for being part of our success story. #DebtFree #DebtForgiveness #FinancialFreedom

Too little, too late for some businesses awaiting promised pandemic relief https://www.cbc.ca//o/businesses-pandemic-relief-1.5786583

#TuesdayThoughts