There are times in anyone’s life where debts may be a concern. For some people in the Victoria area, this is a brief period of time that may occur due to an emergency type of situation, or a short term issue that is resolved before the debt becomes a significant concern.
For many other individuals, what may start out as an anticipated short-term debt problem escalates into a more long-term issue. This can occur with loss of employment, medical issues that prevent returning to work or seeking a new job, or even issues with downturns in the economy. Student loan debt and credit card debt, as well as mortgage and car loans, can all add to the mounting debt in a very short period of time.
Help is available in Victoria to anyone facing short or long-term debt concerns. Contacting a 4 Pillars debt consultant at any point in time is an ideal way to discuss your concerns and to create a customized, individual plan to reduce your debt in the most effective way.
Early Recognition of the Problem
It is never too early to contact 4 Pillars. Often individuals and couples wait for months to try to work out a solution on their own, and this can have negative impacts on both credit scores as well as the options in addressing the debt.
Early support through a debt consultant also provides time for the individual or couple to consider their options. There may be opportunities to avoid bankruptcy or other types of formal debt management solutions, and budgeting and effective financial planning may address the issue while the debt is still relatively small and manageable.
It is essential to note that debt consultants at 4 Pillars work for the clients and provide private, confidential consultations. All are experienced in providing information and education around debt and financial management.
At 4 Pillars Debt Consultants in Victoria, our team of experienced debt consultants is here to work with individuals and couples. To find out more, see us online at 4pillarsdebtconsultants.ca.
