Canada is well-known for its tasty maple syrup, welcoming atmosphere, and chilly winters. But more recently, Canada has become known for its skyrocketing household debt. With $4.4 trillion in household and corporate debt, more Canadians than ever are succumbing to mounting debts. And the debt resolution process is anything but easy.
How to navigate the shark-infested waters of Canada’s debt management industry
If you are like many Canadians struggling with debt, you’d like to find a trusted company to help you with it. But the prospect of navigating the shark-infested waters of the debt management industry can be intimidating. Fortunately, there are some simple steps you can take to ensure that you select a company with a proven track record of success in debt resolution. Below are seven hallmarks of a company that will fight for your rights and successfully guide you toward debt resolution.
1) A proven track record of success with clients
There is no substitute for experience in the debt management arena. Ontario’s top debt counselors have over 15 years of experience. They are able to help over 95% of their clients achieve freedom from their debts. Additionally, they have helped thousands of people experience the freedom that comes along with debt resolution. As you compare prospective companies, be sure to inquire about their industry experience before committing to work with them.
2) A reputation for providing clear, concise guidance to clients
No one plans to accumulate a mountain of debt. But if you suddenly find yourself in the unpleasant position of owing thousands of dollars to creditors, you may not know where to turn for help. In this case, it is important to choose a company that will guide you through the debt restructuring process. Ideally, they will use clear terms that you can understand. Here is an example of a customer review on TrustPilot that illustrates this concept:
“This was a very STRESS Free experience when dealing with the people from 4 Pillars. Zach walked me through all of the details, and the way he explained the process was easy to understand and to follow. All in all, everyone involved with this offer was wonderfull and helped me to get back on track… Thank you so Much.Dennis Watson, 4 Pillars Client
3) A talented team that delivers personalized service
Facing mounting debts and calls from bill collectors can be embarrassing and depressing. The last thing you need is a debt adviser who is negative and critical of you. Especially if you find yourself experiencing these feelings. Unfortunately, some companies use a combination of criticism and pressure in an effort to coax people to use their services.
Fortunately, Ontario is home to some of the most professional debt resolution experts in the industry. We are highly skilled and experienced in the field of debt management. Their outstanding specialists are committed to helping you leave behind potential embarrassment and despair. Their goal is to help put you on the path to financial health. Most importantly, their aim is to serve as your dedicated representative and advocate. This is an invaluable resource as you progress through the debt restructuring process.
4) Membership in the Canadian Debtors Association (CDA)
As with the case of every other industry, memberships in professional societies typically illustrate a company’s commitment to industry excellence. Choosing a debt restructuring company that is a member of the Canadian Debtors Association (CDA) is a helpful way to separate the best companies from those who may not have your best interests in mind. CDA members are known for possessing the following qualities:
- A desire to serve as an advocate for the rights of debtors
- Operate according to CDA’s Code of Ethics and Professional Standards
- A commitment to helping Canadians enjoy a higher quality of life
- Dedication to being a socially responsible organization
In addition to membership in the CDA, employees of top debt restructuring companies frequently participate in continuing education seminars and industry meetings so that they can remain on the cutting edge of the debt management industry.
5) Expertise outlining debt relief solutions that do not involve bankruptcy
And if you are being bombarded with collection calls and are struggling to make minimum payments to your creditors, you may be tempted to take the advice of a bankruptcy service provider who is trying to coax you to use their services. Rather than simply pushing you to declare bankruptcy, a debt restructuring expert will sit down with you and review your individual finances to determine the available options that you can feasibly explore.
Once you are aware of your available option, an industry expert will carefully review the advantages and disadvantages of each option. They will help you determine whether debt consolidation might be the best path or whether bankruptcy is a better choice. Some top experts will even suggest a customized consumer proposal process, which is frequently the most cost-effective means of resolving your debt. Regardless of the path you end up taking, they will make sure that you are aware that bankruptcy is often not the only option for people.
North Ontario’s most trusted debt relief specialists
Financial success is best achieved when debts are resolved and you can focus on your financial future. As North Ontario’s most trusted debt restructuring company, 4 Pillars will work with you to develop a customized plan to become debt-free. We are a CDA member, who will fight for your rights and educate you about the debt resolution process so that you have the opportunity to actually be successful with your plan to get out of debt and enjoy a higher quality of life. As with all of our valued clients, we will help guide you through the complexities of the debt restructuring process.
We invite you to contact us at 4 Pillars Central Ontario to schedule a complimentary consultation with one of our debt relief specialists. When you speak with one of our experts, you will discover why thousands of residents and business owners across Canada have turned to us to resolve their debts. We are proud of our 97% client success rate and look forward to the opportunity to help you embark upon the path to freedom from your debts!