Likely all of us have heard that Canadians are saddled with historically high levels of personal debt. If there is one thing most people can agree on, it is that getting in debt is much easier than getting out of it. It can seem to happen in the blink of an eye. In fact, businesses seem to encourage the accumulation of debt. Many offer financing options or a percentage off of your purchase if you open a credit card with them or some other type of gimmick. At first, it appears that you will save money upfront, but it will end up costing you more money in the long-run. For others, it may be the accumulation of student loans in the pursuit of education, loss of a job, or unforeseen medical expenses. This is where a debt relief professional comes in.
Debt can happen to the best of us and is nothing to be ashamed of. However, it can be tricky to know where to turn in a world that seems to favor the creditors. How do you know you are working with a debt relief specialist who is working in your best interest? This is your guide to choosing a debt relief professional who will help get you on the road to recovery and into freedom.
Choose a Debt Relief Professional That Works for You
In order to receive the greatest amount of help, you need to choose debt relief specialists that are working solely for you and not on behalf of the creditors. This will ensure that you receive an option that helps you climb out of debt more effectively and at a lower cost. It is important to keep in mind that many debt relief companies who seem to work for debtors actually work on behalf of, or to the general benefit of the creditors. The larger the debt settlement the larger the cut that debt relief companies get. This means you could actually end up paying more, which of course is not attractive when you are trying to resolve debt.
Look for a Company Who Offers a Variety of Options
When it comes to debt relief, there is not a one-size-fits-all solution. Each debtor’s situation is different and requires a one-on-one personal approach. Choose a professional who has extensive knowledge of a variety of solutions and is willing to sit down with you, discuss your situation and explain each of your options. The right debt relief professional will be able to tell you the pros and cons of each and recommend one or two that best fits your circumstances.
Many companies will push for one option or another as a blanket option without taking the time to determine what is best for your future. For instance, many seem to push for bankruptcy because it seems like the easiest option. However, most of the time, bankruptcy is not the best option and should only be used as a last resort. Quite often, bankruptcy can be very expensive. It can be much harder to recover from, and can negatively impact your financial future.
A Debt Relief Plan You Can Actually Achieve
There is absolutely no point in committing to a debt relief plan that you cannot achieve. More than likely you will end up in a worse position than you were when you started. This only adds stress to your plate at a time when you are trying to relieve the stress. Many times, the reason people fail at a debt relief plan is that the plan was not achievable in the first place. You did not get into debt in a day and you will not get out of debt in a day either. Choose a debt relief specialist who can help you set a realistic plan that you can achieve.
Companies who offer instant gratification debt relief plans or options that seem too good to be true probably are. Recovery from debt takes time and the right debt relief professional will understand this. After all, the end goal is to climb out of debt, not sink further in.
Look for a Company Who is a Member of the Canadian Debtors Association
Look for debt relief professionals who are members of the Canadian Debtors Association. Members of this association are dedicated to advocating for debtors’ rights. They are committed to improving the quality of life for Canadians by helping them to achieve debt relief. This means you can rest assured that they are only concerned about your well-being and not looking to put money in your creditors’ pockets.
Do Your Research
A little research will go a long way in choosing the right debt relief company. Look for online reviews that tell you whether or not clients have had success. If they haven’t, oftentimes they will tell you why in the review. Be careful to discern between a failure of the client to actually commit to the debt relief plan or poor customer service on the company’s part.
Research prospective companies’ websites. Look for statistics of client success rates as well as customer testimonials and success stories. In most cases, you can find the company’s vision, mission statement, and approach to debt relief.
The Premiere Debt Relief Specialists in Canada
Whether you are saddled with personal debt or business debt, 4Pillars checks all of the boxes when searching for the best debt solutions experts. They are members of the Canadian Debtors Association, which means they work on your behalf and not the creditors. Our debt relief professionals are dedicated to understanding your particular financial situation in order to find a debt relief plan that not only works for you but is achievable both short-term and long-term. In fact, 97% of our clients achieve their debt relief plans! When you look at client reviews of 4Pillars, you will find thousands of 5-star reviews from customers who achieved debt relief and with it found a higher-quality of life. Contact us today to schedule a complimentary, no-obligation consultation and let us help you get on the road to recovery from debt.