When you’re struggling with debt, you may wonder if bankruptcy is your only option. The good news is that Canada provides other debt relief solutions that can help you pay off your debt more quickly without the hassle of filing for bankruptcy. When you meet with a 4 Pillars consultant, you will learn about Consumer Proposals and how they can help you overcome your debt with debt consolidation loans for bad credit in Victoria.
What Is a Consumer Proposal?
A Consumer Proposal is a program in place in Canada that offers debt consolidation in Victoria to give you the debt relief you need. When you utilize the program, you will consolidate your debt, often settling for a lower amount than what you owe, with a payment plan over five years. As long as you make the required payments, you can count on eliminating the debts included within that timeframe.
Consider Your Options
When your first meet with a 4 Pillars debt consultant, they will review the types and amounts of your debt to help you determine if you qualify for a Consumer Proposal. This program works well for paying off many types of debt, giving you confidence that you will achieve financial stability in a few years instead of struggling with your debt for an undetermined amount of time. A debt consultant can help you determine if consolidation loans for bad credit or another solution are better for your situation.
Connect with a Qualified LIT
Once you decide to pursue a Consumer Proposal for your debt relief in Victoria, it’s critical to connect with an experienced LIT to help you through the process. 4 Pillars can help you determine if it’s the right solution for you and recommend an LIT to help you complete the process.
