Author Archives: 4 Pillars Halifax

Case Study – Recently Separated Divorce is horrendous, there’s no doubt about it. Add in debt, and a bad situation gets even worse. Relationship breakdown is one of the common reasons people file a consumer proposal or bankruptcy. Not only do the assets get divided up, so do the liabilities. This brings many challenges asContinue reading “Case Study – Recently Separated”

Case Study – Professionals with Kids No one in the world is born with an innate sense of how to manage their money – this is a learned skill. It doesn’t matter what your income looks like if you don’t think about how you spend it you can quickly see your expenses eating up aContinue reading “Case Study – Professionals with Kids”

Case Study – Business Failure Debt troubles even those you’d least expect. This case study reviews the events of a family who seemed to have it all – two incomes, two cars, the house, the kids. One partner had even started their own business. Nevertheless, under the surface, debt threatened to ruin everything they hadContinue reading “Case Study – Business Failure”

Case Study – Illness in the Family One of the most common events that spurs a financial crisis is a sudden illness that prevents one from working. It can strike at any time and few of us are prepared for a long-term absence from the workforce. This problem was compounded for the family in thisContinue reading “Case Study – Illness In The Family”

Case Study #3: Single Parent Families Being a single parent is one of the hardest jobs in the world. Balancing a budget is daunting enough, never mind when you have little ones to worry about. It’s not surprising that lone parent families are more than twice as likely to use payday loans than couples withContinue reading “Case Study – Single Parent Family”

Our friends over at Easelly were kind enough to design and create the infographic below! Enjoy! The post How Much Is Too Much Debt Infographic? appeared first on 4 Pillars Halifax. source https://www.halifaxdebtfreedom.ca/debt-infographic/

Case Study –  Heading into Retirement with Debt on Fixed Income Intro Regardless of what age you’re hoping to retire, many Canadians are entering their golden years with higher levels of debt. The percentage of senior families still carrying debt jumped from 27% in 1999 to 42% in 2016. As you move to a fixedContinue reading “Retirement / Fixed Income – Case Study”

Case Study – Student Loans The average Canadian graduate’s post-secondary school with $25,000-$30,000 in student debt. That’s already a significant debt load to start your adult life with. This level of debt is above the average Canadian debt load. More and more we are seeing clients still struggling to tackle this debt later into life.Continue reading “Student Loans – 4 Pillars Case Study”

Will debt consolidation affect my security clearance? This question is asked by our clients that mainly work for the government. While we cannot answer this question with 100% certainty, we can answer it based upon having assisted several government employees consolidate their debts. Based on our client’s experience the answer is no. Debt consolidation willContinue reading “Will debt consolidation affect my security clearance”

4 Pillars – Why we should ALWAYS be your first debt relief choice With the marketplace being full of debt professionals and debt relief options it is very difficult to know what option to choose when dealing with debt. How do you know who to trust? Who works for who? What companies are legitimate? IsContinue reading “4 Pillars – Why we should ALWAYS be your first choice”