At 4Pillars Victoria the debt relief process is simple. Here’s how it works:
We have a free, no-obligation face-to-face meeting with you
During this one hour session we get to know your situation, and layout all the options that you have to eliminate your debt. Once you are armed with this knowledge you can then make an informed decision on the best way to move forward. This meeting is not about giving you a sales pitch – there is zero pressure to make any decisions at the meeting – it is about getting to know your situation and chatting about your options. Even if you decide to not use our services, at least you know all your options.
We outline a customized plan for you
The goal is to get you out of debt as soon as possible, get you into a payment plan you can easily afford in order to remove the stress, and to protect your assets where applicable. After reviewing your current financial situation, we outline a personalized debt repayment plan to meet the immediate short-term needs of dealing with your debt that fits your long-term financial goals. Our fees are affordable and worked into a monthly plan that deals with your debts and lowers your overall payments; people find that our consolidation program is more affordable than most. Our program covers solving your current financial challenges, helping you budget for financial success, and long term financial strategies like how to better manage money and build a stronger credit rating.
We act on your behalf to consolidate your debt
Our role is to represent YOU (not your creditors) – to help reduce your debts and find a plan to provide you a new payment plan that is usually significantly less per month than your current payments are. There are two parties involved; we work for you and there is also a trustee who administers the proposal for the creditors. The trustee is an officer of the court who acts on behalf of the creditors in a fiduciary capacity, we ensure your interests are represented during what can be one of the most significant financial decisions you will ever make. The proposal will usually reduce the debt owed and you will only repay a portion of what you owe; 20 – 25% is a common settlement. Creditors generally prefer this than you going bankrupt, where they may get nothing.
Your credit rating is rebuilt
Budgeting and credit rebuilding are the foundation of a successful plan to deal with debt and once you have a firm proposal agreed with your creditors, those will be the next things we work on with you. We have some of the most sophisticated programs in the marketplace to help you get your credit score back up as quickly as possible, so you can move onto greater things in your life. We also work with you to ensure that you have a good plan for mortgage renewal, home ownership, and future financial stability by following a solid money management plan.