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Debt Consultants in Victoria Can Help You Get out of Debt

Debt Consultants in Victoria Can Help You Get out of Debt
Anyone who is in debt likely wishes that were not the case. However, finding a solution for that problem can be challenging. Even the best services and products aren’t going to be perfect for each person and their specific situation. With that in mind, we’re going to share a few options for getting out of debt. Some are totally doable on your own while others may require the assistance of a professional, like debt consultants in Victoria. Pay Higher Payments It’s always a good idea to pay more than the minimum payment on your debts. When you make only the minimum payment, it can take years upon years to pay everything off. If you want the balance to drop more quickly, pay extra on your payments. You can pay a little or a lot more depending on how much extra cash you have lying around. It will make a difference over time. More Expensive Debts Should be Paid First Another strategy for dropping your level of debt is to pay the extra money on your most expensive debt first. Pick the one that you are paying the most interest to and work to pay it off quickly. After this debt is paid off, the extra money from not having to pay it can be spent on the next most expensive debt. This is called the snowball method and it really works. Speak with a Debt Consultant If you’re considering bankruptcy or none of the above are working, it’s always intelligent to speak with a debt consultant first. This person can help you determine what all your options are and which will fit your needs. There are many Canadians who aren’t aware of certain programs and options, which are often a better choice than going through with bankruptcy. Even if you end up going with bankruptcy, you can do so knowing it was the right choice for your situation. Create a Spending Plan Having a budget and sticking to it can go a long way toward understanding where you stand financially. It can help you ensure you keep up on your debt payments and get out of the rough spot you’re in more quickly. While creating a budget may not be your idea of fun, it can really offer help when you need it most. Ready to speak to debt consultants in Victoria? You can learn more about 4 Pillars and our services by visiting www.4PillarsDebtConsultants.ca. Be the first to...
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A Solution to Crushing Financial Troubles with Debt Consultants in Victoria

A Solution to Crushing Financial Troubles with Debt Consultants in Victoria
A recent story reported by The Globe and Mail reports that an “international financial group” is sounding an early warning in response to the nearly $2 trillion in consumer debt that Canadians have racked up. This group is comprised of international central banks, and the fear is that Canada is already experiencing early warning signs of potential risk to the banking system. In fact, 37 percent of Canadians has added large amounts of debt to their lives. This is a dire situation and one that is crushing the financial life from too many British Columbia residents. Help is available by working with debt consultants in Victoria, though. How Can Debt Consultants in Victoria Help Me? If you’re struggling to make ends meet and being hounded by creditors demanding their pound of flesh, it can be difficult to see the light at the end of the tunnel, but it is there. By working with expert debt consultants, Victoria residents can achieve more than just a temporary stay. In fact, at 4 Pillars, we can offer permanent relief. How does it all work? It’s very simple. We listen to you: First, we actively listen to you – we want to understand your situation, your needs, your goals and your challenges. We create a detailed plan based on your situation and needs: Next, we create a detailed plan to attain debt relief based on the information you provided us to help you reach a state of financial stability and gain peace of mind. We go to work on your behalf: Once we have a plan in place, we begin the process of implementing your chosen solution. We’ve been able to create strategies to help our clients reduce their debt burdens by significant amounts. Some recent examples of the results our clients achieved, include the following: $14,325 in debt reduced to $4,500 $12,308 in debt reduced to $4,500 $56,530 in debt reduced to $12,920 $30,600 in debt reduced to $7,200 $87,400 in debt reduced to $12,000 $46,100 in debt reduced to $13,800 We can do the same for your situation. There is no need to struggle with mounting debts. We invite you to get in touch with our debt consultants in Victoria – 4 Pillars can help you find the financial stability you need, and the peace of mind you deserve. Source: https://www.theglobeandmail.com/report-on-business/economy/canadian-household-debt-hits-18-trillion-as-report-warns-of-domestic-risk/article38275250/ Be the first to like. Like...
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3 Factors to Consider If Loan Consolidation is Right for You

Debt can stop you from living your life to the fullest. If you don’t want to spend the next few years in a financial rut, with no strategy or idea how to manage your debt, it might be time to consider how a student loan income based repayment plan can turn your life around. Here are a few factors to help you figure out if it’s the right move for you: Repayment benefits One of the reasons people go for these plans is that it provides them with easy access to forgiveness or repayment benefits. Some loans are complex and could easily discourage borrowers taking full advantage of any of the perks or benefits. Consolidating these loans could make them more manageable and easier to handle, especially with new terms and conditions. Lower monthly payments Have a hard time coming up with the monthly payments? A student loan income based repayment plan can help by changing the amount of money you need to shell out for your monthly payment. This can give you more wiggle room in your finances – allowing you to improve your quality of life. Longer payments Some of the repayment plans also entail longer payment periods. That could make all the difference in the world, allowing you more breathing room to gather your resources and pay off your debt, says U.S. News. Finding help Getting the repayment loan plan approved, though, is another matter. Chances are, you already have a full-time job. That, on top of putting together the documents for the application, can prove too much for you. Hire documentation preparation assistance instead. This way, someone will help you prepare those documents, fill up forms correctly and review your submissions to make sure they’re complete. Improve your chances of loan approval by getting the help you need. Be the first to like. Like...
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Nurse Loan Repayment: Options to Consider

The U.S. has 3 million nurses at the time of this writing and they account for the largest section of healthcare workers in the country. Despite that, demand is fast outpacing the country’s supply, and a national nursing shortage is still imminent, says The Atlantic. The Bureau of Labor Statistics says there’s bound to be about 1.2 million vacancies from 2014 to 2022. As baby boomers age, the implications of this shortage becomes even more alarming. Nurse loan repayment programs are just one of the many ways the government is trying to encourage more healthcare workers to join the field. The nurse loan repayment program If you are a full-time employee at a facility where there’s a shortage of nursing staff, you might qualify for loan forgiveness that could amount to about 60 to 80 percent. Full time employees work about 32 hours or more every week. However, you must render that service for two years in a non-profit facility where there’s a clear shortage of nurses. If you choose to serve for a third year, that would give you another 25 percent off on your student loans, providing you with a total of 85 percent off on your student loan debt in just the span of 3 years. National Health Service Corps program The National Health Service Corps also offers nurses, along with other healthcare professionals, a way to eliminate their student loan debts if they work with the National Health Service Corps. However, you must be willing and able to render your assistance to an under served community for two years. Assistance and support However, qualifying for the nurse loan repayment program isn’t going to be easy. To improve your chances of getting into the program, you can consider the merits of organizations that can help you process your application as well as help you choose the right program for you. Be the first to like. Like...
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