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Lender
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

4Pillars

Finanso.Multilogin™

About lender

4 Pillars is a financial Canadian-owned company. 4 Pillars was established in 2002 by 4 Pillars Consulting Group Inc. It provides consultation and assistance on financial issues in Canada. Since 2002, 4 Pillars has been advocating for those experiencing financial problems and debts to help them resolve financial crises and change their financial situation.

4 Pillars offers a wide range of services depending on the complexity of the financial situation of the debtor and his goals.

  • Debt restructuring

4 Pillars Consulting Group offers clients a wide range of financial advice depending on the current client's financial situation. The counselors will not only find a trustee but also help manage the whole process that comes after. 4 Pillars can help the client to relieve from almost any kind of debt: high-interest loans like payday loans, mortgage payments or credit card bills, and other credit products.

  • Corporate debt restructuring

Consulting Group offers debt restructuring for businesses struggling with debt and crisis financial situations. The Corporate Transition Group consultant brings advice and reconstruction of the corporate debt.

  • After Care-Credit Rebuilding Program

This consulting program aims to build the client’s credit score to at least 650 within 2 years. This program includes a debt restructuring program and costs $1,200 a year.

  • Consumer Proposals

This procedure allows a debtor to settle with creditors and create a new schedule of repaying. So, the client, due to this accommodation, will gradually repay the whole debt through a series of monthly payments with a maximum period in 5 years.

  • Bankruptcy

Declaration of bankruptcy - extreme case of insolvency. Like a consumer proposal, this decision will end any collection creditor’s penalties and eliminate unsecured debts.

Features

The name of the company - 4 Pillars - stands for financial awareness, financial literacy, financial behavior, and financial satisfaction.

On average, 4 Pillars has helped consumers to find an opportunity to eliminate 80 percent of their debt. More than 50,000 families across Canada successfully resolve unmanageable debts of over $300 million annually through 4 Pillars’ help. The company is serving customers in 51 offices across Canada.

Pros and cons

Before applying for the help of 4 Pillars, it’s worth considering the main advantages and disadvantages of the consulting process.

Pros

  • No upfront fees

  • 4 Pillars offers many different debt management options

  • The company provides an information session

  • 4 Pillars advocates for the debtor and not for the creditor

  • Client’s consultation from highly trained Financial Wellness and Literacy experts

Cons

  • Fees are dependent on the degree and amount of assistance provided

  • 4 Pillars does not operate in every territory or province

Loan Funding

The company specializes in providing consulting services but not loans. The counselors study each client's request and offer a unique solution, analyze and solve financial client’s problems, helping reorganize the entire business structure.

FAQ

What is 4 Pillars?

4 Pillars is a Canadian-owned company established in 2002 by 4 Pillars Consulting Group Inc. It provides consultation with Debt Consolidation Loan & Credit Card Debt in Canada. The company helps debtors to avoid bankruptcy and pay for the credits.

Is it a legitimate company?

4 Pillars is legitimate and works as a Canadian company in 8 provinces: Alberta, British Columbia, Manitoba, Newfoundland & Labrador, Nova Scotia, Ontario, Quebec, and Saskatchewan. The main office of 4 Pillars Consulting Group is based in Vancouver.

What clients does 4 Pillars work with?

4 Pillars works with both families and individuals of all types who:

  • wants to avoid bankruptcy;

  • can not meet their monthly minimum service payments of $10,000; 

  • has available cash flow for repayment schedule over a 36 to 48-month period.

What Will You Need to Become a 4 Pillars Client?

The client must be given access to certain information for the 4 Pillar’s consultants to assess the situation correctly:

  • full client's name 

  • address status

  • employment history

  • yearly/monthly income

  • debt sources & amounts

  • credit report & credit score

  • general expenses

More extensive treatments that 4 Pillars offers require more open information about a client's finances.  

What types of debt 4 Pillars can help with?

4 Pillars work with almost every kind of debt, including credit card debt, leases, bad loans, mortgages, etc.

Can the client still use credit while going through restructuring?

The restructuring allows for a financial plan to prepare for a financially stable future. So any financial transactions within 90 days of restructuring are considered reviewable.

Company documents

Privacy Policy

The debt industry is complex and designed to work in favour of banks, credit card companies, and creditors. We’re changing that.
At 4 Pillars, we use education and our extensive experience to show you the best path out of debt based on your unique financial situation.

© 4 Pillars

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What to pay attention to when applying for a loan from 4Pillars

  1. The company must have a license if it runs business in Alberta, British Columbia, Manitoba, Ontario and Quebec.
  2. You can check the availability of the relevant license (copy) at the branch of the lending company.
  3. Membership in a self-regulatory organization (SRO) is an additional guarantee of the reliability of the lending company. This information can also be checked at the company's branch or on its official website.
  4. Availability of lending policies.
  5. The procedure for applying for a loan.
  6. The procedure for concluding the loan agreement and receiving the payment schedule.
  7. Other conditions for granting loans.

We recommend

  1. To check out the interest rates and frequency. 
  2. Check the availability of individual terms in the loan agreement (principal amount, term, date of advance, etc.).
  3. Check whether the loan agreement contains information about the total cost of borrowing.
  4. Take time to think – you can change your mind before agreeing or signing a loan agreement.
  5. Speed of loan processing.
  6. Accessibility – alternative lenders often operate where there are no bank branches.
  7. For the borrower - high interest on the loan.
  8. For an investor, the safety of funds is not guaranteed by the state.

What distinguishes 4Pillars from banks:

  1. Simplicity - loan processing is less formalized than in a bank.
  2. Fast loan processing.
  3. Accessibility.
  4. For the borrower - high interest on the loan.
  5. For an investor, the safety of funds is not guaranteed by the state.
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