It is very rare for people in the Victoria area to have absolutely no debt. Most individuals, couples, and families have a level of debt that is manageable, at least until something unexpected happens.
The most common types of debt seen by the debt consultants at 4 Pillars include mortgages, student loans, car loans, and credit card debt. Often these were manageable debts until there was a health crisis, the loss of a job, a divorce, or another type of life-changing event. Then, what was a manageable monthly set of payments suddenly became unmanageable, leading to a debt problem.
Early Help and Education
As with most types of problems and situations, early recognition provides the 4 Pillars debt consultant in Victoria with the greatest flexibility in helping you to find a solution to the problem.
Seeing a professional at 4 Pillars before multiple missed mortgage payments or default on a car loan means that foreclosure or repossession is not already in progress or being considered by the lender. Even issues with missed or partial credit card payments can become problematic as they damage your credit score, making it more difficult to consider a consolidation loan through a bank or financial institute.
One of the services offered by 4 Pillars is education around debt management and living a debt-free life. This education is customized to your needs, helping you to identify healthy, positive ways to manage credit and to avoid the common mistakes people make that create a greater risk for debt problems.