What Is Debt Settlement?

Debt settlement, also known as debt arbitration, debt negotiation or debt restructuring is a debt relief program where your creditors agree to substantially reduce your unsecured debt (such as credit card debt), allowing you to avoid bankruptcy and the adverse effects it can bring to your credit rating. Debt settlement can often reduce your debt balances by up to 75%, while lowering your monthly payments during the process.

Is Debt Settlement Right For You?

Debt settlement is suitable for people who have unsecured debts, such as credit cards bills since if you have secured your debts against some form of collateral, your creditors will be able to get their money back from the sale of your assets. Debt settlement is right for individuals or families who: 1) Cannot meet their monthly minimum service payments of $10,000 or more in unsecured debt. 2) Prefer to avoid bankruptcy and the stigma that comes with it. 3) Have available cash flow to warrant a repayment schedule (at 0% interest) over a 12 to 48 month period. 4) Would like to relieve stress, reduce debt and take control of their finances.

Why Use 4 Pillars For Debt Settlement?

We act as a mediator between you and your creditors, negotiating a new repayment schedule on your behalf and saving you thousands in the process. Since 1998, 4 Pillars has helped well over 10,000 Canadians become debt free with settlements averaging 25% of original debts owed. We negotiate the lowest possible settlements for debtors, preventing claims of bankruptcy. To date we have assisted our clients in settling almost $1 Billion in consumer debt. For a free, confidential debt assessment call 1-866-690-DEBT or fill out the form above.