Debt pooling is often used as an aid to assist someone in financial difficulty. Often credit counseling of the debtor and negotiation with creditors is also included as part of a debt poolers service.

In order to be a debt pooler, the person must be taking possession of a debtor’s money for redistribution to three or more of the debtor’s creditors. Under the legislation a debt pooler must not act for the creditor and a contract between a debt pooler and debtor must be in writing. For more information on debt pooling visit our legislation here.  To find out if a business is licensed as a debt pooler in British Columbia click here. 

If you have made an arrangement with a debt pooler and the debt pooler has failed to remit the funds collected from you to the creditors, you can complete the debt pooler claim form.

Please submit you completed claim form to our licensing department.