The terms being used for debt-related services and the options available to consumers today can be confusing.  Whether it’s called debt counselling, debt management, debt pooling or debt settlement, it is important for consumers to understand the difference in the services being provided.  This page has some information and resources for you.

Debt Pooling

• You can find out more about debt pooling and why debt poolers in BC are required to be licensed with Consumer Protection BC by reading our tip sheet on this debt solution option.

Credit Counselling

A debt management program involves a written agreement between you and the lender, with the help of an agency such as a credit counsellor. To find a credit counsellor, look in the Yellow Pages of your phone book under “credit and debt counselling".

Bankruptcy

• Alternatives to bankruptcy
• Basic information about bankruptcy
• Steps for declaring bankruptcy
• Find a bankruptcy trustee in your area
• Bankruptcy mediation

Provincial Student Loan Information

• General information -declaring bankruptcy on your BC student loan
• Loan reinstatement after declaring bankruptcy
• Student Aid BC loan repayment information

Federal Student Loan Information

• Repayment assistance
• Student loans and bankruptcy

Disputing Debts

• General information regarding court services – Ministry of the Attorney General
• British Columbia courthouse locations
• Law Society of BC
• The Canadian Bar Association – Lawyer Referral Service

Credit Reporting

• General information about credit reporting

General Tips

• Money management tips for college students
• Information for parents of college bound students
• Personal Finance Tips