Debt and borrowing in BC
As a not-for-profit regulator, we enforce certain laws in BC about debt and borrowing. Our goal is to provide you with good information so you can make informed choices.
Explore our tools and resources below and let us know how we did by filling out the survey at the bottom of the page.
Why do our images look like this?
We used AI to generate most of the images on this page using prompts about debt and borrowing. While we think AI is pretty neat (it might be listening), most of the images were weird and confusing — just like some debt and borrowing advice. See what we did there?
In some situations, the path forward involves following a strict budget and making changes to spending. In others, it’s best to ask for help from a professional.
- How to make a plan to manage your debt
- How debt impacts your credit score
- Comparing different debt relief options
- How to improve your credit score
- Building healthy financial habits
In BC, you have rights when it comes to debt collection. The law says when a collector can contact you and how they can communicate with you.
- The rules collectors must follow in BC
- How to dispute a debt
- How to get the calls to stop
- What to do if it’s not your debt
Responsible borrowing can be a good thing, but sometimes loans can get you in trouble. Before you take out a loan, there are several things to consider.
- Things to think about before taking out a loan
- Understanding the true cost of your loan
- The rules for payday lenders in BC
- The risks of borrowing money from unlicensed payday lenders
- Buy now, pay later plans: what you need to know
Tell us what you think for a chance to win!
We want your input! Fill out our survey for a chance to win one of two $300 prizes! Your feedback will help us improve our resources and work towards a more informed consumer marketplace in BC.
Take the survey by visiting this page or by clicking on the image below.
