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Tips

Posted on:
13 July 2017

Have you ever been signed up for a credit card without fully realizing what was going on? It can happen. People can be lured with promises of reward points or free gifts, and then end up agreeing to sign up for a credit card without being fully aware of what they are signing. Here is some information from the Financial Consumer Agency of Canada (FCAC) about your rights and responsibilities regarding credit cards and consent.

Tips

Posted on:
16 February 2017

A survey of Canadians released by the Canadian Payroll Association in September 2016 revealed that 48% of Canadians said it would be hard to make ends meet if their pay cheque was delayed even just one week. 

Debt Collection & Repayment

Posted on:
07 November 2016

November is Financial Literacy Month, a national initiative spearheaded by the Financial Consumer Agency of Canada. To mark this event, we’re sharing some interesting money-related questions (and answers) as asked by you, our blog readers.

On April 1, 2016, changes to the Business Practices and Consumer Protection Act (BPCPA) and the Debt Collection and Repayment Regulation were made. While new rules and consumer tips about BC’s new debt collection laws can be found in this blog post, we would like to share further information regarding debt repayment agents in this post.

Debt Collection & Repayment

Posted on:
15 February 2016

Written by Consumer Protection BC’s enforcement department

Scenario:
Recently it’s been tough for you and your family. You had some major car and house repairs, and you owe money on all your credit cards. It’s been almost a year and the bills are adding up. You’ve tried to stay on top of the payments but the debt is piling up. Before long, a collection agency is calling you almost every day. The collector tells you that they are going to take legal action, and worse; they will garnish your wages! You really do want to pay your bills but you don’t have enough money. The calls are becoming very stressful.

What would you do?
(a) Never answer your phone again and hope they will give up calling.
(b) Tell the collector that you don’t want them to call you anymore, and give them notice that you wish for them to communicate with you in writing only.
(c) Find out your rights and responsibilities when it comes to debt collection in BC.

Tips

Posted on:
12 November 2014

While combing through your Facebook newsfeed, do you ever feel a twinge of financial stress in the pit of your stomach when you see your friends posting their new homes, exotic vacations or expensive electronics? If you answered yes, you’re not alone! 

Debt Collection & Repayment

Posted on:
03 November 2014

Did you know that November is Financial Literacy Month in Canada? All month long, organizations from across the country are coming together to shine a spotlight on the importance of financial literacy and share useful information, self-help tools and tips. 

Debt Collection & Repayment

Posted on:
10 December 2013

If you are one of our Facebook fans, you know that we’ve kicked off our annual Be Money Smart This Holiday Season campaign. From now until late December, we’re decking the halls by sharing great holiday savings tips (as submitted by consumers like you) and hosting a few money-smart themed contests and giveaways. 

Tips

Posted on:
03 December 2013

From movie tickets to free cash, have you ever been tempted to sign up for a credit card just for the rewards or benefits? I know I have. Check out this blog post for some tips on what you might want to consider before adding another credit card to your wallet.

Debt Collection & Repayment

Posted on:
13 November 2013

Did you know that it’s Credit Education Week? We’re doing our part to mark this national event by sharing some of our favourite holiday money-smart tips, as submitted by you.

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