Debt repayment

When you are looking for help to manage your debt, it can be difficult to choose between all the debt management options. Some business models are licensed and regulated while others aren’t.

What is a debt repayment agent?

A debt repayment agent is a person who helps to make arrangements or negotiate with your creditors, (include receiving money from you to distribute to your creditor) for a fee.

Simply put, in BC, anyone who charges a fee to negotiate with a creditor on your behalf is required to be licensed with us and must follow certain rules.

Looking for information on the debt collection and debt repayment security claim form?

Check the licence of a debt repayment agency, or debt repayment agent.
Read the Business Practices and Consumer Protection Act.
Read the Debt Collection and Repayment Regulation.

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