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.consumer tips on debt repayment.