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High cost credit products

Money on table representing payday loans and high-cost credit

Payday loan or a high-cost credit product? How to tell the difference

It’s important to make an informed decision when borrowing money. Let’s talk about two lending areas – payday loans and high-cost credit products, both regulated under BC’s consumer protection laws. 

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Posted on 2022-05-25 :: Add a new comment

6 things to know before signing a high-cost credit agreement

If you have decided that you want to access a high-cost credit product, there are a few things to know and look for before you sign a high-cost credit agreement.

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Posted on 2022-05-18 :: Add a new comment

What is a high-cost credit product?

Any business that offers, arranges, provides, or facilitates high-cost credit products for (or to) British Columbians must be licensed with us and follow certain laws. But what is a high-cost credit product?

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Posted on 2022-05-05 :: Add a new comment

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Our offices are located on the traditional lands of the W̱SÁNEĆ and Lək̓ʷəŋən (Lekwungen) Peoples, the hən̓q̓əmin̓əm̓ (Hun'qumyi'num), Sḵwx̱wú7mesh (Squamish) and Secwepemctsín (Shuswap)-speaking Peoples. Our work extends across the homelands of the Indigenous Peoples within what we now call British Columbia. We honour the many territorial keepers of the lands and waters where we work, both past and present. 

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