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Credit and Debt

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Related Guides

A look at information on credit cards, credit ratings, credit scores, and credit reports. If you need to improve your credit, these sources can get you started.

Credit Counselling Services

A non-profit organization that provides free, confidential service to review your monthly budget and help you solve debt problems, manage money, and use credit responsibly. This page contains a list of offices in BC.

National non-profit credit counselling organization that educates consumers about personal finance.

Credit Ratings

From Financial Consumer Agency of Canada, learn the differences between credit reports, scores and ratings.

In Canada, Equifax is one of the two agencies that monitor personal credit reports and credit scores.

In Canada, TransUnion Canada is one of two agencies that monitor personal credit reports and credit scores.

The federal government's guide to improving your credit score.

Useful Websites

Step-by-step plain-language guide to declaring personal bankruptcy. Available In 11 languages.

The debt collection and repayment industry is regulated by Consumer Protection BC to protect consumer rights. This webpage offers information on your rights and obligations around debt collection practices. Includes links on how to dispute a debt, request communication in writing only, or notify a collection agency you are not the debtor.

Information and advice on a wide range of credit and debt related issues.

The federal government's resources for paying down debt, what to do if a collection agency contacts you, getting help with debt, and more.

A short guide to understanding how credit card transactions are processed and how to use credit wisely.

Provides information on how to manage debt and your credit card(s).

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Recommended Titles

Cover Image for Crushing Debt: Why Canadians Should Drop Everything and Pay Off Debt
David Trahair
Call Number
332.024 T765c
Publication Year
2012
It is estimated the average Canadian owes $25,000 in consumer debt, which negatively affects all aspects of the financial system in Canada. This book gives a big picture look at how to deal with personal consumer debt with a step-by-step guide.

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