Debt Relief British Columbia

Explore the debt relief alternatives that can put you on the fast-track towards a debt-free life.
Amazing! So grateful! Thank you for helping me and cutting my debit in half as well as stopping interest and assisting me in affordable payments towards a clean bill of credit!

What is your current debt level?

$30,000+
$5,000 - $10,000
$10,000 - $30,000
$3,000 - $5,000
$0 - $3,000

Letting us know how much debt you current owe helps give us a picture of your current financial situation.

Freeze all interest and charges

One affordable low monthly repayment

Safe, secure & confidential

Debt relief programs available in British Columbia

Find the right debt management program for you

Struggling with unaffordable debts can make your life extremely difficult. Thankfully, there are debt relief programs in British Columbia that can offer the help you need to regain control of your financial situation. 

These programs are specifically designed to aid individuals and families facing overwhelming debt, by presenting viable solutions to reduce or eliminate their debt and begin rebuilding their finances.

Finding the most suitable debt solution is a process. Each person’s financial situation is unique, which is why we are committed to offering personalized assistance to help you find the ideal debt relief program for your specific needs.

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Credit Counselling

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Debt Consolidation

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Bankruptcy

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Consumer Proposal

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How we can deal with your debt in BC

You’ve taken the first step towards debt relief. This is what happens next.

Fill out the form and provide some details to give us an understanding of your current situation.

One of our advisors will reach out to offer guidance on the available solutions tailored to you.

We'll set you up with a debt relief program that relieves your stress and helps you get back on track.

Debt Solution Finder

Your total debt:

£10,000
“A. Fisher and Associates treated me well at all times, and their advisers were really friendly and professional throughout the process. It confirmed to me that I was in the right hands, and now I’m in the right arrangement for my circumstances.”

Alan Simonsen

Debt experts in British Columbia

With so many choices out there, let the experts match you with the right solution.
Get the advice and put yourself back in control

Even if you know you’re ready to get help with your finances, seeking debt relief can burn you out, especially when there are so many options out there. How do you know which is the right one for you?

We’re here to help. At A. Fisher and Associates, we don’t expect you to be a debt expert – that’s what we’re here for. With over 70 years of combined experience in debt management, we specialize in debt solutions that empower people like you to move forward with confidence.

Whether you’re struggling with credit card debt, or your payday loans are getting out of hand, our team has a solution for you. As Licensed Insolvency Trustees, we have the expertise to help you improve your finances and say goodbye to mounting debt.

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Frequently Asked Questions

Debt relief refers to various strategies and programs designed to assist individuals and families dealing with overwhelming debt. These solutions aim to reduce the burden of debt, negotiate with creditors, and provide a path towards financial stability.

Debt relief options in British Columbia include debt consolidation, working with a credit counsellor, consumer proposals, and bankruptcy.

A Consumer proposal constitutes a formal debt settlement arrangement overseen by the federal government. It allows you to make one manageable monthly payment to your creditors based on your income and assets, and will freeze interest payments and charges on your debts.

If you possess a stable income and wish to steer clear of bankruptcy, a Consumer proposal might be a viable choice. To determine its suitability for your situation, it is advisable to consult with a Licensed Insolvency Trustee who can assess your circumstances and offer personalized advice.

No, setting up a Consumer Proposal requires the expertise of a Licensed Insolvency Trustee (LIT). LITs are licensed professionals authorized by the government to administer debt relief programs and guide individuals through the process.

Their in-depth knowledge and legal authority enable them to negotiate with your creditors and devise a suitable debt management plan tailored to your financial situation.

Yes, Canada does offer government debt relief programs, but they are infrequent and usually limited to specific circumstances, such as severe financial hardship or specific types of loans like student loans.

While government debt relief grants or programs are generally not widely available in Canada, it is possible to reduce a portion of your total debt using a Consumer Proposal. For personalized advice on the best option for you, consulting a Licensed Insolvency Trustee is recommended.

Utilizing debt relief services can have an effect on your credit score. Debt consolidation options like Consumer proposals will be recorded on your credit report for a certain period, typically three years after the date marked ‘satisfied’ in the case of a consumer proposal.

However, it’s important to remember that if you’re already struggling with overwhelming debt and missed payments, your credit rating may already be affected. Working with a reputable debt relief company can help you rebuild your credit over time once you regain financial stability.

A Licensed Insolvency Trustee (LIT) is a licensed professional authorized by the government to administer debt relief programs, including Consumer proposals and bankruptcy. LITs are highly regulated and have extensive knowledge of insolvency laws and procedures. 

On the other hand, debt settlement companies are private entities that negotiate with creditors to settle debts for a reduced amount. It’s important to note that only LITs can administer formal debt relief programs regulated by the government.

Whether BC debt consolidation is a better option than a Consumer Proposal hinges on your specific circumstances. A debt consolidation loan combines multiple debt payments into a single loan with one monthly payment, making it a suitable option for those with good credit and the ability to secure favorable loan terms (like a lower interest rate).

A Consumer Proposal is a form of debt consolidation program. It offers a structured debt settlement arrangement, allowing you to reduce your overall debt amount and make affordable monthly payments. Consulting with a Licensed Insolvency Trustee can assist you in determining the best course of action based on your individual financial situation.

The cost of a debt repayment program varies depending on the chosen program. For instance, debt consolidation loans may involve interest charges and associated fees, but hopefully at a lower overall rate than managing multiple debts.

Regarding a Consumer Proposal, you will need to pay fees to the Licensed Insolvency Trustee (LIT) for administering the program. The cost structure will be explained to you during the consultation process with the LIT. Additionally, some programs may offer the option to repay the debt through a lump sum payment if you have access to the necessary funds.