At, we understand that people might find themselves surrounded by debt for many reasons including job loss, reduced income, medical expenses, or even the rising costs of raising a family. And when faced with a mountain of consumer debt, it is quite easy to become overwhelmed and to believe that you will never be able to pay off your creditors. The high-interest rates associated with consumer debts, late fees for those who are behind on their payments, and much more can seem to conspire against your attempts to become debt free. That is why we want to help all Canadians better understand their debt relief options and save the most money while they get out from under their unsecured loans. Are you struggling with debt or trying to figure out which Canadian debt relief program will help you get out of debt in the quickest amount of time and for the least amount of money? If so, let us show you that you can live a life free of bills and you do have more options than you probably realize. Simply put, if you are paying out more money every month than you have coming in, we can get you to a professional who can help. Fill out the form above to get started today!


Economists who watch consumer debt levels across Canada have become increasingly alarmed by what they are seeing in British Columbia. While average consumer debt levels throughout the country have been steadily increasing in recent years, some of the biggest increases have been in BC. In fact, the province continues to have the highest average consumer debt level in the entire country. If you live in Surrey and cannot pay your bills on time or are seeing your overall debt levels increase month after month, then credit counselling may be the answer you are looking for. A quality Surrey credit counselling program can help you get out from under your debt and shore up your financial future at the same time.

Would a DMP work for residents of Surrey, BC

Residents of Surrey, BC often confuse debt management plans with credit consolidation, because they have some similarities. For instance, both programs entail converting several debts into one monthly payment for ease of tracking. However, you still owe the original creditors when you enroll in a debt management plan (DMP). Conversely, you only owe one entity when you participate in a debt consolidation loan. If you’re considering a DMP in Surrey, you must have a steady source of income. While DMPs serve those with more than $10,000 of debt, homeowners may have to cash out equity instead. Likewise, individuals who have funds in their RRSP may have to use those funds to pay off the debt in lieu of enrolling in a debt management plan. Speak to a counsellor in Surrey to determine if a DMP is the right option for you.

Debt Consolidation Options in Surrey, BC

As a citizen living in Surrey, BC it’s not uncommon to fall on hard times. If you’re experiencing difficulty keeping up with your financial obligations, debt consolidation may be your best option to get back on track. As such, consolidating your unsecured debts can make managing your payments easier. For example, multiple credit card debts and other liabilities combine into a single monthly payment. This makes it easier to prepare for and remember when just one due date is approaching every month. In addition, that single payment can be more manageable, with a lower interest rate than the existing rates on your different debts. While there are different ways to consolidate your debt, the most common way is through procuring a loan. However, your ability to qualify for a consolidation loan depends on your current credit score. Learn more about the debt consolidation process in Surrey here.

Options for a Consumer Proposal in Surrey, BC

To file a consumer proposal, Surrey, BC residents must go through a Licensed Insolvency Trustee in the area. Consumer proposals allow their participants to pay back less than what they owe to their creditors. Despite how good that sounds, it comes with some drawbacks and should be a last resort, much like bankruptcy. To qualify for a consumer proposal in Surrey, BC individuals must know to owe more than $250,000. Likewise, a married couple filing jointly cannot have more than $500,000 in debt. Paying less than what you owe at a lower interest rate comes with some heavy consequences. For one, your credit score drops to the absolute lowest it can go. In addition, the consumer proposal will remain on your credit report up to three years after you complete the five-year program. This can make acquiring credit or buying a home or auto more difficult. Speak to a member of our team who understands the laws regarding consumer proposals in Surrey, BC today.

How Bankruptcy works in Surrey, BC

Many people living in Surrey, BC can find it difficult to keep up with the cost of living. If your debts have been piling up to an unmanageable amount, declaring bankruptcy might be the solution to your money troubles. However, one must never take bankruptcy lightly, as it is only a last resort. Speaking to a Licensed Insolvency Trustee can shed some light on your options and inform your next steps in finding a fitting solution. Remember, declaring bankruptcy gets most of your debts forgiven, however you forfeit most of your valuable assets in return. In addition, you will no longer experience wage garnishments. Conversely, you may not be able to obtain credit for seven years, and there is a limit on how much you can earn during bankruptcy. If you’re thinking about filing for bankruptcy in Surrey, BC, call us to speak with a professional who can help.

You are not alone

In 2021, 688 Surrey residents reached out to to finally tackle their debt problems. They were struggling with an average debt load of $23,460 but now have the help they need to get their finances, and their life, back on track.

Get on the path to
debt freedom

Resources Available in Surrey, BC for people needing debt relief help

If you are struggling to make ends meet, apart from seeking professional credit help,  there are several national, state, local government agencies, along with non-profit organizations, you can turn too:

Surrey North Service Canada Centre
13889 104th Avenue
Surrey, British Columbia
Available Services
- Unemployment Assistance
- Child Benefits
- Senior Assistance

CRA - Canadian Revenue Agency
9755 King George Blvd,
Surrey, BC V3T 5E1
(800) 959-8281

Surrey Veterans Affairs
13479 108th Avenue
3rd Floor, Suite 350
Surrey, B.C.
V3T 5T4
(866) 522-2122

Surrey Housing & Health Solutions
10697 135a St,
Surrey, BC V3T 4E3

BC Mental Health & Addiction
10022 King George Blvd,
Surrey, BC VT3 2W4
(604) 953-4900

Better Business Bureau serving Mainland BC
788 Beatty St #404,
Vancouver, BC V6B 2M1
(604) 682-2711

Salvation Army
13474 96 Ave,
Surrey, BC V3V 1Y9
(604) 496-5172

Debt Consolidation Loans
Loans Canada
Debt Relief Loans

Home Equity Loan for Debt Consolidation

Consumer Proposal
Consumer Proposal Loans

Credit Reports & Monitoring
Credit Verify

TransUnion Credit Report Disputes
Phone: 1-800-663-9980 (English) | 1-877-713-3393 (French)

Credit Counselling Resources in Additional British Columbia Cities:

Insolvency Stats for Surrey

2020 Data
Population 517,887
Average Credit Score 687
Median Income $86,140
Average Home Price $878,242
Median Mortgage $-
Avg. Non-Mortgage Debt $26,629
Total Insolvencies: 4,497 *(- 35%)
Av Assets / Insolvency $48,288 (+ $2,995)
Av Liabilities / Insolvency $94,531 (- $5,681)
Debt Ratio: 196% (- 26%)
Bankruptcies 1,360 *(- 53%)
Av Assets $40,411 (+ $9,111)
Av Liabilities $137,666 (- $7,047)
Debt Ratio: 341% *(- 121%)
Consumer Proposals
Consumer Proposals 3,137 *(- 27%)
Av Assets $51,703 (- $901)
Av Liabilities $75,831 (- $1,111)
Debt Ratio: 147% (-1%)

*() change from 2019

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About Surrey

A Brief History of Surrey

Located in southern British Columbia, Surrey is one of the 21 municipalities part of Metro Vancouver. Surrey is in the Lower Mainland, south of the Fraser River, sharing a border with Washington State. Langley and Delta are to its east and west.
In Metro Vancouver, Surrey is the largest city by area and is the second most populated city with a population of over 500,000.
Although it became a municipality way back in 1879, Surrey is a relatively young city. It finally became a city in 1993.
Like many cities in Canada, the Surrey name came from England, after Surrey County in the United Kingdom.

Surrey’s History

The Kwantlen people lived in villages along the Fraser River for over 6,000 years until Europeans arrived, decimating their population through diseases. They gave the Kwantlen a small reserve in Surrey as a safe refuge.
Surrey didn’t grow much at the beginning, with agriculture and lumber serving as its primary industries. However, over the years, more accessibility has helped grow its economy. It started with the construction of a double-span bridge across the Fraser River in 1904, providing Surrey with a critical link to New Westminster and Vancouver.
When the Port Mann Bridge opened in 1960, it brought more economic prosperity to the area. The famous Skytrain has since been extended into Surrey, providing better transit access as well.

What’s Surrey Famous for?

Surrey is one of the fasting growing cities in Canada. It’s also one of the most culturally diverse cities in the country. Visual and performing arts are a big part of Surrey’s identity. Surrey is home to:
The Surrey Arts Centre
Surrey Art Gallery
Surrey Civic Theatres
Surrey has a lively Heritage Services department to tell its story. You can also relive the history of Surrey at Historic Stewart Farm or see artifacts from the past and present at the Museum of Surrey. If you enjoy old photos, be sure to stop by the Surrey Archives.

What are the Large Economic Drivers?

Surrey has a diverse economy. The main economic drivers include:
With plenty of fertile agricultural lands and a large skilled labour force, Surrey’s economy has been strong in recent years and looks to stay healthy in the coming years.
Today about 1,300 businesses are located in Surrey’s City Centre alone. Its City Centre provides over 25,000 jobs, with the job number expected to be over 31,000 by 2021.

Recent Changes that May have Changed the Economic Outlook

At one time, Surrey was an afterthought in the Lower Mainland. That’s no longer the case. In recent years it’s been transformed into a bustling technology and health care hub. To help with the success of start-up firms, a health technology accelerator was created there by the government.
Although a lot of Surrey’s success relies on Vancouver’s success, Surrey has done an excellent job of carving out a niche for itself and is no longer an afterthought.