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Debt Relief Solutions in Vancouver, BC

Residents of Vancouver, British Columbia have reduced their payments by up to 50% by contacting for help. will evaluate your situation and refer you to qualified and vetted professionals based on the solution that will work best for you.

Reduce Your Payments By Up To 50%

Lower Your Interest Rates

Make One Low Monthly Payment For All Your Debt

Debt Free in as little as 24 – 48 Months

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Canadian Debt Relief

Credit Counselling

Debt Management Plans

Debt Consolidation

Consumer Proposal


Not Alone is Canada’s trusted source for debt relief

At, we understand that people might find themselves surrounded with 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 your 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 2nd highest average consumer debt level in the entire country. For the largest cities in Canada, Vancouver only trails Calgary and Edmonton as far average debt loads for their residents, topping out to almost $27,000 while seeing the delinquency rates increase by almost 10% year over year.

If you live in Vancouver 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 Vancouver credit counselling program can help you get out from under your debt and shore up your financial future at the same time.


Residents of Vancouver, 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 Vancouver, BC 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 Vancouver, BC to determine if a DMP is the right option for you.


As a citizen living in Vancouver, 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 Vancouver here.


To file a consumer proposal, Vancouver, 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 Vancouver 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 Vancouver today.


Many people living in Vancouver 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 Vancouver call us to speak with a professional who can help.


In 2023, 36 Vancouver 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 Vancouver, 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 to:

Vancouver – Service Canada Centre

Sinclair Centre, Office 125
757 Hastings Street West
Vancouver, British Columbia
Available Services:
– Unemployment Assistance
– Child Benefits
– Senior Assistance

CRA – Canadian Revenue Agency

468 Terminal Ave, Vancouver, BC V6A 2M5
(800) 959-8281

Vancouver Veterans Affairs

605 Robson Street, Suite 900
Vancouver, BC
(866) 522-2122

Greater Vancouver Food Bank

8345 Winston St,
Burnaby, BC V5A 2H3
(604) 876-3601

Vancouver Adult Mental Health

711 W 12th Ave,
Vancouver, BC V5Z 1N1
(604) 875-8248

Better Business Bureau serving Mainland BC

788 Beatty St #404,
Vancouver, BC V6B 2M1
(604) 682-2711

Salvation Army

138 E Cordova St,
Vancouver, BC V6A 1K9
(604) 646-6800

Debt Consolidation Loans

Loans Canada – Debt Relief Loans

TransUnion Credit Report Disputes

Phone: 1-800-663-9980 (English) | 1-877-713-3393 (French)

Additional City Resources in British Columbia

Insolvency stats for Vancouver


Q4 ’23Q3 ’23Q2 ’23Q1 ’23Q4 ’22
CONSUMER PROPOSALS1,3071,2411,2971,105996
VANCOUVER TOTALS1,5291,2411,4481,3021,170


2022 DATA
TOTAL INSOLVENCIES:4,368 *(+15.3%)
BANKRUPTCIES757 *(- 19.7%)
AV ASSETS$23,543
AV ASSETS$574,688

*() change from 20

Get on the path to debt freedom


A Brief History of Vancouver

Vancouver has somewhat of a sad and destructive history. For hundreds of thousands of years, native people occupied the site of Vancouver. In 1791, a Spaniard named Jose Maria Narvaez discovered the land of Vancouver. A year later, another individual by the name of George Vancouver from Britain claimed the land and named the region after himself. The land was neither Jose nor George’s right, but they claimed it for themselves, forcing the native people out or subjecting them to their culture.

In 1870, Vancouver was incorporated as the town of Granville. About 15 years later, the Canadian Pacific Railway chose Granville to be the terminus of a transcontinental railway. Shortly after, the name Vancouver resurfaced and the city was incorporated under that name. Unfortunately, the same year Vancouver was renamed, it was hit with a massive fire that devastated the city. Vancouver was rebuilt, and in 1887 the first train arrived in the city. To further facilitate transportation, the Waterfront Station was built in 1914.

Economic Developments

The city began to grow rapidly because it was a booming transportation hub. Throughout the late 1800s, Hotel Vancouver, Capilano Suspension Bridge and the Museum of Vancouver were established.

Among many other landmarks and establishments, the following came about in the 1900s:

  • University of British Columbia
  • Marine Building
  • Vancouver Art Gallery
  • Lions Gate Bridge
  • Vancouver City Hall
  • Harbour Centre
  • VanDusen Botanical Gardens
  • Gastown Steam Clock

At this point, Vancouver was becoming more than just a transportation hub, and the city offered its residents more and more. Vancouver held the Olympics in 2010, garnered notoriety and growth.

Current Economic Stability

Today, Vancouver is known for international commerce and trade, agriculture, film and TV, technology, transportation, tourism, banking, education, finance and housing. Vancouver is an extremely popular city to live in for its lucrative job opportunities and favourable climate. Vancouver has experienced a boom in the housing market. Housing prices skyrocketed due to foreign buyers, which makes it challenging for residents to afford owning or renting a place of their own. Finally, Vancouver is quite well known for its outdoorsy, mellow culture. Many residents of Vancouver spend their weekends hiking in the mountains, kayaking on a lake or simply enjoying the fresh air on their porch. Many people move to Vancouver to enjoy the lifestyle of the city but can be troubled by the high cost of living.

British Columbia 2023 Tax Brackets

Residents of British Columbia are required to pay both Federal and Provincial Income Tax each year on your total taxable income.

Each Province sets their own bracket thresholds.

For British Columbia:

5.06% on the portion of your taxable income that is $45,654 or less 
+ 7.7% on the portion of your taxable income between $45,654 and $91,310
+ 10.5% on the portion of your taxable income between $91,310and $104,835
+ 12.29% on the portion of your taxable income between $104,835and $127,299 
+ 14.7% on the portion of your taxable income between $127,299 and $172,602,
+ 16.8% on the portion of your taxable income between $172,602 and $240716
+ 20.5% on the portion of your taxable income that is more than $240,716 


If your total taxable income came out to be exactly $150,000, your provincial tax amount owed would be $13,343.61.

5.06% * $45,654 = $2,310.09 plus
7.7% * $45,656 ($91,310 – $45,654) = $3,515.51
10.5% * $13,525 ($104,835 – $91,310) = $1,420.13
12.29% * $22,464 ($127,299 -$104,835 = $2,760.83
14.7% * $22,701 ($150,000-127,299) = $3,337.05

Provincial tax owed = $2,310.09 + $3,515.51 + $1,420.13 + $2,760.83 + $3,337.05= $13,343.61