What happens if I can’t pay my credit card debt in BC?
If you can’t pay your credit card debt, you may face late fees, higher interest charges, and collection calls. Your credit rating will likely drop, making it harder to borrow money in the future. If the debt remains unpaid, you could also be sued. But you do have options. You can contact your bank to set up a payment plan, or seek free advice from a credit counselling service. The earlier you act, the more choices you’ll have. The Credit Counselling Society (opens in a new tab) offers free and confidential support in BC.
Others found these helpful...
- Consumer Protection BC (opens in a new tab)
This government agency is the regulator for specific types of consumer transactions in BC.
- Peoples Law School (opens in a new tab)
The PLS website provides helpful information about consumer law and debt issues.
- Clicklaw (opens in a new tab)
Clicklaw provides helpful information about consumer law, debt, taxes and finances.
- BC Civil Resolution Tribunal (opens in a new tab)
The Solution Explorer on the CRT website provides free legal information and self-help tools that enable people to address disputes for up to $5000.