First steps to take in dealing with debt

Myth or fact?

A creditor needs a court order before they can take a debtor's property.
  • Myth
  • Fact

Having multiple debts can feel overwhelming. Where to begin? Should you pay off your credit card first? What about your car loan? Some debts are important to deal with before others. Just because an aggressive creditor is pressuring you to pay him first, that doesn’t mean you always should. Learn the first steps to take in dealing with debts.

What you should know

Work out the problem

Common questions

Who can help

  • This information applies to British Columbia, Canada
  • Reviewed for legal accuracy in May 2018
  • Time to read: 8 minutes

Reviewed for legal accuracy by

Tim Louman-Gardiner, Farris

Tim Louman-Gardiner

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