Are you a British Columbia homeowner struggling to keep up with multiple high-interest payments?
Living in BC is beautiful, but it is also expensive. From the record-high housing costs in Vancouver and Surrey to the rising daily expenses in Kelowna and Victoria, many families find themselves “equity rich but cash poor.”
Between high-interest credit cards (often 19%+), personal lines of credit, and car loans, it is easy to feel overwhelmed. You work hard, but it feels like your paycheck disappears into interest payments before you even buy groceries.
Debt consolidation in BC is the smartest way to use the massive value built up in your home to wipe out high-interest debt. At Seven Lending, we specialize in helping residents simplify their lives, lower their interest rates, and regain control of their future.
*After submitting this form, we will contact you within 24 hours.
Debt consolidation is a strategic financial move where you combine multiple unsecured debts (like credit cards and payday loans) into a single, secured loan.
Instead of paying five different creditors at 19% to 29% interest, you take out one consolidation loan (usually secured by your home) at a significantly lower rate. This allows you to set up a mortgage payment schedule that perfectly aligns with your income cycle.
British Columbia has some of the highest real estate values. While this makes it hard for many to enter the market, it creates a “hidden bank account” for those who already own property.
Credit cards in BC often charge 20% interest. A home equity loan or second mortgage can be significantly lower.
As grocery, gas, and utility costs rise in the Lower Mainland and the Okanagan, reducing your monthly debt payments provides immediate breathing room for your family.
Many self-employed professionals in BC struggle with tax debt. Debt consolidation can clear CRA arrears before they result in costly property liens.
Imagine you owe $30,000 across credit cards and loans.
| Financial Factor | Current Situation (High Interest) | After Seven Lending Consolidation |
|---|---|---|
| Number of Payments | 5+ different bills per month | 1 single monthly payment |
| Average Interest Rate | 19.99% (Credit Cards) | Lower Mortgage Rates |
| Monthly Cash Flow | High payments, mostly interest | Reduced payments, more cash in pocket |
| Stress Level | Overwhelming | Manageable |
| Financial Factor | Current Situation (High Interest) | After Seven Lending Consolidation |
|---|---|---|
|
Number of Payments |
5+ different bills per month |
1 single monthly payment |
|
Average Interest Rate |
19.99% (Credit Cards) |
Lower Mortgage Rates |
|
Monthly Cash Flow |
High payments, mostly interest |
Reduced payments, more cash in pocket |
|
Stress Level |
Overwhelming |
Manageable |
Unlike generic debt relief agencies that suggest consumer proposals (which ruin your credit), we use asset-based lending. Since property values in BC (Surrey, Vancouver, Langley) are high, you likely have “sleeping capital” in your home.
We offer three primary ways to access this cash:
We break your current mortgage and refinance it up to 80% of your home’s value. The extra funds are used to pay off all your other debts instantly. You are left with just one mortgage payment.
If you have a great rate on your current mortgage and don’t want to lose it, we can place a “Second Mortgage” behind it. This allows you to pull out equity to pay off debt without touching your primary mortgage term.
We can secure a revolving line of credit against your property. You use it to pay off credit cards and only pay interest on what you use.
Trust is earned through experience. Seven Lending is a premier mortgage lending company with deep roots in British Columbia.
Our co-founder, Raghav, is BC’s leading alternative lending specialist. He is known for finding solutions and “fighting” for his clients when big banks say no.
From the heritage homes of Victoria to the modern towers of Burnaby and New Westminster, we know BC property values better than anyone.
We focus on your home’s value. Your age, income history, and past credit mistakes won’t stop us from helping you.
Banks say “No” if your score is under 650. We say “Yes” based on your property value.
We offer 24–48 hour approvals because we know debt relief is an urgent need.
We have successfully funded over $25 Million in loans for homeowners in:
*After submitting this form, we will contact you within 24 hours.
Don’t let high-interest payments steal your future. Whether you are looking for credit card consolidation in BC or need to unlock cash for a major project, Seven Lending is your trusted partner.
Yes. We specialize in bad credit debt consolidation in BC. Because we use your home as security, your credit score is not the primary factor for approval.
Absolutely. By consolidating your debt, you lower your monthly obligations. This makes you much more attractive to lenders when you apply for a home purchase or investment property.
In BC, you can typically borrow up to 75%–80% of your home’s value. Use our home equity loan calculator to see your specific limit based on your city.
Initially, there is a small dip due to the credit inquiry. However, because we use the funds to pay off high-utilization credit cards, your score usually improves significantly within a few months.
In British Columbia, we can typically refinance your home up to 80% of its appraised value to pull out funds for debt consolidation. If using a private second mortgage, we can sometimes go higher depending on the location.
*After submitting this form, we will contact you within 24 hours.
*After submitting this form, we will contact you within 24 hours.