Pembroke
Trusted Debt Relief & Consumer Proposal Experts
Pembroke, debt help, Ontario
Pembroke, Ontario, is facing growing financial challenges as rising taxes and increasing costs of essential services strain household budgets. Families find it hard to meet basic needs amid stagnant wages and escalating housing prices. For those seeking debt relief, managing finances and expenses becomes tougher, leading to heightened concerns about saving and debt repayment.
City: Pembroke
Province/Territory: Ontario (ON), Canada
Est. Population: 16,571
Financial Challenges
Living in Pembroke, Ontario is becoming tougher for people who are already struggling with money. The city is raising taxes to pay for things like roads and public services, which means families have to spend more of their income on taxes. On top of that, the cost of everyday services, such as heating homes and paying for water, is going up. This makes it harder for those with limited budgets to afford basic necessities like food and utilities.
For workers in Pembroke, managing debt and expenses is getting more challenging. Even though there might be some new jobs, wages aren’t always keeping up with the rising costs of living. Housing prices are also increasing, making it difficult to find affordable places to live. People facing money problems may find it hard to save or pay off debts, and the support from the city may not be enough to help everyone who needs it.
Debt Relief Solutions Available
Financial Planning
You are creating a detailed plan to manage your finances, including budgeting, setting financial goals, and saving for future needs. It's about gaining control over your money, making informed decisions, and reducing the likelihood of new debt.
Find out more about Financial PlanningDebt Management Plan
Pay off your debt through consolidated payments and sometimes lower interest rates. In a Debt Management Plan (DMP), a credit counselor works with creditors to negotiate terms that make your debt more manageable, resulting in a single monthly payment.
Find out more about Debt ManagementDebt Consolidation
Combine multiple debts, such as credit card balances and personal loans, into a single loan with a lower interest rate. This can simplify your payment process and reduce the total interest charges over time, making it easier to pay down your debt.
Find out more about Debt ConsolidationDebt Settlement
Negotiate with your creditors to reduce the amount you owe in exchange for a reduced lump-sum payment. Creditors are willing to write off the debt because they receive immediate payment. Typically, these negotiations are handled by debt settlement companies.
Find out more about Debt SettlementConsumer Proposal
A consumer proposal is a legally binding agreement between you and your creditors to repay a portion of your debt over an extended period. Administered by an LIT, the proposal will outline a fixed monthly payment plan you can afford.
Find out more about Consumer ProposalsBankruptcy
Personal bankruptcy is a legal process that relieves individuals who cannot repay their debts. It involves erasing most of your unsecured debts and giving you a fresh financial start, but it also has a long-term impact on your credit rating.
Find out more about Bankruptcy*Illustration of Pembroke, Ontario
Debt Data
This table includes estimates on the number of residents who are experiencing financial stress situations. You are not alone.
Item | Description | Estimated |
---|---|---|
Living paycheck to paycheck | Number of residents who are living paycheck to paycheck | 7,788 |
Living in poverty | Number of residents who are living in poverty | 1,839 |
Debt defaulted | Number of residents who have defaulted on a debt payment | 181 |
Insolvencies | Number of residents who filed for insolvency | 41 |
Consumer proposal | Number of residents who filed for a consumer proposal | 31 |
Personal bankruptcy | Number of residents who filed for personal bankruptcy | 10 |
The estimates above are based on the following ratios living paycheck to paycheck rate (47%), poverty rate (11.1%), delinquency rate (1.09%), insolvency rate (0.25%), consumer proposal rate (0.19%), personal bankruptcy rate (.06%) from the following sources leger360.com, statcan.gc.ca, consumer.equifax.ca and is, d-isde.canada.ca.
Elimiate up to 80% of Your Debt
High cost of gas, high cost of groceries, high lending rates, low salary - being in debt is not your fault! See if you qualify for government debt programs and get out of debt today!
Areas / Neighbourhoods
Downtown Pembroke: This vibrant area is the heart of Pembroke, featuring a mix of charming shops, restaurants, and cafés. It’s a popular spot for locals and visitors, especially during festivals and community events.
Riverwalk: A scenic area along the Ottawa River, Riverwalk is ideal for nature enthusiasts and those who enjoy outdoor activities. The beautiful walking paths and parks attract families and individuals looking for a peaceful escape.
Pembroke Heights: A residential neighborhood known for its family-friendly atmosphere and community spirit. It offers a mix of single-family homes and townhouses, making it a desirable location for young families.
East End: This area features a blend of residential homes and commercial properties. It’s known for its accessibility to various amenities, including schools, parks, and shopping centers, making it popular among working professionals.
West End: Primarily residential, the West End offers a quieter suburban feel with a variety of housing options. It’s known for its close-knit community and proximity to recreational facilities.
Laurentian Valley: Just a short drive from downtown Pembroke, this area offers a more rural setting with picturesque landscapes. It’s favored by those seeking larger lots and a slower pace of life while still being near urban conveniences.
Illustration of Pembroke, Ontario, Canada
Cost of Living
This table provides a breakdown of various average cost-of-living expenses in Pembroke, Canada to help understand the financial requirements for different living situations.
Item | Description | Average Cost |
---|---|---|
Housing (1BR) | Monthly rent for a 1-bedroom apartment | $2,400 |
Housing (2BR) | Monthly rent for a 2-bedroom apartment | $3,000 |
Average Home Price | Average price to purchase a home | $885,000 |
Utilities | Monthly cost for electricity, heating, water, and garbage | $145 |
Food (Single) | Monthly grocery cost for a single person | $350 |
Food (Family) | Monthly grocery cost for a family of four | $1,000 |
Healthcare (Rx) | Monthly cost for prescription medications | $35 |
Healthcare (Dental) | Monthly cost for dental care | $200 |
Healthcare (Vision) | Monthly cost for vision care | $225 |
Transportation (Public) | Monthly cost for public transit | $2,400 |
Transportation (Car) | Monthly cost for car ownership | $650 |
Childcare (Daycare) | Monthly cost for daycare | $1,250 |
Childcare (After-School) | Monthly cost for after-school programs | $400 |
The cost of living data is based on provincial averages and may differ between cities, towns, and rural areas.
Top Questions
- What is the average cost of living in Pembroke, Ontario?
- How does Pembroke’s housing market compare to other cities in Ontario?
- What are the average utility costs for residents in Pembroke?
- What financial assistance programs are available for low-income residents in Pembroke?
- How does the job market in Pembroke affect its economic outlook?
- What are the primary industries contributing to Pembroke’s economy?
- What are the common financial challenges faced by residents in Pembroke?
If you have a question about debt see our debt related question or ask your own debt related question.
Overview
Located in eastern Ontario, this city is nestled along the Ottawa River, surrounded by beautiful forests and waterways. With a rich history that dates back to the 19th century, it proudly showcases its heritage through various cultural events and landmarks. The city offers a mix of recreational activities, including hiking, fishing, and snowmobiling, appealing to nature enthusiasts year-round. Local festivals celebrate community spirit and feature activities like crafting, music, and food, making it a lively spot for residents and visitors alike. The educational institutions in the area provide quality learning opportunities, while the friendly atmosphere fosters a strong sense of belonging.
Elimiate up to 80% of Your Debt
High cost of gas, high cost of groceries, high lending rates, low salary - being in debt is not your fault! See if you qualify for government debt programs and get out of debt today!