Beauharnois
Free Debt Counselling and Relief Solutions
Beauharnois, debt help, Quebec
Beauharnois, located in Quebec’s Montérégie region, faces financial challenges as residents deal with high housing costs and rising everyday expenses. The job market struggles with slow growth and potential unemployment increases, putting further strain on budgets. With expensive loans and public services rising, many seek debt relief solutions like consumer proposals and credit counselling to manage their financial situation effectively.
City: Beauharnois
Province/Territory: Quebec (QC), Canada
Est. Population: 13,638
Financial Challenges
Living in Beauharnois can be tough for people who are having money problems. The cost of housing is high, making it hard to find affordable homes even with new housing projects. Additionally, high interest rates mean that loans for things like cars or houses are more expensive, which can strain a tight budget. Everyday expenses like groceries and utilities are also rising, leaving less money for other needs.
Working in Beauharnois might also present challenges. Jobs are not growing quickly, and there might be a slight increase in unemployment, making it harder to find stable work. Public services such as healthcare and education are costing more, which could lead to higher taxes or fewer services available. All these factors together make it difficult for people with financial struggles to make ends meet in the city.
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 Beauharnois, Quebec
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 | 6,410 |
| Living in poverty | Number of residents who are living in poverty | 1,514 |
| Debt defaulted | Number of residents who have defaulted on a debt payment | 149 |
| Insolvencies | Number of residents who filed for insolvency | 34 |
| Consumer proposal | Number of residents who filed for a consumer proposal | 26 |
| Personal bankruptcy | Number of residents who filed for personal bankruptcy | 8 |
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
Vieux-Beauharnois
This historic neighborhood is known for its charming, old-world architecture and scenic streets. It features several parks, community spaces, and a picturesque riverside, making it a great area for families and those looking for a quieter atmosphere.Beauharnois West
A primarily residential area, Beauharnois West offers a mix of single-family homes and apartments. The neighborhood is known for its accessibility to local schools, shops, and recreational facilities, making it a popular choice for families with children.Terminous
This developing area of Beauharnois is becoming increasingly popular due to new housing developments and amenities. It features a blend of residential and commercial properties, making it a vibrant place to live with easy access to services.Île Saint-Bernard
Located just off the shore of Beauharnois, Île Saint-Bernard is known for its natural beauty and outdoor recreational activities. The island has walking trails, picnic areas, and waterfront views, drawing visitors for nature walks and family outings.Centre-Ville
The downtown or Centre-Ville area serves as the commercial heart of Beauharnois. It is home to a variety of shops, restaurants, and local businesses, making it a lively hub for social activity and community events.
Illustration of Beauharnois, Quebec, Canada
Cost of Living
This table provides a breakdown of various average cost-of-living expenses in Beauharnois, Canada to help understand the financial requirements for different living situations.
| Item | Description | Average Cost |
|---|---|---|
| Housing (1BR) | Monthly rent for a 1-bedroom apartment | $1,270 |
| Housing (2BR) | Monthly rent for a 2-bedroom apartment | $1,750 |
| Average Home Price | Average price to purchase a home | $502,000 |
| Utilities | Monthly cost for electricity, heating, water, and garbage | $200 |
| Food (Single) | Monthly grocery cost for a single person | $300 |
| Food (Family) | Monthly grocery cost for a family of four | $850 |
| 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 | $1,270 |
| Transportation (Car) | Monthly cost for car ownership | $550 |
| Childcare (Daycare) | Monthly cost for daycare | $650 |
| Childcare (After-School) | Monthly cost for after-school programs | $300 |
The cost of living data is based on provincial averages and may differ between cities, towns, and rural areas.
Top Questions
- What is the current cost of living in Beauharnois, Quebec?
- How does Beauharnois’s housing market compare to nearby cities?
- What are the average salaries and job opportunities in Beauharnois?
- What financial assistance programs are available for low-income residents in Beauharnois?
- How has the economic outlook for Beauharnois changed in recent years?
- What are the main financial challenges faced by residents of Beauharnois?
- Are there local businesses in Beauharnois offering financial literacy programs for residents?
If you have a question about debt see our debt related question or ask your own debt related question.
Overview
Located along the southern shore of the Saint Lawrence River, this city is part of the Montérégie region in Quebec. Founded in the early 19th century, it has a rich history tied to the development of the local economy, which has included agriculture, industry, and trade. The city features several parks and recreational areas, making it a pleasant place for outdoor activities. Additionally, its proximity to larger urban centers provides residents with various amenities and services, while preserving a small-town feel that values community engagement and participation.
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!