Beloeil
Expert Advice on Consumer Proposals & Debt Help
Beloeil, debt help, Quebec
Beloeil, located along the Richelieu River, is a charming town with rich history and scenic parks. However, residents face financial challenges due to high living costs and commuting to Montreal. Despite a higher average income, many struggle with debt from credit cards and loans. This pressure impacts their quality of life, making debt relief options crucial for those in need.
City: Beloeil
Province/Territory: Quebec (QC), Canada
Est. Population: 52,959
Financial Challenges
Living and working in Beloeil, Quebec can be hard for people who are having money problems. Even though the average income in Beloeil is higher than in other parts of Quebec, many people have to travel to Montreal for their jobs. This travel costs extra money for things like gas or public transportation, making it harder to save. Also, paying for rent, food, school, and other daily expenses can take up most of their money, leaving little left for emergencies or fun activities.
On top of that, many people in Beloeil worry about paying off their debts. High credit card bills and loans can cause a lot of stress, especially when prices for things like groceries and utilities keep going up. This financial pressure can make it difficult to focus on work or enjoy life. People who are struggling might find it hard to get the help they need, which makes their financial challenges even bigger in Beloeil.
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 Beloeil, 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 | 24,891 |
Living in poverty | Number of residents who are living in poverty | 5,878 |
Debt defaulted | Number of residents who have defaulted on a debt payment | 577 |
Insolvencies | Number of residents who filed for insolvency | 132 |
Consumer proposal | Number of residents who filed for a consumer proposal | 101 |
Personal bankruptcy | Number of residents who filed for personal bankruptcy | 32 |
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
Centre-ville de Beloeil
This is the heart of Beloeil, known for its vibrant atmosphere, shops, cafés, and restaurants. The downtown area is a hub for cultural events and gatherings, bringing together residents and visitors alike.Beloeil-sur-Mer
A charming neighborhood that borders the Richelieu River, Beloeil-sur-Mer offers picturesque views and recreational activities. It is popular for its waterfront parks and walking paths, making it an ideal spot for families and nature lovers.Montagne de Beloeil
This area features the renowned Mont Saint-Hilaire, a part of the Monteregian Hills. It’s a favorite destination for outdoor enthusiasts who enjoy hiking, birdwatching, and breathtaking panoramic views of the surrounding landscape.Quartier du Parc
A family-friendly neighborhood that incorporates several parks and green spaces, Quartier du Parc is perfect for outdoor activities and community gatherings. It provides a peaceful environment while remaining close to local amenities.Vieux-Beloeil
Known for its historical charm, Vieux-Beloeil boasts beautiful old homes and quaint streets. This neighborhood offers a cozy atmosphere, with various small shops and restaurants that reflect the town’s heritage and culture.Cité des Jeunes
Primarily a residential area, Cité des Jeunes is appealing for families due to its proximity to schools and recreational facilities. The neighborhood fosters a strong community vibe, with numerous local events and activities throughout the year.Les Jardins de Beloeil
A newer development, Les Jardins de Beloeil features modern homes and carefully designed community spaces. This neighborhood is particularly attractive to young professionals and families looking for contemporary living within a vibrant community.
Illustration of Beloeil, Quebec, Canada
Cost of Living
This table provides a breakdown of various average cost-of-living expenses in Beloeil, 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 average cost of living in Beloeil, Quebec?
- How does the housing market in Beloeil compare to neighboring cities?
- What are the average income levels for residents of Beloeil?
- What financial assistance programs are available for low-income residents in Beloeil?
- How has the economic outlook for Beloeil changed in recent years?
- What are the primary industries contributing to Beloeil’s economy?
- What financial challenges do residents of Beloeil typically face?
If you have a question about debt see our debt related question or ask your own debt related question.
Overview
Located on the banks of the Richelieu River, this picturesque town is known for its scenic beauty and rich history. It features charming parks, cultural festivals, and various recreational activities, making it a great spot for outdoor enthusiasts and families alike. The area is characterized by its historical architecture, friendly community, and access to nature, with paths along the river for walking, cycling, and enjoying the surroundings. The town also boasts excellent local services, promoting a pleasant lifestyle for its residents.
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!