Matane
Consumer Proposal Experts - Debt Relief Solutions
Matane, debt help, Quebec
Matane, located on the St. Lawrence River, offers beautiful natural surroundings and a rich cultural scene. However, economic challenges persist, with limited job opportunities and potentially low wages affecting residents’ ability to manage costs like rent and groceries. Access to affordable services may decline due to budget cuts, complicating financial recovery and debt relief efforts for the community.
City: Matane
Province/Territory: Quebec (QC), Canada
Est. Population: 13,987
Financial Challenges
Living in Matane can be tough if you’re having money problems. Even though the new Duravit factory is bringing some jobs, there aren’t always enough opportunities for everyone. Wages might not be high enough to cover everyday costs like rent, groceries, and transportation. This can make it hard to make ends meet, especially for families or individuals trying to save money.
Besides job issues, Matane may have limited access to affordable services and support. With Quebec facing a big budget deficit, there might be cuts to important services like healthcare and education. This means you might have to pay more out of pocket for things you need. Additionally, fewer people moving to the area can slow down the economy, making it harder to find help and resources when you’re struggling financially.
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 Matane, 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 | 6,574 |
Living in poverty | Number of residents who are living in poverty | 1,553 |
Debt defaulted | Number of residents who have defaulted on a debt payment | 152 |
Insolvencies | Number of residents who filed for insolvency | 35 |
Consumer proposal | Number of residents who filed for a consumer proposal | 27 |
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
Downtown Matane
The commercial heart of Matane, this area is known for its vibrant atmosphere and a variety of shops, restaurants, and cafes. It’s a hub for local events and cultural activities, making it a popular gathering spot for both residents and visitors.La Cité de la Mer
Situated along the riverside, this picturesque area provides stunning views and access to the St. Lawrence River. It’s home to recreational activities such as walking trails and parks, making it ideal for families and outdoor enthusiasts.Matane River Park
A beautiful expanse of green space, this park is located along the Matane River and offers picnic areas, playgrounds, and walking paths. It’s an excellent place for relaxation and outdoor sports, appealing to nature lovers of all ages.Plage de Matane
This sandy beach area along the St. Lawrence River is a popular destination during the summer months. It features various amenities for swimming and sunbathing and occasionally hosts community events and festivals.Sainte-Thomas-de-Matane
A charming neighborhood that offers a mix of residential living and small-town vibe. Known for its community feel and local markets, it attracts families looking for a quieter lifestyle while still being close to urban amenities.Les Jardins de Matane
This area features residential developments surrounded by nature, providing a serene environment for those seeking a peaceful locale. It’s popular among families and retirees who appreciate the tranquility and community spirit.Rive-Fleuve
This waterfront neighborhood offers beautiful views of the St. Lawrence River, along with various leisure activities such as boating and fishing. It’s a desirable area for those who enjoy living close to nature while still being near city amenities.
Illustration of Matane, Quebec, Canada
Cost of Living
This table provides a breakdown of various average cost-of-living expenses in Matane, 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 Matane, Quebec?
- How do housing prices in Matane compare to other towns in Quebec?
- What is the unemployment rate in Matane and how does it affect residents financially?
- Are there any local financial assistance programs for residents facing economic challenges in Matane?
- What job opportunities are available in Matane and how do they impact the local economy?
- How do the wages in Matane compare to the provincial average in Quebec?
- What are the main industries driving the economy in Matane and their prospects for future growth?
If you have a question about debt see our debt related question or ask your own debt related question.
Overview
Located on the southern shore of the St. Lawrence River in Quebec, this city is known for its beautiful natural surroundings and rich cultural heritage. The area is famous for its stunning views and is a popular destination for outdoor activities like hiking and fishing. The city also has a strong focus on the arts, hosting various cultural events throughout the year. With a friendly community spirit, it serves as a regional hub for industry and commerce, benefiting from new investments that are creating job opportunities and enhancing the local economy.
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!