Roberval
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Roberval, debt relief, Quebec
Roberval, located in Quebec’s Saguenay–Lac-Saint-Jean region, faces financial challenges due to reliance on the unstable forestry and hydroelectric sectors. Job loss from environmental issues affects income, making it tough to cover essential expenses. Additionally, rising costs from reduced public services and increased taxes add to the financial strain, complicating residents’ access to debt relief options.
City: Roberval
Province/Territory: Quebec (QC), Canada
Est. Population: 10,227
Financial Challenges
Living in Roberval can be tough if you’re having money problems. Many people work in jobs related to forestry and hydroelectric power, but these industries can be unstable. When there are issues like droughts or forest fires, jobs might be lost, making it hard to find steady work. Without reliable income, paying for things like rent, groceries, and bills becomes a big challenge.
Besides job troubles, there are other costs that add up. The city might cut back on public services like healthcare and education to save money, which means you might have to spend more on medical care or school supplies. Taxes could also go up, leaving you with even less money each month. With an aging population, there are more people needing help, which can make services stretched thin. All these factors make it difficult to live comfortably and manage everyday expenses in Roberval.
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 Roberval, 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 | 4,807 |
| Living in poverty | Number of residents who are living in poverty | 1,135 |
| Debt defaulted | Number of residents who have defaulted on a debt payment | 111 |
| Insolvencies | Number of residents who filed for insolvency | 26 |
| Consumer proposal | Number of residents who filed for a consumer proposal | 19 |
| Personal bankruptcy | Number of residents who filed for personal bankruptcy | 6 |
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: The heart of Roberval, Centre-Ville is known for its vibrant atmosphere, featuring a mix of shops, restaurants, and cultural venues. This area is lively, especially during local festivals and events.
Lac Saint-Jean: Offering stunning waterfront views, this neighborhood is popular for recreational activities like fishing, boating, and picnicking. It’s a favorite spot for families and outdoor enthusiasts.
Énergie: Primarily a residential area, Énergie is known for its community spirit and access to local amenities. It’s a peaceful neighborhood with parks and leisure facilities that cater to families and young professionals.
Rivière-Du-Moulin: This district is characterized by its scenic river views and nature trails. It attracts those who enjoy hiking and biking, making it a popular destination for outdoor activities and nature lovers.
Manoir du Village: An upscale neighborhood, Manoir du Village features beautiful homes and well-maintained streets. It is regarded as a desirable area for families seeking a quiet and safe environment.
Les Jardins: A community-oriented neighborhood known for its greenery and parks, Les Jardins is ideal for families and individuals who appreciate a calm and inviting environment that promotes an active lifestyle.
Vieux-Roberval: Rich in history, Vieux-Roberval boasts charming architecture and cultural landmarks. The area often hosts local events that celebrate the town’s heritage, attracting visitors and residents alike.
Illustration of Roberval, Quebec, Canada
Cost of Living
This table provides a breakdown of various average cost-of-living expenses in Roberval, 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 Roberval, Quebec?
- How does the housing market in Roberval compare to other cities in Quebec?
- What are the average salaries for jobs in Roberval?
- What financial aid programs are available for residents facing economic challenges in Roberval?
- How has inflation impacted the cost of goods and services in Roberval?
- What are the main economic drivers and industries in Roberval?
- Are there any financial resources or workshops for personal finance available to residents of Roberval?
If you have a question about debt see our debt related question or ask your own debt related question.
Overview
Located in the Saguenay–Lac-Saint-Jean region of Quebec, this city sits by the shores of Lac Saint-Jean, making it a picturesque location surrounded by natural beauty. Known for its rich culture and history, it offers various outdoor activities, including fishing, hiking, and snow sports, which attract both locals and visitors. The region is also recognized for its strong ties to the forestry and hydroelectric power industries, providing numerous job opportunities for residents. With a mix of community events and festivals, this city fosters a sense of belonging and pride among its inhabitants, contributing to its unique charm.
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!