Saint-Amable
Debt Consolidation & Settlement Solutions
Saint-Amable, debt help, Quebec
Saint-Amable, Quebec, is a small town facing economic challenges, primarily due to low-paying manufacturing jobs, making it difficult for residents to manage basic living expenses. High living costs, coupled with reduced local services from government budget cuts, leave many seeking debt relief. Amid economic uncertainty, finding better-paying jobs and financial stability remains a significant struggle for the community.
City: Saint-Amable
Province/Territory: Quebec (QC), Canada
Est. Population: 13,322
Financial Challenges
In Saint-Amable, many people who have money problems find it hard to make ends meet because most jobs are in manufacturing, which often pays low wages. This makes it difficult to save money or pay for things like rent and groceries. Even though the government helps with things like child benefits and unemployment support, it might not be enough for everyone. When the economy doesn’t grow much, there are fewer job opportunities, making it tough for people to find better-paying jobs.
Additionally, the cost of living in Saint-Amable can be a challenge. Housing prices might not go up a lot, but they can still be too expensive for some families. With the government facing a big budget deficit, there might be cuts to local services that people rely on, such as healthcare and education. This means that those already struggling with money might have less help available. Economic uncertainty, like changes in borrowing costs, also makes it harder for people to plan their finances and feel secure about their future.
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 Saint-Amable, 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 | 6,261 |
| Living in poverty | Number of residents who are living in poverty | 1,479 |
| Debt defaulted | Number of residents who have defaulted on a debt payment | 145 |
| Insolvencies | Number of residents who filed for insolvency | 33 |
| Consumer proposal | Number of residents who filed for a consumer proposal | 25 |
| 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
Centre-Ville
The downtown area of Saint-Amable features a mix of local shops, restaurants, and community services. It serves as a cultural hub, hosting various events and festivals throughout the year.Les Jardins de Saint-Amable
This residential area is known for its family-friendly atmosphere and well-maintained parks. It offers a variety of housing options and is popular among families looking for a close-knit community.Parc de la Renaissance
A vibrant park located in the heart of Saint-Amable, it provides recreational facilities, walking trails, and a playground. The park is a favorite spot for both locals and visitors to relax and enjoy outdoor activities.Le Village
A charming neighborhood that showcases the historical character of Saint-Amable with its quaint streets and traditional homes. The area is known for its friendly community and is ideal for those who appreciate a slower pace of life.Saint-Amable Industrial Park
This area is significant for its commercial and industrial facilities, attracting businesses and creating job opportunities. It plays a crucial role in the local economy and is strategically located for easy access.Châteauguay-les-Îles
A scenic neighborhood boasting waterfront views and an array of recreational activities. The area provides access to outdoor sports, making it an attractive option for those interested in an active lifestyle.
Illustration of Saint-Amable, Quebec, Canada
Cost of Living
This table provides a breakdown of various average cost-of-living expenses in Saint-Amable, 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 cost of living in Saint-Amable compared to other cities in Quebec?
- How has the housing market in Saint-Amable changed over the past few years?
- What are the average salaries for different professions in Saint-Amable?
- Are there any financial assistance programs available for residents facing economic challenges in Saint-Amable?
- What is the current economic outlook for Saint-Amable and its impact on local businesses?
- How do property taxes in Saint-Amable compare to other municipalities in the region?
- What are the main financial challenges faced by residents of Saint-Amable?
If you have a question about debt see our debt related question or ask your own debt related question.
Overview
Located in the province of Quebec, this town offers a combination of small-town charm and accessibility to larger urban centers. The community is known for its friendly atmosphere and local events that bring residents together. It boasts several parks and recreational facilities, making it an excellent place for outdoor activities and family fun. The area is also supported by local services, schools, and transportation links that make everyday life convenient 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!