Saint-Charles-Borromee

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Saint-Charles-Borromee, debt help, Quebec

Saint-Charles-Borromée, Quebec, is a picturesque municipality facing financial challenges. Residents struggle with rising costs for groceries, rent, and healthcare, exacerbated by a slow economy and limited job opportunities. The high living costs and pressure on public services, like schools and transportation, further complicate financial management for families, highlighting the need for effective debt relief solutions.

City: Saint-Charles-Borromee
Province/Territory: Quebec (QC), Canada
Est. Population: 15,285

Financial Challenges

Many people in Saint-Charles-Borromee who are having money problems find it hard to afford everyday things like groceries, rent, and utilities because prices keep going up. With the economy growing very slowly, there aren’t many new jobs available, making it tough to find work and earn enough money. This slow growth also means that businesses might not hire as many people, so job opportunities are limited.

Additionally, healthcare costs are increasing, especially for older adults, which puts extra pressure on those already struggling with money. Public services like schools and transportation might not have enough funds to provide the best support, making life more difficult for families. High living costs combined with rising expenses for essential services make it challenging for people in Saint-Charles-Borromee to manage their finances and improve their situation.

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 Planning

Debt 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 Management

Debt 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 Consolidation

Debt 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 Settlement

Consumer 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 Proposals

Bankruptcy

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


Saint-Charles-Borromee church interior, showcasing serene architecture related to debt relief services.

*Illustration of Saint-Charles-Borromee, Quebec

Debt Data

This table includes estimates on the number of residents who are experiencing financial stress situations. You are not alone.

ItemDescriptionEstimated
Living paycheck to paycheckNumber of residents who are living paycheck to paycheck7,184
Living in povertyNumber of residents who are living in poverty1,697
Debt defaultedNumber of residents who have defaulted on a debt payment167
InsolvenciesNumber of residents who filed for insolvency38
Consumer proposalNumber of residents who filed for a consumer proposal29
Personal bankruptcyNumber of residents who filed for personal bankruptcy9

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!

Write off up to 80% of your debts Reduce debts into one affordable monthly payment Stop all collections calls No interest and charges (completely frozen) Government-legislated debt relief programs

Areas / Neighbourhoods

  • Centre-ville: The downtown area of Saint-Charles-Borromée is a vibrant hub featuring local shops, restaurants, and cultural venues. It serves as the main commercial zone and is often bustling with community events and activities.

  • Parc des Chutes: This neighborhood is known for its beautiful natural landscapes and recreational opportunities. The park includes walking trails, picnic areas, and scenic views of the nearby waterfalls, making it a popular destination for families and nature lovers.

  • Saint-Charles-Borromée Heights: Situated on elevated terrain, this area offers stunning views of the surrounding region. The neighborhood is primarily residential, known for its quiet streets and spacious homes, appealing to families seeking a peaceful environment.

  • Boul. de l’Anse: This area features a diverse range of housing options and is conveniently located near essential amenities such as schools, grocery stores, and healthcare facilities. Its proximity to parks and recreational sites makes it attractive to families and retirees alike.

  • Village historique de Val-Jalbert: Although technically a heritage site rather than a neighborhood, this historical village is close to Saint-Charles-Borromée. It showcases the cultural history of the region and attracts visitors for its preserved buildings and guided tours, providing insight into life in early Quebec.

Saint-Charles-Borromee church interior, showcasing serene architecture related to debt relief services. Debt solutions available.

Illustration of Saint-Charles-Borromee, Quebec, Canada

Cost of Living

This table provides a breakdown of various average cost-of-living expenses in Saint-Charles-Borromee, Canada to help understand the financial requirements for different living situations.

ItemDescriptionAverage 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 PriceAverage price to purchase a home$502,000
UtilitiesMonthly 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

  1. What is the average cost of living in Saint-Charles-Borromee, Quebec?
  2. How have housing prices trended in Saint-Charles-Borromee over the past few years?
  3. What are the primary economic sectors in Saint-Charles-Borromee and how do they impact job opportunities?
  4. Are there any financial assistance programs available for residents facing economic challenges in Saint-Charles-Borromee?
  5. How does the median household income in Saint-Charles-Borromee compare to other municipalities in Quebec?
  6. What are the typical expenses residents face, such as utilities, transportation, and groceries, in Saint-Charles-Borromee?
  7. What is the economic outlook for Saint-Charles-Borromee in the next five years?

If you have a question about debt see our debt related question or ask your own debt related question.

Overview

Saint-Charles-Borromée is a charming municipality located in the province of Quebec, Canada, known for its scenic landscapes and a strong sense of community. It is situated near the city of Joliette and features beautiful parks, rivers, and walking trails that make it a great place for outdoor activities. The area is rich in history and cultural heritage, with events and local festivals that celebrate its traditions and bring residents together. With a focus on family-friendly living, there are various recreational facilities, schools, and community services that contribute to the quality of life 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!

Write off up to 80% of your debts
Reduce debts into one affordable monthly payment
Stop all collections calls
No interest and charges (completely frozen)
Government-legislated debt relief programs