Saint-Felicien

Expert Debt Relief & Consumer Proposal Help

Saint-Felicien, debt relief, Quebec

Saint-Félicien, in Quebec’s Saguenay–Lac-Saint-Jean region, boasts natural beauty and a tight-knit community. However, limited job opportunities in forestry and energy can strain finances, making it difficult for residents to manage everyday expenses. High costs for housing and essentials may hinder debt relief efforts, contributing to financial instability for families in the area.

City: Saint-Felicien
Province/Territory: Quebec (QC), Canada
Est. Population: 10,278

Financial Challenges

People living in Saint-Félicien might find it hard to keep up with everyday expenses because there aren’t many different kinds of jobs available. Most jobs are in the forestry and energy projects, which can be unstable if those industries slow down. If these businesses have less work or cut back, it can be tough for families to make enough money. Additionally, the province of Quebec is dealing with big money problems, which might mean fewer services and support for people in Saint-Félicien who need help.

Working in Saint-Félicien can also be challenging if you don’t earn enough to cover things like rent, groceries, and utilities. High costs for basic needs can make it difficult to save money or pay off debts. If there aren’t many affordable housing options, people might spend most of their money just trying to have a place to live. This situation can lead to stress and make it harder for families to achieve financial stability.

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-Felicien townscape with elements symbolizing debt relief options in finance and community support.

*Illustration of Saint-Felicien, 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 paycheck4,831
Living in povertyNumber of residents who are living in poverty1,141
Debt defaultedNumber of residents who have defaulted on a debt payment112
InsolvenciesNumber of residents who filed for insolvency26
Consumer proposalNumber of residents who filed for a consumer proposal20
Personal bankruptcyNumber of residents who filed for personal bankruptcy6

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-Félicien, known for its charming boutiques, local cafes, and restaurants. It’s a vibrant hub for community events and cultural activities, making it a social hotspot.

  • Parc des Chutes: This neighborhood surrounds a beautiful park that features stunning waterfalls and walking trails. It’s a popular spot for outdoor enthusiasts and families looking to enjoy nature and recreational activities.

  • District de la Gare: Named after the historic train station, this area is characterized by its blend of residential and commercial spaces. It offers easy access to transportation and has a range of amenities including shops and services.

  • Quartier de la Rivière: Located along the rivière Ashuapmushuan, this residential area provides picturesque views and a peaceful atmosphere. It’s an ideal location for those who enjoy waterfront living and outdoor recreation such as kayaking and fishing.

  • Secteur La Loutre: A family-friendly neighborhood known for its spacious homes and close-knit community. It features parks, schools, and services that cater to residents, making it a popular choice for families.

  • Zone industrielle: This industrial area is important for the economic development of Saint-Félicien, housing various businesses and manufacturing facilities. It plays a crucial role in the employment landscape of the region.

  • Saint-Félicien environs: Surrounding the main urban area, these suburban neighborhoods offer a more rural lifestyle with larger properties and a strong connection to nature, appealing to those seeking tranquility away from the city center.

Saint-Felicien townscape with elements symbolizing debt relief options in finance and community support. Debt solutions available.

Illustration of Saint-Felicien, Quebec, Canada

Cost of Living

This table provides a breakdown of various average cost-of-living expenses in Saint-Felicien, 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-Félicien, Quebec?
  2. How does the housing market in Saint-Félicien compare to other cities in Quebec?
  3. What are the average salaries for jobs in Saint-Félicien?
  4. Are there any financial assistance programs available for residents of Saint-Félicien?
  5. What is the unemployment rate in Saint-Félicien, Quebec?
  6. How affordable are healthcare and education services in Saint-Félicien?
  7. What is the economic outlook for Saint-Félicien in the next few years?

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 is known for its rich natural beauty and outdoor activities, such as hiking, fishing, and snowmobiling. With a population of around 10,000, it provides a close-knit community atmosphere. The area has a strong forestry industry, which plays a significant role in the local economy, and is also home to a unique wildlife park that showcases local fauna. Cultural events and fairs are held throughout the year, celebrating the area’s heritage and community spirit, making it a welcoming place for both residents and visitors.



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