Saint-Hippolyte
Debt Relief & Consumer Proposal Services
Saint-Hippolyte, debt relief, Quebec
Saint-Hippolyte, located in the picturesque Laurentians, is admired for its scenic beauty and vibrant community life. However, residents often face financial challenges due to limited job opportunities and access to financial services, making it difficult to manage debts and cover everyday expenses. The lack of debt relief resources further complicates their ability to achieve financial stability.
City: Saint-Hippolyte
Province/Territory: Quebec (QC), Canada
Est. Population: 8,083
Financial Challenges
Living and working in Saint-Hippolyte, Quebec can be hard for people who don’t have much money. One big challenge is finding good jobs. Many jobs might be in farming or small shops, and they might not pay enough to cover all the bills. Without enough money coming in, it can be tough to afford things like rent, food, and other everyday needs.
Another problem is that there aren’t many places to get help with money issues. In a small town like Saint-Hippolyte, there might not be many banks or financial services nearby. This makes it difficult for people to get loans or manage their debts. Also, if something unexpected happens, like a car repair or a medical bill, there might not be enough support to help cover those costs. All these factors make it challenging for people in Saint-Hippolyte to stay financially stable.
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-Hippolyte, 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 | 3,799 |
| Living in poverty | Number of residents who are living in poverty | 897 |
| Debt defaulted | Number of residents who have defaulted on a debt payment | 88 |
| Insolvencies | Number of residents who filed for insolvency | 20 |
| Consumer proposal | Number of residents who filed for a consumer proposal | 15 |
| Personal bankruptcy | Number of residents who filed for personal bankruptcy | 5 |
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
Sainte-Hippolyte Village: This quaint village area is characterized by its charming architecture, local shops, and community events. Residents enjoy a sense of community and vibrant local culture.
Lac des Sables: A popular area known for its beautiful waterfront views and recreational activities. It offers opportunities for swimming, kayaking, and enjoying nature, making it a favorite spot during the warmer months.
Domaine de la Forêt: A picturesque neighbourhood surrounded by nature, this area features larger lots and easy access to walking and biking trails, appealing to those who appreciate outdoor living.
Piedmont: Known for its scenic landscapes, Piedmont is favored by outdoor enthusiasts for its ski resorts and hiking trails. The residential vibe here is serene and family-friendly.
Rue de la Montagne: This area is characterized by its spacious properties and proximity to natural attractions. It’s a sought-after location for those looking for a tranquil lifestyle away from urban bustle.
Les Cèdres: A well-established residential area featuring a mix of modern and traditional homes. It provides a peaceful environment with easy access to local amenities and community services.
Illustration of Saint-Hippolyte, Quebec, Canada
Cost of Living
This table provides a breakdown of various average cost-of-living expenses in Saint-Hippolyte, 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 Saint-Hippolyte, Quebec?
- How does the housing market in Saint-Hippolyte compare to nearby cities?
- What are the average salaries and job opportunities in Saint-Hippolyte?
- Are there any financial assistance programs available for low-income residents in Saint-Hippolyte?
- How has the economic outlook for Saint-Hippolyte changed in recent years?
- What are the main financial challenges faced by residents in Saint-Hippolyte?
- How do property taxes in Saint-Hippolyte compare to the provincial average?
If you have a question about debt see our debt related question or ask your own debt related question.
Overview
Located in the Laurentians region, this charming community is known for its beautiful natural landscapes, including forests, lakes, and mountains, making it a popular destination for outdoor activities such as hiking, skiing, and fishing. The area is rich in history, with roots dating back to the early 19th century, and it offers a small-town atmosphere where residents enjoy a close-knit community and various cultural events throughout the year. With a mix of year-round residents and seasonal visitors, the location provides a peaceful escape from the hustle and bustle of larger cities while still being within reach of urban amenities.
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!