Saint-Philippe
Expert Debt Solutions & Consumer Proposals
Saint-Philippe, debt relief, Quebec
Saint-Philippe, Quebec, combines rural charm with urban access, making it an appealing place to live. However, residents face financial challenges, including limited access to debt relief services and job instability due to economic fluctuations. Difficulties in managing debt can lead to increased stress, exacerbated by potential cuts in local services like healthcare and education, impacting the community’s overall well-being.
City: Saint-Philippe
Province/Territory: Quebec (QC), Canada
Est. Population: 7,597
Financial Challenges
Living in Saint-Philippe can be tough if you’re having money problems. The local government might have less money to spend on things like healthcare and schools because the province of Quebec is trying to fix its big budget issues. This means you might have to wait longer for medical help or see bigger classes in schools. Also, if your family relies on jobs in industries like forestry, any problems in those areas, such as wildfires or less demand for wood, can make it harder to find work or keep your current job.
When money is tight, managing debts can add more stress. In Saint-Philippe, there might not be many financial advisors or debt help centers nearby, so finding someone to help you with loans or credit card debt could be difficult. Plus, if the economy isn’t doing well, there might be fewer job opportunities, making it harder to earn enough money to pay bills and save. All these challenges can make everyday life harder for people struggling with money in Saint-Philippe.
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-Philippe, 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 | 3,571 |
| Living in poverty | Number of residents who are living in poverty | 843 |
| Debt defaulted | Number of residents who have defaulted on a debt payment | 83 |
| Insolvencies | Number of residents who filed for insolvency | 19 |
| Consumer proposal | Number of residents who filed for a consumer proposal | 14 |
| 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
Vieux Saint-Philippe
A charming historic area that features beautiful architecture and a quaint atmosphere. It is known for its community events and local gatherings, making it a popular spot for residents and visitors alike.Village de Saint-Philippe
The heart of the community, this village center offers essential amenities including shops, restaurants, and parks. It fosters a friendly, small-town feel and serves as a hub for local activities.La Prairie River Area
This scenic area along the La Prairie River is popular for outdoor enthusiasts. It includes walking paths, picnic spots, and is a favorite for fishing and nature photography, providing a perfect escape into nature.Chemin du Ruisseau
A residential neighborhood known for its spacious homes and family-friendly environment. This area features tree-lined streets and proximity to schools and recreational facilities, making it ideal for families.Parc des Mésanges
A popular community park that offers various recreational facilities, including playgrounds, sports fields, and picnic areas. It serves as a gathering place for families and hosts seasonal events throughout the year.
Illustration of Saint-Philippe, Quebec, Canada
Cost of Living
This table provides a breakdown of various average cost-of-living expenses in Saint-Philippe, 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-Philippe, Quebec?
- How does the housing market in Saint-Philippe compare to other cities in Quebec?
- What employment opportunities are available in Saint-Philippe for residents?
- What are the average salaries for various professions in Saint-Philippe?
- How do property taxes in Saint-Philippe impact residents’ financial situations?
- What financial assistance programs are available for low-income families in Saint-Philippe?
- What is the economic outlook for Saint-Philippe 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
Located in Quebec, this community offers a unique blend of rural charm and urban access due to its proximity to Montreal. The area is characterized by picturesque landscapes, including farmland and green spaces, providing a peaceful atmosphere for families and individuals alike. The local population enjoys various recreational activities, including parks and outdoor events, catering to both community engagement and leisure. There are also several schools and services that contribute to a supportive environment for residents, making it a desirable place to live. The community fosters a sense of belonging, with events and activities that highlight local culture and heritage.
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!