Sainte-Therese
Expert Consumer Proposal & Bankruptcy Help
Sainte-Therese, debt help, Quebec
Sainte-Therese, 30 km north of Montreal, offers a vibrant community with parks, events, and rich history. However, rising costs for rent and food, along with higher interest rates, create financial challenges for residents. Job growth is slow, and unemployment persists, making it tough to find work. These economic pressures contribute to the need for debt relief solutions in the area.
City: Sainte-Therese
Province/Territory: Quebec (QC), Canada
Est. Population: 26,533
Financial Challenges
Living in Sainte-Therese can be tough if you’re having money problems. Prices for things like rent and food have gone up a lot, making it hard to keep up with everyday expenses. Interest rates are also higher, which means loans and credit can cost more, putting extra strain on your budget. Even though the government has tried to help by increasing some benefits, many people still find it hard to make ends meet.
Working in Sainte-Therese might also come with challenges. Jobs are not growing as fast as before, and some people are still unemployed, which makes finding a good job harder. The overall economy in the area is growing slowly, so there are fewer opportunities to earn extra money. Additionally, housing costs are rising, making it difficult to afford a home. All these factors together create a stressful situation for those trying to live and work in Sainte-Therese while dealing with financial issues.
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 Sainte-Therese, 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 | 12,471 |
Living in poverty | Number of residents who are living in poverty | 2,945 |
Debt defaulted | Number of residents who have defaulted on a debt payment | 289 |
Insolvencies | Number of residents who filed for insolvency | 66 |
Consumer proposal | Number of residents who filed for a consumer proposal | 50 |
Personal bankruptcy | Number of residents who filed for personal bankruptcy | 16 |
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 Sainte-Thérèse: This charming historic district features beautiful old buildings, quaint boutiques, and popular cafés. It’s known for its vibrant community events and cultural activities, making it a favorite among locals and visitors alike.
Bois de la Friche: A natural green space located on the northern edge of the city, Bois de la Friche is perfect for outdoor enthusiasts. With walking trails and picnic areas, it provides a peaceful retreat for families and nature lovers.
Les Promenades de Sainte-Thérèse: This shopping and commercial area offers a variety of retail stores, restaurants, and services. It’s a bustling hub where residents often gather for shopping and dining experiences.
Cité-des-Jeunes: A family-friendly neighborhood, Cité-des-Jeunes is known for its recreational facilities, parks, and schools. It’s ideal for families looking for a community-oriented environment with access to various amenities.
Lac des Deux Montagnes: This scenic waterfront area is popular for its outdoor activities, including boating and fishing. The serene views attract many residents who appreciate lakeside living and recreational opportunities.
Quartier des Arts: An area dedicated to culture and the arts, Quartier des Arts features galleries, studios, and performance spaces. It serves as a hub for artistic expression and community engagement, drawing in creative individuals and art enthusiasts.
Illustration of Sainte-Therese, Quebec, Canada
Cost of Living
This table provides a breakdown of various average cost-of-living expenses in Sainte-Therese, 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 Sainte-Therese compared to other cities in Quebec?
- How does the housing market in Sainte-Therese fluctuate in terms of price and availability?
- What are the primary financial challenges faced by residents of Sainte-Therese?
- How have local businesses in Sainte-Therese been impacted by the economic outlook in recent years?
- What resources are available for financial assistance and support for residents in Sainte-Therese?
- How does the job market in Sainte-Therese compare to the provincial average in terms of salary and opportunities?
- What trends are affecting the economic growth and development of Sainte-Therese in the coming years?
If you have a question about debt see our debt related question or ask your own debt related question.
Overview
Located about 30 kilometers north of Montreal, this city is known for its picturesque parks, community events, and rich history. Established in the 19th century, it has a strong sense of community with various cultural and recreational activities for residents of all ages. The local population enjoys a range of facilities, including schools, sports centers, and shopping areas, making it a desirable place to live. The city also hosts annual festivals that celebrate local arts and traditions, fostering a spirit of togetherness among its citizens. With a connection to nature through its green spaces and trails, it is a charming spot for outdoor enthusiasts and families alike.
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!