Saint Stephen

Expert Debt Solutions & Consumer Proposals

Saint Stephen, debt relief, New Brunswick

Saint Stephen, a picturesque Canadian town near the U.S. border, faces financial challenges as many residents rely on fixed incomes and struggle with unexpected expenses. Limited high-paying job opportunities affect younger individuals, making debt repayment difficult. Moreover, access to debt relief resources is hindered by language barriers, complicating financial management for some community members.

City: Saint Stephen
Province/Territory: New Brunswick (NB), Canada
Est. Population: 4,415

Financial Challenges

Many people in Saint Stephen have money problems because a lot of them are older and rely on fixed incomes like pensions. This means they might struggle to pay for unexpected medical bills or everyday expenses. When something unexpected happens, it’s hard for them to manage their debts because they don’t have extra money coming in. Additionally, there are fewer young families in the town, so there might not be enough jobs to help people earn more money.

Young people and those who are working in Saint Stephen can also face financial challenges. There might not be enough high-paying jobs available, which makes it hard to pay back loans or credit card debt. Without many job opportunities, it’s difficult for them to save money or get out of debt. Also, people from different backgrounds might have trouble accessing financial help because of language barriers or limited resources in the community. This makes living and working in Saint Stephen tough for those who are struggling with money.

Debt Relief Solutions Available

Financial Planning

Financial planning means making a smart plan for your money. It helps you budget, set goals, and save for the future. With a plan in place, you can feel more in control of your money and avoid falling into debt again.

Find out more about Financial Planning

Debt Management Plan

A Debt Management Plan, or DMP, helps you pay back what you owe in one simple monthly payment. A credit expert talks to your creditors to lower your interest and make the debt easier to handle.

Find out more about Debt Management

Debt Consolidation

Debt consolidation means putting all your debts—like credit cards and loans—into one new loan. This new loan usually has a lower interest rate, which can help you save money and pay off your debt faster.

Find out more about Debt Consolidation

Debt Settlement

Debt settlement means offering less than the full amount you owe to clear your debt. Creditors may accept it because they get paid quickly. A debt settlement company usually helps with this process.

Find out more about Debt Settlement

Consumer Proposal

A consumer proposal is a legal deal between you and the people you owe. You agree to pay back part of your debt in smaller monthly payments. A Licensed Insolvency Trustee helps make the plan and talks to your creditors for you.

Find out more about Consumer Proposals

Bankruptcy

Bankruptcy is a legal way to clear most of your debts if you can’t pay them back. It gives you a fresh start, but it can also hurt your credit score for several years.

Find out more about Bankruptcy


Saint Stephen statue representing hope in debt relief initiatives, showcasing community support and financial recovery.

*Illustration of Saint Stephen, New Brunswick

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 paycheck2,075
Living in povertyNumber of residents who are living in poverty490
Debt defaultedNumber of residents who have defaulted on a debt payment48
InsolvenciesNumber of residents who filed for insolvency11
Consumer proposalNumber of residents who filed for a consumer proposal8
Personal bankruptcyNumber of residents who filed for personal bankruptcy3

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

  • Downtown Saint Stephen
    The heart of the city, Downtown Saint Stephen is known for its charming streets lined with historic buildings, local shops, and restaurants. It serves as a hub for community events and activities, featuring the picturesque Saint Croix River.

  • Loyalist Park
    A family-friendly neighborhood that offers access to outdoor recreational activities. Loyalist Park is home to green spaces, playgrounds, and walking trails, making it ideal for families and nature enthusiasts.

  • Milltown
    Located just across the border from Calais, Maine, Milltown offers a mix of residential and commercial spaces. It has a strong community feel with accessible amenities and is characterized by its bilingual population.

  • Fairfield
    A suburban neighborhood with a blend of single-family homes and more affordable housing options. Fairfield is known for its quiet residential streets, making it a peaceful area for families and retirees.

  • Saint Andrews
    Although technically a separate community, Saint Andrews is closely associated with Saint Stephen. Known for its historic architecture and beautiful waterfront, it attracts tourists and locals alike. This area is famous for its cultural offerings and scenic views.

  • Canterbury
    A small but inviting neighborhood that provides a mix of residential options. Canterbury is recognized for its community-oriented atmosphere, with parks and local amenities nearby, appealing to those who appreciate suburban living.

  • Hardscrabble
    Hardscrabble is a unique area known for its rural charm. It features larger lots and a more agricultural lifestyle, drawing those who enjoy privacy and a connection to nature, while still being close to the town center.

Saint Stephen statue representing hope in debt relief initiatives, showcasing community support and financial recovery. Debt solutions available.

Illustration of Saint Stephen, New Brunswick, Canada

Cost of Living

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

ItemDescriptionAverage Cost
Housing (1BR)Monthly rent for a 1-bedroom apartment$850
Housing (2BR)Monthly rent for a 2-bedroom apartment$1,200
Average Home PriceAverage price to purchase a home$288,000
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$850
Transportation (Car)Monthly cost for car ownership$550
Childcare (Daycare)Monthly cost for daycare$900
Childcare (After-School)Monthly cost for after-school programs$350

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 cost of living in Saint Stephen, New Brunswick compared to other cities in Canada?
  2. How are the housing prices in Saint Stephen, and are they rising or falling?
  3. What are the average salaries for common professions in Saint Stephen?
  4. What local economic factors are influencing job growth in Saint Stephen?
  5. How does the unemployment rate in Saint Stephen impact residents’ financial well-being?
  6. What financial assistance programs are available for residents facing economic challenges in Saint Stephen?
  7. What are the prospects for small businesses in Saint Stephen’s economy?

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

Overview

Located in Canada, this charming town near the U.S. border is known for its stunning landscapes and historic sites, making it an appealing destination for visitors and residents alike. With a rich history dating back to its founding in the early 19th century, the area boasts well-preserved architecture and a strong sense of community, often hosting events and festivals that celebrate its cultural heritage. The town is surrounded by natural beauty, including rivers and parks, providing ample opportunities for outdoor activities like hiking and fishing. Additionally, it serves as a gateway for cross-border travel and commerce, enhancing its friendly but bustling atmosphere.



Eliminate 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