Edwardsburgh/Cardinal
Debt Relief Solutions & Expert Help
Edwardsburgh/Cardinal, debt relief, Ontario
Edwardsburgh/Cardinal, a township in Eastern Ontario, blends rich history and natural beauty with community spirit. While it offers recreational activities and local events, residents face challenges from rising taxes and housing costs. For those struggling with debt, options such as debt relief plans may help manage financial burdens amid increasing living expenses and community development efforts.
City: Edwardsburgh/Cardinal
Province/Territory: Ontario (ON), Canada
Est. Population: 6,959
Financial Challenges
Living in Edwardsburgh/Cardinal can be tough if you’re having money problems. The town has increased taxes to help pay for roads and other important things, which means families have to spend more of their money each month. Also, the cost of houses is going up because more people want to live here, but new homes are not being built quickly enough. This makes it harder for people to find affordable places to live. On top of that, even though there are new jobs coming in from big projects like battery storage and factories, the prices for everyday things might also go up, making it hard to keep up with expenses.
For those struggling with debt, there are some options to help manage money better. The town is investing a lot in fixing and improving things like water systems and bridges, but this can mean more taxes in the future. If someone has debts, they might need to look into plans that can reduce what they owe without having to declare bankruptcy. Balancing the need for better services and keeping living costs down is a big challenge for everyone in Edwardsburgh/Cardinal, especially for those who are already finding it hard to make ends meet.
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 Edwardsburgh/Cardinal, Ontario
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 | 3,271 |
| Living in poverty | Number of residents who are living in poverty | 772 |
| Debt defaulted | Number of residents who have defaulted on a debt payment | 76 |
| Insolvencies | Number of residents who filed for insolvency | 17 |
| Consumer proposal | Number of residents who filed for a consumer proposal | 13 |
| Personal bankruptcy | Number of residents who filed for personal bankruptcy | 4 |
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
Cardinal
A small community along the St. Lawrence River, Cardinal is known for its picturesque waterfront and recreational activities. The town offers a tight-knit atmosphere with local amenities and easy access to outdoor activities, making it a popular choice for families.
Edwardsburgh
This charming rural area is characterized by its agricultural roots and scenic landscapes. Edwardsburgh features a mix of residential homes and farmland, providing a serene environment for those who prefer a quieter lifestyle. The community often engages in local events that celebrate its heritage.
Iroquois
Located within the township, Iroquois is a quaint community that boasts beautiful views of the river. It is known for its friendly spirit and community events. The area provides residents with a peaceful suburban environment while still being close to essential services.
Riverside
A neighbourhood that offers a blend of residential living and leisure opportunities, Riverside is situated close to natural features such as parks and waterways. Its family-friendly atmosphere and access to recreational facilities make it a desirable place for many.
Bainsville
A small village with a welcoming community, Bainsville is noted for its historical significance and close-knit feel. Located near the Canada-U.S. border, it provides a unique blend of cultural influences and is considered a peaceful residential area.
Illustration of Edwardsburgh/Cardinal, Ontario, Canada
Cost of Living
This table provides a breakdown of various average cost-of-living expenses in Edwardsburgh/Cardinal, Canada to help understand the financial requirements for different living situations.
| Item | Description | Average Cost |
|---|---|---|
| Housing (1BR) | Monthly rent for a 1-bedroom apartment | $2,400 |
| Housing (2BR) | Monthly rent for a 2-bedroom apartment | $3,000 |
| Average Home Price | Average price to purchase a home | $885,000 |
| Utilities | Monthly cost for electricity, heating, water, and garbage | $145 |
| Food (Single) | Monthly grocery cost for a single person | $350 |
| Food (Family) | Monthly grocery cost for a family of four | $1,000 |
| 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 | $2,400 |
| Transportation (Car) | Monthly cost for car ownership | $650 |
| Childcare (Daycare) | Monthly cost for daycare | $1,250 |
| Childcare (After-School) | Monthly cost for after-school programs | $400 |
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 Edwardsburgh/Cardinal compared to nearby municipalities?
- How does the job market in Edwardsburgh/Cardinal impact financial opportunities for residents?
- What are the common financial challenges faced by residents in Edwardsburgh/Cardinal?
- What are the average home prices and rental rates in Edwardsburgh/Cardinal?
- How do utility costs in Edwardsburgh/Cardinal compare to other areas in Ontario?
- What economic development initiatives are currently in place to improve the financial outlook in Edwardsburgh/Cardinal?
- How does the cost of groceries and essential goods in Edwardsburgh/Cardinal compare to larger cities?
If you have a question about debt see our debt related question or ask your own debt related question.
Overview
Located in Eastern Ontario, this township features a mix of rich history, natural beauty, and a strong sense of community. The area is characterized by its accessibility to waterways, including the St. Lawrence River, which offers recreational activities like boating and fishing. Residents enjoy local parks and outdoor spaces, making it a great place for families. The community is also home to various events and festivals throughout the year, showcasing local culture and traditions. With a close-knit atmosphere, residents often rally together for community initiatives and support local businesses, contributing to a friendly environment.
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!