Perth East

Expert Solutions & Consumer Proposal Assistance

Perth East, debt relief, Ontario

Perth East, Ontario, is a tight-knit community with a strong agricultural economy and beautiful landscapes. However, many families struggle financially, earning less than the living wage and facing high costs of living, including housing and taxes. Job security is a concern due to fluctuating industries. These factors contribute to stress, making debt relief options like consumer proposals and credit counselling crucial for residents.

City: Perth East
Province/Territory: Ontario (ON), Canada
Est. Population: 12,261

Financial Challenges

Living in Perth East, Ontario can be tough for people who don’t have much money. Many families earn less than the living wage, making it hard to pay for things like rent, groceries, and bills. When something unexpected happens, like a car breaking down or needing medical care, it can be very stressful because there isn’t enough saved up to handle it. High costs for maintaining homes and paying property taxes add to the financial pressure, making it hard to keep up with everyday expenses.

Finding a good job in Perth East might seem okay because unemployment is low, but some industries, like manufacturing, can lose jobs if the economy changes. This means people might worry about their job security and have trouble finding new work if they lose their jobs. The cost of living, including housing and other expenses, makes it difficult for those already struggling with money to improve their situation. All these challenges can make living and working in Perth East stressful for people who are having money problems.

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 Planning

Debt 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 Management

Debt 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 Consolidation

Debt 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 Settlement

Consumer 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 Proposals

Bankruptcy

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


Perth East landscape with financial planning tools representing debt relief solutions.

*Illustration of Perth East, Ontario

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 paycheck5,763
Living in povertyNumber of residents who are living in poverty1,361
Debt defaultedNumber of residents who have defaulted on a debt payment134
InsolvenciesNumber of residents who filed for insolvency31
Consumer proposalNumber of residents who filed for a consumer proposal23
Personal bankruptcyNumber of residents who filed for personal bankruptcy7

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

  • Mitchell: A charming small town known for its strong sense of community, Mitchell has a vibrant downtown area with local shops, restaurants, and cultural events. The town is famous for its annual Mitchell Men’s Fastball Tournament, bringing in visitors from afar.

  • Sebringville: This quaint community is nestled along the historic Canadian National Railway line. Sebringville offers a serene environment, often attracting those looking for a slower-paced lifestyle. It’s near beautiful parks and recreational trails.

  • Shakespeare: Known for its beautiful landscapes and close-knit community, Shakespeare features a mix of farms and residential areas. The town often hosts community events and offers amenities such as parks and local dining options.

  • Harrington: A small village known for its picturesque rural setting, Harrington is characterized by its beautiful farms and open spaces. It’s a peaceful area, ideal for those who enjoy outdoor activities and a quieter way of life.

  • St. Marys: Although located just outside of Perth East, St. Marys is a neighboring community worth mentioning. It boasts historical architecture, museums, and parks. The town is known for its recreational facilities, including sports fields and trails.

  • Kirkton: A small but vibrant community that offers a rural lifestyle with a close community feel. Kirkton features local businesses and is surrounded by agricultural land, making it ideal for those who enjoy a country setting.

  • Brunner: Brunner is a small village known for its agricultural roots and friendly atmosphere. It features beautiful rural views and is conveniently located near the larger town of Mitchell for additional amenities.

Perth East landscape with financial planning tools representing debt relief solutions. Debt solutions available.

Illustration of Perth East, Ontario, Canada

Cost of Living

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

ItemDescriptionAverage 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 PriceAverage price to purchase a home$885,000
UtilitiesMonthly 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

  1. What is the average cost of living in Perth East, Ontario?
  2. How does the job market in Perth East compare to other regions in Ontario?
  3. What are the average home prices in Perth East and how have they changed over the years?
  4. What financial assistance programs are available for residents of Perth East?
  5. What are the primary economic drivers in Perth East and how do they impact local employment?
  6. How does the cost of utilities in Perth East affect the overall affordability for residents?
  7. What financial challenges do residents of Perth East typically face, and what resources are available to help?

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

Overview

Perth East is a small township located in Ontario, Canada, known for its friendly community and scenic landscapes. It is characterized by its rich agricultural roots, where farming plays a significant role in the local economy. The area is home to various parks, outdoor activities, and historical sites, making it a nice place for both residents and visitors to enjoy nature and local culture. The township also hosts several events throughout the year that bring the community together, showcasing the talent and creativity of its residents.



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