Chertsey
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Chertsey, debt relief, Quebec
Chertsey, Quebec, a tranquil residential community, faces significant financial challenges, particularly for its older population reliant on fixed incomes. High living costs, limited job opportunities, and scarce financial services hinder effective debt management and relief. Residents struggle with healthcare and housing expenses, increasing their financial stress and making debt repayment a substantial challenge.
City: Chertsey
Province/Territory: Quebec (QC), Canada
Est. Population: 4,836
Financial Challenges
Chertsey, Quebec has financial challenges that make it tough for people who are struggling with money. A lot of the people living there are older and retired, which means they depend on fixed incomes. This can make it hard to pay off debts, especially when things like healthcare and housing costs are high. With fewer young people in the community, there are not many job opportunities, which means it’s harder for people to earn enough money to cover their bills and debts.
Additionally, because Chertsey is a small town, there aren’t many banks or financial services available to help people manage their money problems. This lack of support makes it harder for individuals to find ways to get out of debt. High living costs combined with limited income sources can make everyday expenses a big struggle, causing more stress for those trying to keep up with their financial responsibilities.
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 PlanningDebt 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 ManagementDebt 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 ConsolidationDebt 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 SettlementConsumer 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 ProposalsBankruptcy
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
*Illustration of Chertsey, 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 | 2,273 |
| Living in poverty | Number of residents who are living in poverty | 537 |
| Debt defaulted | Number of residents who have defaulted on a debt payment | 53 |
| Insolvencies | Number of residents who filed for insolvency | 12 |
| Consumer proposal | Number of residents who filed for a consumer proposal | 9 |
| Personal bankruptcy | Number of residents who filed for personal bankruptcy | 3 |
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.
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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
Chertsey Village: This area serves as the heart of the community, featuring local shops, cafes, and essential services. It has a charming small-town feel, with a strong sense of community and regular local events.
Lac Clermoustier: Known for its beautiful waterfront, Lac Clermoustier is a popular spot for outdoor activities like swimming, fishing, and boating. It attracts both residents and visitors looking to enjoy nature.
Lac des Fées: Nestled in nature, this neighborhood is renowned for its scenic views and tranquil atmosphere. It’s a sought-after area for those looking for a peaceful retreat with access to recreational activities.
Chemin des Deux-Lacs: A picturesque area characterized by its winding roads and proximity to several lakes. It’s ideal for families and individuals who appreciate outdoor leisure and nature walks.
Saint-Jean: This neighborhood features larger properties and is favored by those seeking a more rural lifestyle while still having access to community amenities. It’s known for its beautiful landscapes and quiet surroundings.
Hautes-Laurentides: Located on the outskirts of Chertsey, this area offers a blend of serene nature and outdoor adventure. It’s popular among nature enthusiasts and those interested in hiking, cycling, and skiing in winter.
Illustration of Chertsey, Quebec, Canada
Cost of Living
This table provides a breakdown of various average cost-of-living expenses in Chertsey, 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 current cost of living in Chertsey, Quebec?
- How do house prices in Chertsey compare to other regions in Quebec?
- What are the main economic drivers in Chertsey?
- What financial resources are available for residents facing economic challenges in Chertsey?
- How does the average income in Chertsey compare to the provincial average in Quebec?
- What local government initiatives are in place to support economic growth in Chertsey?
- Are there any recent trends in employment opportunities in Chertsey?
If you have a question about debt see our debt related question or ask your own debt related question.
Overview
Chertsey, located in Quebec, Canada, is predominantly a residential community nestled near the picturesque Lac des Écorces. With a population of approximately 5,295, the town features a tranquil environment that appeals to nature lovers and those seeking a peaceful lifestyle. Its natural surroundings provide numerous outdoor activities, such as hiking, fishing, and canoeing. The town’s demographic is characterized by an older population, with a significant percentage of residents being seniors, which contributes to a calm, family-oriented atmosphere. The area is well-suited for those interested in a slower pace of life while being only a short drive away from larger urban centers, allowing for easy access to essential services and amenities.
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!