Contrecoeur
Consumer Proposals & Debt Relief Experts
Contrecoeur, debt relief, Quebec
Contrecoeur, Quebec, is a vibrant community facing challenges related to rising living costs and increased financial strain due to local developments like the port expansion. While job creation is expected, many residents may struggle with debt relief, as local resources for debt management are limited. This situation could hinder access to essential support for those needing financial assistance.
City: Contrecoeur
Province/Territory: Quebec (QC), Canada
Est. Population: 7,768
Financial Challenges
In Contrecoeur, Quebec, people who are having money problems might find it hard to afford things like housing and groceries, especially if prices go up because of new projects like the port expansion. Even though the port project can create jobs, not everyone may get a job easily, and some might still struggle to pay their bills. The increase in jobs can also lead to higher living costs, making it tougher for those already facing money issues.
Additionally, there might not be enough local places to help people manage their debts or create budgets. If the government has to spend a lot on big projects, there might be less money available for community support programs. This means that people in Contrecoeur who need financial help might find it harder to get the assistance they need to improve their situation.
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 Contrecoeur, 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 | 3,651 |
| Living in poverty | Number of residents who are living in poverty | 862 |
| Debt defaulted | Number of residents who have defaulted on a debt payment | 85 |
| Insolvencies | Number of residents who filed for insolvency | 19 |
| Consumer proposal | Number of residents who filed for a consumer proposal | 15 |
| Personal bankruptcy | Number of residents who filed for personal bankruptcy | 5 |
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 Contrecoeur: This historic area features charming buildings and heritage sites, reflecting the town’s rich past. It is known for its scenic views along the river and offers a peaceful atmosphere ideal for leisurely strolls.
Centre-Ville: The downtown area of Contrecoeur is vibrant with shops, cafes, and restaurants. It serves as the cultural and social hub of the community, hosting various local events and festivals throughout the year.
Quartier des Rivières: This residential neighborhood is known for its picturesque settings and proximity to natural parks and the river. It’s a popular place for families, providing access to outdoor activities and recreational facilities.
Les Jardins de l’Anse: A newer development, this area features modern homes and is designed with families in mind. It offers parks, playgrounds, and community spaces, making it a desirable community for young families.
Secteur du Vieux Port: Located along the river, this sector is recognized for its recreational opportunities, including walking and biking paths. It provides a tranquil environment with beautiful waterfront views, perfect for outdoor enthusiasts.
Illustration of Contrecoeur, Quebec, Canada
Cost of Living
This table provides a breakdown of various average cost-of-living expenses in Contrecoeur, 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 Contrecoeur, Quebec?
- How do housing prices in Contrecoeur compare to other nearby cities in Quebec?
- What are the employment opportunities like in Contrecoeur and the surrounding areas?
- Are there any local government programs or initiatives to assist residents with financial challenges?
- What is the economic outlook for Contrecoeur in the next few years?
- How do utility costs in Contrecoeur affect the overall cost of living for residents?
- What are the main industries contributing to the economy of Contrecoeur?
If you have a question about debt see our debt related question or ask your own debt related question.
Overview
Located along the St. Lawrence River, this small city in Quebec has a rich history and a strong community spirit. It’s known for its beautiful waterfront, parks, and recreational activities, making it a great place for families. The area is home to various local businesses and industries, which contribute to its economy. One of the major developments is the expansion of the local port, which is set to create thousands of jobs and enhance trade opportunities. Residents enjoy a mix of urban amenities and a close-knit, suburban feel, with access to schools, healthcare, and cultural events that cater to the community’s diverse interests.
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!