East Angus

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East Angus, debt relief, Quebec

East Angus, a small town in Quebec, faces economic challenges that impact residents seeking debt relief. With limited job opportunities and a slow-growing economy, unemployment is rising, making it tough to find affordable housing. Government debt further complicates the situation, reducing funding for essential services like schools and healthcare, leaving struggling individuals in need of support.

City: East Angus
Province/Territory: Quebec (QC), Canada
Est. Population: 3,741

Financial Challenges

Living in East Angus can be tough for people who are having money problems. Job opportunities are limited because the economy in Quebec is growing very slowly, and more people are becoming unemployed each year. Local businesses, like the factory that makes mining tools, sometimes need extra help from the government to stay open, which means there aren’t always enough jobs available for everyone.

Finding affordable housing is another big challenge. Even though some new homes have been built for people with disabilities, there are still not enough affordable places for everyone who needs them. On top of that, the government has a lot of debt, so there is less money available for important services like schools and healthcare. This makes it harder for people who are struggling to get the support they need.

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


East Angus landscape view representing local resources for debt relief options.

*Illustration of East Angus, Quebec

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 paycheck1,758
Living in povertyNumber of residents who are living in poverty415
Debt defaultedNumber of residents who have defaulted on a debt payment41
InsolvenciesNumber of residents who filed for insolvency9
Consumer proposalNumber of residents who filed for a consumer proposal7
Personal bankruptcyNumber of residents who filed for personal bankruptcy2

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

  • Centre-ville d’East Angus
    The heart of East Angus, this area features a mix of shops, restaurants, and local businesses. It serves as a cultural and social hub, often hosting community events and gatherings.

  • Quartier des Pionniers
    Known for its historical significance, this neighborhood showcases many preserved buildings and landmarks. It’s a great area for those interested in the rich history of East Angus.

  • Secteur des Lauriers
    A family-friendly neighborhood with ample green spaces and playgrounds. It is popular among families due to its quiet streets and community-oriented atmosphere.

  • Le Parc des Chutes
    This scenic area is centered around a beautiful waterfall and park. It offers walking trails, picnic spots, and recreational facilities, making it a favorite for outdoor enthusiasts.

  • Rue Principale
    A bustling commercial street lined with various shops, cafes, and services. This area is known for its vibrant atmosphere and is frequented by locals for shopping and dining.

  • Secteur de la Gare
    An area rich in transportation history, featuring the old train station. It’s a charming neighborhood with unique architecture and is conveniently located near the main routes.

  • Quartier de la Rivière
    Located alongside the river, this picturesque neighborhood offers stunning views and a tranquil environment. It’s ideal for those seeking peaceful waterfront living.

East Angus landscape view representing local resources for debt relief options. Debt solutions available.

Illustration of East Angus, Quebec, Canada

Cost of Living

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

ItemDescriptionAverage 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 PriceAverage price to purchase a home$502,000
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$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

  1. What is the average cost of living in East Angus, Quebec?
  2. How do housing prices in East Angus compare to other cities in Quebec?
  3. What are the main sources of employment and income for residents in East Angus?
  4. Are there any economic development initiatives currently in progress in East Angus?
  5. What financial assistance programs are available for residents facing economic hardships in East Angus?
  6. How has the economic outlook for East Angus changed over the past few years?
  7. What are the most common financial challenges faced by residents in East Angus?

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

Overview

East Angus is a small town located in the Eastern Townships region of Quebec, known for its rich history and connection to the mining industry. Originally established as a hub for the textile and railroad industries in the late 19th century, it has since evolved with a focus on manufacturing, particularly in mining equipment. The town features a close-knit community where residents can enjoy outdoor activities in the nearby mountains, parks, and rivers, making it a pleasant place for families. Local events and cultural activities, often linked to its historical roots, provide a glimpse into the town’s heritage, while community projects aim to improve living conditions for its residents.



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