La Sarre
Expert Relief & Consumer Proposal Solutions
La Sarre, debt relief, Quebec
La Sarre, a quaint town in Quebec’s Abitibi-Témiscamingue region, offers a vibrant community and outdoor activities amidst its natural beauty. However, residents face financial challenges due to limited job opportunities and low wages, complicating debt management. Access to financial help and affordable goods is scarce, making it difficult for those seeking debt relief and financial stability.
City: La Sarre
Province/Territory: Quebec (QC), Canada
Est. Population: 7,719
Financial Challenges
Living in La Sarre can be tough for people who are having money problems. The city has fewer job opportunities compared to bigger places, which means it might be hard to find work that pays enough to cover bills like rent, groceries, and utilities. Sometimes, the available jobs don’t pay as much, making it difficult to save money or handle unexpected expenses. This can lead to stress and worry about making ends meet.
Additionally, accessing financial help in La Sarre might be challenging. There are fewer banks and financial advisors, so getting advice on how to manage debt or find assistance programs can be harder. Shopping for affordable goods and services can also be limited, forcing people to spend more on everyday items. All these factors make living and working in La Sarre a struggle for those dealing with money issues.
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 La Sarre, 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 | 3,628 |
| Living in poverty | Number of residents who are living in poverty | 857 |
| Debt defaulted | Number of residents who have defaulted on a debt payment | 84 |
| 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
Centre-ville (Downtown)
The heart of La Sarre, this area is bustling with shops, cafes, and restaurants. It serves as a hub for local events and cultural activities, making it a vibrant place for both residents and visitors.Quartier des Écoles
This neighborhood is primarily residential and is known for its family-friendly atmosphere. It is home to several schools, parks, and community centers, making it a great place for families with children.Secteur du Lac
A picturesque area located near Lake Pichon, this sector offers a serene environment with scenic views. It’s popular for outdoor activities like fishing and boating, appealing to nature enthusiasts.Avenue du Parc
A green space rich neighborhood, Avenue du Parc is characterized by abundant trees and parks. It offers a peaceful living environment and is ideal for those who enjoy walking or biking.Le Vieux-La Sarre
This historic area showcases some of the town’s oldest buildings and architecture. It’s known for its charming streets and small-town feel, attracting those who appreciate history and quaint surroundings.
Illustration of La Sarre, Quebec, Canada
Cost of Living
This table provides a breakdown of various average cost-of-living expenses in La Sarre, 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 La Sarre, Quebec?
- How does the job market in La Sarre compare to other cities in Quebec?
- What are the primary industries driving the economy in La Sarre?
- How have housing prices in La Sarre changed over the past few years?
- What financial assistance programs are available for residents of La Sarre?
- What are the average household incomes in La Sarre and how do they compare to provincial averages?
- How has inflation affected the cost of goods and services in La Sarre?
If you have a question about debt see our debt related question or ask your own debt related question.
Overview
La Sarre is a small town located in the Abitibi-Témiscamingue region of Quebec, Canada. It is known for its strong sense of community and outdoor activities, as it is surrounded by beautiful forests and lakes, making it a great spot for nature lovers. The town was founded in the early 20th century, primarily as a hub for the forestry industry. Today, La Sarre offers various recreational activities, including hiking, fishing, and snowmobiling, attracting both residents and visitors to experience its natural beauty. The town also boasts local cultural events that highlight its rich history and traditions, contributing to a close-knit community atmosphere.
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!