Mistissini

Consumer Proposals & Bankruptcy Relief Experts

Mistissini, debt relief, Quebec

Mistissini, a Cree reserve in northern Quebec, faces unique challenges related to debt relief. With a population of 3,877, residents struggle due to limited job opportunities and access to financial services. The remote location hinders economic growth and the availability of support like credit counseling, making it difficult for those facing financial difficulties to manage their expenses and seek assistance.

City: Mistissini
Province/Territory: Quebec (QC), Canada
Est. Population: 3,523

Financial Challenges

Living in Mistissini can be tough for people who are struggling with money. The community is small and remote, which means there aren’t many job opportunities available. Many residents have to rely on a few local industries for work, and when these jobs are scarce, it becomes hard to earn enough money to cover everyday expenses like food, housing, and transportation. Additionally, because Mistissini is far from bigger cities, finding higher-paying jobs or additional sources of income is more challenging.

Managing money can also be difficult in Mistissini because there are limited financial services available. People facing debt or other financial problems might not have easy access to banks, credit counselors, or other support systems that can help them get back on their feet. This makes it harder to find solutions when unexpected expenses arise or when trying to save money for the future. The combination of fewer job options and limited financial support means that living and working in Mistissini can be especially hard for those dealing with money troubles.

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


community members in Mistissini discussing debt relief options

*Illustration of Mistissini, 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 paycheck1,656
Living in povertyNumber of residents who are living in poverty391
Debt defaultedNumber of residents who have defaulted on a debt payment38
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

  • La Grande Rivière
    This area is known for its scenic beauty, located along the Great River. It’s popular for outdoor activities such as fishing, canoeing, and hiking, providing residents and visitors with a deep connection to nature.

  • Village Core
    The central village area is where you will find essential amenities, including shops, services, and community centers. It acts as a hub for social and cultural events, making it the heart of Mistissini.

  • Cree School Board Area
    This neighborhood encompasses the educational institutions in Mistissini, including schools that serve the local Cree population. It is a vital part of the community, focusing on preserving the Cree language and culture through education.

  • Chibougamau Road
    A key thoroughfare in Mistissini that links the community with neighboring regions. This area has facilities that support transport and commerce, serving as an important point of access for residents and visitors alike.

  • Cree Cultural Complex
    A significant cultural center showcasing the heritage and traditions of the Cree people. It hosts various events and activities, enhancing community pride and offering educational opportunities related to Indigenous culture.

  • Residential Zones
    Various neighborhoods comprised of family homes and community dwellings can be found throughout Mistissini, fostering a close-knit community atmosphere. These areas often have parks and recreational facilities for families to enjoy.

community members in Mistissini discussing debt relief options Debt solutions available.

Illustration of Mistissini, Quebec, Canada

Cost of Living

This table provides a breakdown of various average cost-of-living expenses in Mistissini, 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 Mistissini, Quebec?
  2. How do housing prices in Mistissini compare to other regions in Quebec?
  3. What employment opportunities are available in Mistissini for residents?
  4. What are the primary industries driving the economy in Mistissini?
  5. How do residents of Mistissini manage financial challenges such as high living costs?
  6. What financial assistance programs are available for families in Mistissini?
  7. How has the economic outlook for Mistissini changed in recent years?

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

Overview

Mistissini is a Cree reserve community located in northern Quebec, Canada, home to about 3,877 residents as of 2023, marking an increase in population since 2002. This community is situated near the Baie-James region and is surrounded by beautiful natural landscapes including forests and rivers, which are integral to the way of life for its inhabitants. The local culture is rich in Indigenous traditions and languages, with many residents actively participating in hunting, fishing, and gathering activities that are vital for their community’s sustenance and cultural heritage. The community also focuses on education and economic development, with initiatives aimed at improving the skills and opportunities available to its people.



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