Plessisville

Expert Debt Solutions & Consumer Proposals

Plessisville, debt relief, Quebec

Plessisville, located in Coeur-du-Québec, is known for its agricultural heritage, particularly maple syrup production. With a population of about 6,800, it faces economic challenges due to its reliance on farming, leaving many vulnerable to job loss from adverse weather or price drops. Limited job diversity and financial resources hinder residents in managing debt, necessitating effective debt relief options.

City: Plessisville
Province/Territory: Quebec (QC), Canada
Est. Population: 7,028

Financial Challenges

Living and working in Plessisville can be hard for people who are having money problems. The city mainly depends on farming and making maple syrup. If there are bad weather conditions or if the prices for these products drop, many people might lose their jobs or earn less money. There aren’t a lot of different kinds of jobs available, so finding work outside of farming can be difficult. Also, many young people move to bigger cities to find better opportunities, leaving fewer workers and making it harder for local businesses to thrive.

Another challenge is that there are not many places to get financial help in Plessisville. Banks and debt counseling services might be limited, making it tough for people to manage their money or get loans when they need them. Even though the cost of living is lower than in big cities, paying for things like rent, food, and transportation can still be a struggle without a steady income. Additionally, there may not be enough affordable housing options, which adds to the financial stress for those trying to make ends meet.

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 Planning

Debt 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.

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Debt 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 Consolidation

Debt 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 Settlement

Consumer 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 Proposals

Bankruptcy

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


Plessisville residents exploring options for debt relief services and financial guidance.

*Illustration of Plessisville, 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 paycheck3,303
Living in povertyNumber of residents who are living in poverty780
Debt defaultedNumber of residents who have defaulted on a debt payment77
InsolvenciesNumber of residents who filed for insolvency18
Consumer proposalNumber of residents who filed for a consumer proposal13
Personal bankruptcyNumber of residents who filed for personal bankruptcy4

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

  • Downtown Plessisville
    The heart of the city, Downtown Plessisville features a vibrant mix of shops, restaurants, and cultural attractions. It is known for its quaint streets and community events, making it a hub for social activities.

  • Les Jardins du Roy
    This residential neighborhood is known for its green spaces and family-friendly atmosphere. The area features parks and playgrounds, providing a perfect environment for families and outdoor enthusiasts.

  • Lac-à-la-Truite
    A picturesque area located near a small lake, Lac-à-la-Truite offers a serene setting with opportunities for fishing, walking, and enjoying nature. It’s a popular spot for locals looking to unwind and relax.

  • Parc des Vétérans
    This neighborhood is centered around a community park dedicated to veterans. It provides recreational facilities and is a gathering place for community events and celebrations.

  • Rue des Écoles
    Close to several educational institutions, Rue des Écoles is a family-oriented neighborhood with easy access to schools and amenities. It is popular among families with school-aged children.

  • Saint-Germain
    A quieter residential area with a mix of older and newer homes, Saint-Germain features a strong sense of community and is known for its friendly atmosphere. It offers a good balance of residential living close to local amenities.

Plessisville residents exploring options for debt relief services and financial guidance. Debt solutions available.

Illustration of Plessisville, Quebec, Canada

Cost of Living

This table provides a breakdown of various average cost-of-living expenses in Plessisville, 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 Plessisville, Quebec?
  2. How do property taxes in Plessisville compare to other cities in Quebec?
  3. What are the main sources of employment in Plessisville, and how do they impact the local economy?
  4. Are there any financial assistance programs available for residents of Plessisville facing economic hardship?
  5. What is the average household income in Plessisville, and how does it affect the local standard of living?
  6. How has the economic outlook for Plessisville changed in recent years?
  7. What challenges do residents of Plessisville face in terms of housing affordability?

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

Overview

Located in the Coeur-du-Québec region and about 95 kilometers south of Québec City, this town is known for its rich agricultural heritage, particularly as the “world capital of maple syrup.” With a population of around 6,800, it thrives on farming and has more than 65 different industries. The town benefits from its strategic location near Highway 20, which connects major urban centers, making it accessible for transportation and trade. Outdoor enthusiasts can enjoy various recreational activities, including boating and fishing, while the annual Maple Festival attracts visitors, celebrating the local culture and traditions.



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