Saint-André-Avellin
Debt Solutions for Financial Freedom
Saint-Andre-Avellin, debt relief, Quebec
Saint-André-Avellin, a small Quebec municipality of about 3,900 residents, faces significant financial challenges. With a median age of 54 and many older residents on fixed incomes, managing rising costs becomes difficult. The increasing unemployment rate, compounded by trade issues, leads many to consider debt relief options like consumer proposals and debt consolidation to cope with financial strain.
City: Saint-Andre-Avellin
Province/Territory: Quebec (QC), Canada
Est. Population: 3,749
Financial Challenges
Many people in Saint-André-Avellin have trouble managing their money because the average household doesn’t earn as much as in other parts of Quebec. With a median age of 54, many residents are older and rely on fixed incomes, which makes it hard to keep up with rising costs like healthcare and everyday expenses. This means that families have less extra money to save or spend on things they need.
On top of that, more people are losing their jobs because the unemployment rate is going up. The trade problems with the United States have made it harder for local businesses to sell their products, which can lead to fewer job opportunities. When people lose their jobs or can’t earn enough, they might have to take out loans or go into debt just to make ends meet. This makes living and working in Saint-André-Avellin even more difficult for those already facing money problems.
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 PlanningDebt 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 ManagementDebt 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 ConsolidationDebt 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 SettlementConsumer 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 ProposalsBankruptcy
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
*Illustration of Saint-Andre-Avellin, 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 | 1,762 |
| Living in poverty | Number of residents who are living in poverty | 416 |
| Debt defaulted | Number of residents who have defaulted on a debt payment | 41 |
| Insolvencies | Number of residents who filed for insolvency | 9 |
| Consumer proposal | Number of residents who filed for a consumer proposal | 7 |
| Personal bankruptcy | Number of residents who filed for personal bankruptcy | 2 |
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: This area forms the heart of Saint-Andre-Avellin, featuring a mix of local businesses, cafes, and community services. It serves as a hub for cultural activities and local events, making it a vibrant spot for residents and visitors alike.
Rue des Écoles: Located near local schools, this neighborhood is well-suited for families, offering a safe community atmosphere. It has parks and playgrounds, making it a popular choice for those with children.
Le Petit Parc: A quaint and family-friendly neighborhood, known for its scenic park that offers recreational facilities. It’s a great place for outdoor activities and community gatherings, fostering a close-knit community spirit.
Lac des Écorces: This area is known for its natural beauty, surrounding a picturesque lake that attracts nature enthusiasts and water sports lovers. It offers peaceful living with access to outdoor activities like fishing, kayaking, and hiking.
Chemin de la Rivière: Nestled along the river, this neighborhood provides a tranquil setting with stunning water views. It’s popular among those seeking a blend of nature and convenience, with easy access to walking trails and local amenities.
Illustration of Saint-Andre-Avellin, Quebec, Canada
Cost of Living
This table provides a breakdown of various average cost-of-living expenses in Saint-Andre-Avellin, 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 Saint-Andre-Avellin compared to other towns in Quebec?
- How does the economic outlook for Saint-Andre-Avellin impact local job opportunities and wages?
- What financial assistance programs are available for residents facing economic challenges in Saint-Andre-Avellin?
- What are the current housing prices and rental rates in Saint-Andre-Avellin?
- How do taxes in Saint-Andre-Avellin compare with those in neighboring municipalities?
- What local businesses contribute most to the economy of Saint-Andre-Avellin?
- Are there resources for financial planning and budgeting available for residents of Saint-Andre-Avellin?
If you have a question about debt see our debt related question or ask your own debt related question.
Overview
Located in Quebec, this small municipality has a population of around 3,900 people and is known for its rich history and beautiful natural surroundings. The community is primarily French-speaking, reflecting the cultural heritage of the region. With a median age of 54, the town is home to many older residents, contributing to a relaxed pace of life. It features outdoor recreational activities like hiking and fishing, making it an attractive spot for nature lovers. The local economy includes various small businesses and some agricultural activities, creating a close-knit community atmosphere.
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!