Saint-Denis-de-Brompton
Personal Bankruptcy Solutions
Saint-Denis-de-Brompton, debt relief, Quebec
Saint-Denis-de-Brompton, a rural community in Quebec, faces financial challenges for its 4,594 residents. Limited job opportunities necessitate commuting to Sherbrooke, increasing expenses. The cost of housing consumes significant income, while scarce financial services complicate debt management. These factors hinder residents’ ability to achieve effective debt relief and improve their financial situations.
City: Saint-Denis-de-Brompton
Province/Territory: Quebec (QC), Canada
Est. Population: 4,594
Financial Challenges
Living in Saint-Denis-de-Brompton can be tough for people who are struggling with money. There aren’t many jobs right in town, so many have to drive to nearby cities like Sherbrooke for work. This means spending more money on gas and taking care of their cars, which can make their budgets even tighter. Plus, if something goes wrong with transportation, it can be hard to get help quickly.
Another challenge is finding affordable places to live. Even though it’s a smaller community, the cost of renting or buying a home can still take up a big part of someone’s income. Additionally, there aren’t many banks or financial services nearby, so getting loans or managing debts can be more complicated. All of these factors together make it hard for people in Saint-Denis-de-Brompton to manage their finances and find ways to improve their situations.
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-Denis-de-Brompton, 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 | 2,159 |
| Living in poverty | Number of residents who are living in poverty | 510 |
| Debt defaulted | Number of residents who have defaulted on a debt payment | 50 |
| Insolvencies | Number of residents who filed for insolvency | 11 |
| Consumer proposal | Number of residents who filed for a consumer proposal | 9 |
| Personal bankruptcy | Number of residents who filed for personal bankruptcy | 3 |
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 is the heart of Saint-Denis-de-Brompton, featuring local shops, cafes, and essential services. The vibrant atmosphere makes it a hub for social activities and community events.
Lac Brompton: A picturesque area known for its beautiful lake and recreational activities. Residents and visitors enjoy swimming, boating, and relaxing along the shores, making it a popular spot for nature lovers.
Chemin des Pères: A charming, residential neighborhood characterized by its quiet streets and family-friendly environment. This area offers a mix of suburban living and access to outdoor activities typical of rural Quebec.
Parc des Pionniers: A local park that serves as a gathering spot for families and recreational events. It features playgrounds, walking trails, and sport facilities, making it a vital part of community life in Saint-Denis-de-Brompton.
Rue Principale: The main street of the town, lined with boutiques and restaurants. It’s a lively area where residents can enjoy shopping and dining while participating in local cultural events throughout the year.
Illustration of Saint-Denis-de-Brompton, Quebec, Canada
Cost of Living
This table provides a breakdown of various average cost-of-living expenses in Saint-Denis-de-Brompton, 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-Denis-de-Brompton?
- How does the cost of housing in Saint-Denis-de-Brompton compare to nearby cities?
- What are the main economic activities or industries in Saint-Denis-de-Brompton?
- What is the job market like in Saint-Denis-de-Brompton?
- Are there any financial assistance programs available for residents in Saint-Denis-de-Brompton?
- How have property values changed in Saint-Denis-de-Brompton over the past few years?
- What challenges do residents of Saint-Denis-de-Brompton face in terms of financial stability?
If you have a question about debt see our debt related question or ask your own debt related question.
Overview
Saint-Denis-de-Brompton is a small rural community located in the Eastern Townships of Quebec, Canada, with a population of about 4,594 residents according to the 2021 Census. The town is part of the Le Val-Saint-François Regional County Municipality and covers an area of approximately 70.29 square kilometers, resulting in a moderate population density. Surrounded by beautiful landscapes and nature, it offers residents a peaceful environment with access to outdoor activities such as hiking and fishing. The town maintains a sense of community with local events and services, enabling residents to connect and participate actively in the life of their municipality. Being close to the city of Sherbrooke, which is just about 30 kilometers away, provides additional amenities and employment opportunities while still preserving the charm of rural living.
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!