Saint-Lambert-de-Lauzon
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Saint-Lambert-de-Lauzon, debt relief, Quebec
Saint-Lambert-de-Lauzon, in Quebec’s Chaudière-Appalaches region, offers outdoor activities and community spirit but poses money challenges for residents. Environmental projects and potential tax increases strain budgets, while limited affordable housing and job opportunities worsen financial struggles. These factors complicate debt relief options for those facing economic hardships.
City: Saint-Lambert-de-Lauzon
Province/Territory: Quebec (QC), Canada
Est. Population: 6,817
Financial Challenges
Living in Saint-Lambert-de-Lauzon can be tough for people who are having money problems. One big challenge is that the city needs to spend a lot of money on projects to keep the environment clean, like improving water quality. These costs might lead to higher taxes or fees, making it harder for people to afford their everyday needs. If there aren’t many affordable housing options, rent or mortgage payments can take up a large part of someone’s budget.
Another problem is finding good jobs. If the local economy relies mostly on specific industries, there might not be enough jobs available for everyone. This can make it difficult for people to earn enough money to pay bills and buy things they need. Additionally, if jobs don’t pay well, people might struggle to save money or deal with unexpected expenses. All these factors together can make it hard for someone with money problems to live and work comfortably in Saint-Lambert-de-Lauzon.
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 Saint-Lambert-de-Lauzon, 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 | 3,204 |
| Living in poverty | Number of residents who are living in poverty | 757 |
| Debt defaulted | Number of residents who have defaulted on a debt payment | 74 |
| Insolvencies | Number of residents who filed for insolvency | 17 |
| Consumer proposal | Number of residents who filed for a consumer proposal | 13 |
| Personal bankruptcy | Number of residents who filed for personal bankruptcy | 4 |
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
The downtown area of Saint-Lambert-de-Lauzon features a vibrant mix of local shops, cafes, and restaurants. It serves as a hub for community events and offers a lively atmosphere for residents and visitors alike.Lac des Érables
This picturesque neighborhood is centered around Lac des Érables, a popular recreational area for families. It offers beautiful natural scenery, walking trails, and opportunities for boating and fishing.Quartier des Rivières
Known for its residential appeal, this neighborhood is characterized by family-friendly parks and green spaces. The proximity to rivers provides a tranquil environment for leisurely walks and outdoor activities.Les Jardins de Saint-Lambert
A sought-after area with well-maintained homes and gardens. This neighborhood is appreciated for its sense of community and organized social gatherings among residents.Secteur de la Gare
This area, near the train station, offers convenient public transportation options. It features a mix of residential and commercial properties and is known for its accessibility and vibrant local culture.
Illustration of Saint-Lambert-de-Lauzon, Quebec, Canada
Cost of Living
This table provides a breakdown of various average cost-of-living expenses in Saint-Lambert-de-Lauzon, 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-Lambert-de-Lauzon compared to nearby cities?
- How do housing prices in Saint-Lambert-de-Lauzon compare to the provincial average?
- What are the main financial challenges faced by residents in Saint-Lambert-de-Lauzon?
- What local employment opportunities are available that may impact the economic outlook for residents?
- How does the average income of residents in Saint-Lambert-de-Lauzon compare to the national average?
- What financial assistance programs are available for families living in Saint-Lambert-de-Lauzon?
- How is the overall economic outlook for Saint-Lambert-de-Lauzon affecting local businesses?
If you have a question about debt see our debt related question or ask your own debt related question.
Overview
Situated in the Chaudière-Appalaches region of Quebec, this municipality is known for its blend of community spirit and access to nature. It offers a variety of outdoor activities, such as hiking and cycling, thanks to its picturesque landscapes. Additionally, its location near major roadways facilitates easy travel to nearby cities and attractions, allowing residents to enjoy both local tranquility and urban amenities. The area also emphasizes environmental management, with ongoing projects aimed at improving water quality and promoting sustainability.
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!