Saint-Sulpice
Consumer Proposal & Debt Relief Solutions
Saint-Sulpice, debt relief, Quebec
Saint-Sulpice, Quebec, offers a serene environment and a strong community, but residents often face financial challenges. High costs for basic needs, coupled with limited job opportunities and low wages, can lead to significant burdens. This situation may necessitate exploring options for debt relief, such as consumer proposals or credit counseling, to manage finances effectively.
City: Saint-Sulpice
Province/Territory: Quebec (QC), Canada
Est. Population: 3,360
Financial Challenges
Living in Saint-Sulpice can be tough for people who have money problems. The cost of things like rent, groceries, and bills might be high, making it hard to afford everyday needs. If someone doesn’t have enough money coming in, they might struggle to pay for their home or buy enough food for their family. Additionally, finding a good job can be difficult, especially if there aren’t many available or if the jobs don’t pay enough to cover all the expenses.
Working in Saint-Sulpice can also bring challenges for those with financial issues. Even if someone has a job, their paycheck might not be enough to cover all their costs, leaving little room to save or handle unexpected expenses. Taxes and other fees can take a big chunk out of their income, making it harder to manage money. This situation can cause a lot of stress and make it difficult for people to improve their financial situation or plan for the future.
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-Sulpice, 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 | 1,579 |
| Living in poverty | Number of residents who are living in poverty | 373 |
| Debt defaulted | Number of residents who have defaulted on a debt payment | 37 |
| Insolvencies | Number of residents who filed for insolvency | 8 |
| Consumer proposal | Number of residents who filed for a consumer proposal | 6 |
| 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
Vieux Saint-Sulpice
This area is characterized by its historic charm, featuring quaint streets and well-preserved architecture. It offers a glimpse into the town’s past and is home to several century-old buildings, parks, and local artisan shops.
Centre-Ville
The downtown area serves as the commercial heart of Saint-Sulpice, boasting a variety of shops, restaurants, and services. It is a lively place where locals gather, and community events are often held.
Saint-Sulpice Waterfront
Situated along the river, this area is popular for outdoor activities. Residents and visitors enjoy scenic views, walking trails, and recreational opportunities such as fishing and kayaking.
Les Jardins de la Rivière
This residential neighborhood is known for its family-friendly environment. It features modern homes, green spaces, and playgrounds, making it an attractive choice for young families.
Parc de la Roche
A picturesque park that offers a blend of natural beauty and recreational facilities. It’s a favored spot for picnics, hiking, and community events, with facilities for sports and children’s areas.
Rue Principale
This main thoroughfare is lined with local businesses, cafes, and services. It serves as a vital commercial corridor and a social hub where residents can enjoy shopping and dining experiences.
Illustration of Saint-Sulpice, Quebec, Canada
Cost of Living
This table provides a breakdown of various average cost-of-living expenses in Saint-Sulpice, 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-Sulpice, Quebec?
- How does the housing market in Saint-Sulpice compare to nearby cities?
- What are the primary financial challenges faced by residents of Saint-Sulpice?
- What is the economic outlook for Saint-Sulpice over the next few years?
- Are there local financial assistance programs available for residents in need?
- How do utility costs in Saint-Sulpice impact the overall cost of living?
- What employment opportunities are available in Saint-Sulpice and how do they affect local wages?
If you have a question about debt see our debt related question or ask your own debt related question.
Overview
Saint-Sulpice, located in Quebec, Canada, is a small municipality situated along the shores of the L’Assomption River. Known for its picturesque landscapes and rich history, the community offers a peaceful, rural environment that is ideal for outdoor activities like hiking and fishing. The area features charming architecture and a mix of residential homes, with a strong sense of community among its residents. Saint-Sulpice is also conveniently located near larger urban centers, providing access to various amenities while maintaining a serene 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!