Temiscouata-sur-le-Lac

Expert Debt Relief & Consumer Proposals

Temiscouata-sur-le-Lac, debt relief, Quebec

Temiscouata-sur-le-Lac, a scenic town in Quebec, faces financial challenges due to its reliance on unstable tourism, forestry, and manufacturing jobs. This can lead to income fluctuations, making future planning difficult. With a predominantly French-speaking population, job opportunities may be limited for English speakers. Additionally, an older demographic results in strained services, complicating access to debt relief resources and financial advice.

City: Temiscouata-sur-le-Lac
Province/Territory: Quebec (QC), Canada
Est. Population: 5,096

Financial Challenges

Living in Témiscouata-sur-le-Lac can be tough if you’re having money problems. The town relies a lot on jobs in tourism, forestry, and manufacturing, which can be unstable. This means that your income might go up and down, making it hard to plan for the future. Also, since most people speak only French, finding jobs that require English skills can be difficult, limiting your opportunities to earn more money.

Another challenge is that the population is older, so there are fewer people to support services and jobs for everyone. This can make things like healthcare more expensive and harder to access. Additionally, in a small community, there might not be many places to get help with managing debt or getting financial advice. Without these resources, it can be harder to solve money problems and improve your financial situation.

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.

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Debt 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.

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Debt 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 Consolidation

Debt 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 Settlement

Consumer 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 Proposals

Bankruptcy

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


nature scenery of Temiscouata-sur-le-Lac promoting debt relief opportunities

*Illustration of Temiscouata-sur-le-Lac, 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 paycheck2,395
Living in povertyNumber of residents who are living in poverty566
Debt defaultedNumber of residents who have defaulted on a debt payment56
InsolvenciesNumber of residents who filed for insolvency13
Consumer proposalNumber of residents who filed for a consumer proposal10
Personal bankruptcyNumber of residents who filed for personal bankruptcy3

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

  • Notre-Dame-du-Lac
    A vibrant community located along the eastern shoreline of Lake Temiscouata, known for its picturesque views and access to recreational activities like boating and fishing. This area also features local shops and establishments that add to its charm.

  • Cabano
    Situated near the junction of the Temiscouata River and the Saint Lawrence Seaway, Cabano boasts a rich history and is recognized for its beautiful waterfront parks. It is a key hub for community events and cultural activities.

  • Témiscouata-sur-le-Lac
    This central area combines the natural beauty of the lake with residential neighborhoods. It is dotted with amenities, such as schools, parks, and community services, making it a desirable location for families.

  • Saint-Paul-de-Témiscouata
    A serene, rural neighborhood that is popular for its agricultural landscapes and cultural heritage. Known for its tight-knit community, this area hosts various local festivals and gatherings throughout the year.

  • Lac-Des-Iles
    A tranquil area that offers a blend of natural beauty and recreational opportunities. The lake is a major draw for outdoor enthusiasts, with activities such as fishing, hiking, and winter sports being popular among residents and visitors.

nature scenery of Temiscouata-sur-le-Lac promoting debt relief opportunities Debt solutions available.

Illustration of Temiscouata-sur-le-Lac, Quebec, Canada

Cost of Living

This table provides a breakdown of various average cost-of-living expenses in Temiscouata-sur-le-Lac, 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 cost of living in Temiscouata-sur-le-Lac compared to other cities in Quebec?
  2. How does the economic outlook for Temiscouata-sur-le-Lac look for the next few years?
  3. What are the average salaries for residents of Temiscouata-sur-le-Lac?
  4. What financial assistance programs are available for low-income residents of Temiscouata-sur-le-Lac?
  5. How does housing affordability in Temiscouata-sur-le-Lac compare to the provincial average?
  6. What are the primary industries contributing to the economy of Temiscouata-sur-le-Lac?
  7. What challenges do residents of Temiscouata-sur-le-Lac face in terms of employment and job opportunities?

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

Overview

Located in the Bas-Saint-Laurent region of Quebec, this city is situated alongside Lake Témiscouata, offering beautiful waterfront views and access to outdoor activities like fishing and hiking. With a population of just over 5,000, it has a calm, rural feel supported by industries such as tourism, forestry, and manufacturing. The community is predominantly French-speaking, which influences local culture and services. The area is known for its rich natural scenery, including mountains and forests, making it a great spot for nature lovers. Many residents enjoy a close-knit community atmosphere, which contributes to the overall quality of life.



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