Vercheres
Expert Debt Relief & Consumer Proposal Help
Vercheres, debt relief, Quebec
Verchères, nestled along the Richelieu River in Quebec, offers scenic beauty and a rich history but faces economic challenges for its residents. With lower average incomes, many struggle to afford basic necessities, leading to increased reliance on debt. An aging population with fixed incomes and rising medical costs adds to financial pressures, highlighting the need for effective debt relief solutions in this community.
City: Vercheres
Province/Territory: Quebec (QC), Canada
Est. Population: 5,759
Financial Challenges
Living and working in Verchères can be hard for people who don’t have much money. The average income here is lower than in other parts of Quebec, which means it might be tough to afford things like food, bills, and transportation. Finding a job that pays enough can also be a challenge, making it difficult to cover everyday expenses. When money is tight, people might have to borrow money or use credit cards, which can lead to more debt and stress.
Another issue is that many people in Verchères are getting older. Older residents often have fixed incomes and higher medical costs, which can make managing money even harder. If housing costs are high, it adds to the financial pressure, making it difficult to find affordable places to live. All these factors together can make life tougher for those who are already struggling with money problems in Verchères.
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 Vercheres, 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 | 2,707 |
Living in poverty | Number of residents who are living in poverty | 639 |
Debt defaulted | Number of residents who have defaulted on a debt payment | 63 |
Insolvencies | Number of residents who filed for insolvency | 14 |
Consumer proposal | Number of residents who filed for a consumer proposal | 11 |
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
The heart of Vercheres, Centre-Ville is known for its charming atmosphere with local shops, cafes, and cultural spots. The area often hosts community events, making it a vibrant place for residents and visitors alike.Quartier des Pionniers
This neighborhood features a mix of historical and modern homes, with beautiful landscaping and parks. It’s popular among families due to its close proximity to schools and recreational facilities.L’Envolée
A peaceful community with a strong sense of neighborliness, L’Envolée offers spacious homes and is set near lush green parks. It’s ideal for those seeking a more tranquil living environment.Les Jardins de Verchères
Known for its well-planned residential developments, this area is characterized by its family-friendly amenities, including playgrounds, walking paths, and community gardens. It emphasizes sustainable living with green spaces.Les Rivières
This neighborhood boasts scenic views along the river, making it a picturesque location for homes. Residents enjoy outdoor activities like walking and biking along the waterways, along with a relaxed lifestyle.Secteur Boucher
Primarily residential, Secteur Boucher is known for its quiet streets and friendly atmosphere. It has grown over the years, attracting young families and providing easy access to local services.

Illustration of Vercheres, Quebec, Canada
Cost of Living
This table provides a breakdown of various average cost-of-living expenses in Vercheres, 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 Vercheres, Quebec, compared to other cities in the region?
- How does the job market in Vercheres look for recent graduates and young professionals?
- What are the main industries driving the economy in Vercheres and surrounding areas?
- Are there any financial assistance programs available for residents needing support in Vercheres?
- What are the housing prices like in Vercheres, and how do they fluctuate over time?
- How does the cost of transportation in Vercheres impact the overall financial well-being of residents?
- What resources are available for residents of Vercheres to improve their financial literacy and management?
If you have a question about debt see our debt related question or ask your own debt related question.
Overview
Located on the banks of the Richelieu River in Quebec, this small town is known for its picturesque landscapes and rich historical background, with roots dating back to the early 18th century. The town features a mix of residential homes and green spaces, providing a friendly environment for families and individuals. It serves as a close-knit community where outdoor activities like hiking and cycling are popular due to the surrounding natural beauty. With a predominantly French-speaking population, it reflects the cultural heritage of Quebec while offering amenities that cater to residents’ daily needs. Local events and festivals further contribute to the sense of community and offer residents opportunities to engage and celebrate together.
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!