DEBT.CA IS CANADA'S TRUSTED SOURCE FOR DEBT RELIEF

At Debt.ca, we understand that people might find themselves surrounded by debt for many reasons including job loss, reduced income, medical expenses, or even the rising costs of raising a family. And when faced with a mountain of consumer debt, it is quite easy to become overwhelmed and to believe that you will never be able to pay off your creditors. The high-interest rates associated with consumer debts, late fees for those who are behind on their payments, and much more can seem to conspire against your attempts to become debt free. That is why we want to help all Canadians better understand their debt relief options and save the most money while they get out from under their unsecured loans. Are you struggling with debt or trying to figure out which Canadian debt relief program will help you get out of debt in the quickest amount of time and for the least amount of money? If so, let us show you that you can live a life free of bills and you do have more options than you probably realize. Simply put, if you are paying out more money every month than you have coming in, we can get you to a professional who can help. Fill out the form above to get started today!

Credit Counselling Services in Gatineau, QC

Debt.ca has credit counselling services in Gatineau for those who need help getting back on track. If you have room for improvement with money management, now is the time to take the first step. If you live in Gatineau and have too much debt on your credit cards, then credit counselling may be the answer you are looking for. A quality credit counselling or debt settlement program can help you get out from under your debt and shore up your financial future at the same time.

Would a DMP work for residents of Gatineau?

Residents of Gatineau often confuse debt management plans with credit consolidation, because they have some similarities. For instance, both programs entail converting several debts into one monthly payment for ease of tracking. However, you still owe the original creditors when you enroll in a debt management plan (DMP). Conversely, you only owe one entity when you participate in a debt consolidation loan. If you’re considering a DMP in Gatineau, you must have a steady source of income. While DMPs serve those with more than $10,000 of debt, homeowners may have to cash out equity instead. Likewise, individuals who have funds in their RRSP may have to use those funds to pay off the debt in lieu of enrolling in a debt management plan. Speak to a counsellor in Gatineau to determine if a DMP is the right option for you.

Debt Consolidation Options in Gatineau

As a citizen living in Gatineau, it’s not uncommon to fall on hard times. If you’re experiencing difficulty keeping up with your financial obligations, debt consolidation may be your best option to get back on track. As such, consolidating your unsecured debts can make managing your payments easier. For example, multiple credit card debts and other liabilities combine into a single monthly payment. This makes it easier to prepare for and remember when just one due date is approaching every month. In addition, that single payment can be more manageable, with a lower interest rate than the existing rates on your different debts. While there are different ways to consolidate your debt, the most common way is through procuring a loan. However, your ability to qualify for a consolidation loan depends on your current credit score. Learn more about the debt consolidation process in Gatineau here.

Options for a Consumer Proposal in Gatineau

To file a consumer proposal, Gatineau residents must go through a Licensed Insolvency Trustee in the area. Consumer proposals allow their participants to pay back less than what they owe to their creditors. Despite how good that sounds, it comes with some drawbacks and should be a last resort, much like bankruptcy. To qualify for a consumer proposal in Gatineau, individuals must know to owe more than $250,000. Likewise, a married couple filing jointly cannot have more than $500,000 in debt. Paying less than what you owe at a lower interest rate comes with some heavy consequences. For one, your credit score drops to the absolute lowest it can go. In addition, the consumer proposal will remain on your credit report up to three years after you complete the five-year program. This can make acquiring credit or buying a home or auto more difficult. Speak to a member of our team who understands the laws regarding consumer proposals in Gatineau today.

How Bankruptcy works in Gatineau

Many people living in Gatineau can find it difficult to keep up with the cost of living. If your debts have been piling up to an unmanageable amount, declaring bankruptcy might be the solution to your money troubles. However, one must never take bankruptcy lightly, as it is only a last resort. Speaking to a Licensed Insolvency Trustee can shed some light on your options and inform your next steps in finding a fitting solution. Remember, declaring bankruptcy gets most of your debts forgiven, however you forfeit most of your valuable assets in return. In addition, you will no longer experience wage garnishments. Conversely, you may not be able to obtain credit for seven years, and there is a limit on how much you can earn during bankruptcy. If you’re thinking about filing for bankruptcy in Gatineau, call us to speak with a professional who can help.

You are not alone

In 2020, 365 Gatineau residents reached out to debt.ca to finally tackle their debt problems. They were struggling with an average debt load of $15,246 but now have the help they need to get their finances, and their life, back on track.

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Resources Available in Gatineau, Quebec for people needing debt relief help

If you are struggling to make ends meet, apart from seeking professional credit help,  there are several national, state, local government agencies, along with non-profit organizations, you can turn to:

Gatineau Service Canada Centre
455 Boulevard de l'Hôpital,
Gatineau, Quebec J8T 7X7
(800) 622-6232
Available Services:
- Unemployment Assistance
- Child Benefits
- Senior Assistance

Centre local d'emploi de Hull
170 Rue de l'Hôtel-de-Ville
Gatineau, Quebec J8X 4C2
(819) 772-3502

Crossroads Youth Employment De L'outaouaisl
350 Boulevard de la Gappe
Gatineau, Quebec J8X 7T9
(819) 561-7712

CRA - Canadian Revenue Agency
15 Eddy St
Gatineau, Quebec J8X 4B3
(800) 959-7383

Canada Veterans Affairs
85 Rue Bellehumeur #230,
Gatineau, Quebec J8T 8B7
(514) 866-7491

Centraide Outaouais
74 Boulevard Montclair
Gatineau, QC J8Y 2E6,
(819) 771-77515

Aylmer Food Center Food Center
67 Rue du Couvent
Gatineau, QC J9H 6A2
(819) 684-0163

St Vincent De Paul Society
245 Bd St Joseph
Gatineau, Quebec J8Y 3X5
(819) 595-3550

Quebec Addiction Counselling
Gambling - (800) 461-0140
Crisis Helpline (866) 277-3553
https://changingtowin.ca/

Debt Consolidation Loans
Loans Canada
Debt Relief Loans

Consumer Proposal
Consumer Proposal Loans

Credit Reports
Credit Verify


Additional Credit Counselling resources available in:

 

Helping residents of Gatineau and throughout the Outaouais region including Perkins, Masson-Angers, Cantley, Quinnville, Chelsea, Rockhurst, L'Ange-Gardien.

Insolvency Stats for Gatineau

Q4 2020 Q3 2020 Q4 2019
Bankruptcies 261 245 498
Consumer Proposals 449 457 731
Montréal in Total 710 702 1229

 

 

2019 Data
Population 284,557
Average Credit Score 663
Median Income $71,513
Average Home Price $249,000
Average Rent $708/month
Median Mortgage
Insolvency
Total Insolvencies: 3,261 *(- 56%)
Av Assets / Insolvency $62,451 (- $11,183)
Av Liabilities / Insolvency $90,813 (- $11,069)
Debt Ratio: 145% (+ 7%)
Bankruptcy
Bankruptcies 1,148 *(- 69%)
Av Assets $35,980 (- $1,030)
Av Liabilities $87,689 (- $2,339)
Debt Ratio: 244% (+ 1%)
Consumer Proposals
Consumer Proposals 2,113 (- 48%)
Av Assets $76,833 (- $19,486)
Av Liabilities $92,509 (- $16,714)
Debt Ratio: 120% (+ 7%)

Source: https://www.ic.gc.ca/
* () change from 2019

Insolvency stats for Ottawa / Gatineau region

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About Gatineau

A Number of Europeans journeyed up the Ottawa River to survey the territory in the early 17th century. However, a prolonged European presence in the Gatineau region did not exist until the fur trade during the 1760s.
Formed in 2002, through the merging of Aylmer, Buckingham, Gatineau, Hull and Masson-Angers, Gatineau, has a population of around 276,300. Approximately 64% of Gatineau residents are bilingual and about 30% are university educated.

What is unique about Gatineau?

As the fourth largest city in Quebec, Gatineau embodies the vibe of both a city and a suburb. The lakes, forests, and rivers that run through the city give residents and visitors the benefit of city life and wildlife simultaneously. Gatineau also hosts several festive experiences throughout the year, such as The Gatineau Hot Air Balloon Festival and the Snowflake Kingdom, one of Winterlude's three official locations.

What is Gatineau Famous For?

Some notable attractions include the Canadian Museum of History, the Casino du Lac-Leamy, and exceptional festivals! The museum stands on the Gatineau riverbank and allows visitors to delve into the history of Canada and its cultural diversity. There are also many parks, such as Gatineau Park, a recreational haven that offers campgrounds, trails, beaches, and parkways. Visitors can take part in a range of outdoor activities, such as hiking, camping, swimming, cycling, fishing, canoeing, and skiing, depending on the season.

Large Economic Drivers in Gatineau

In the past, Gatineau’s economy was almost entirely reliant on timber and paper. Nut today, the city relies on a few important sectors. A large majority of occupational positions in Gatineau include the federal government, construction, and service industries. In addition, Gatineau has an expanding high-tech sector, with over 1,900 tech organizations in the region. The Casino du Lac-Leamy is another driving factor towards the economy in Gatineau. Other sources of revenue come from the vast restaurants and bars throughout the downtown area. Two universities contributing to the revitalization of the region are the Université du Québec en Outaouais and the National Autonomous University of Mexico.

Recent changes that may have changed the Economic outlook

There has been a large effort to modernize the economy in Gatineau, through recent initiatives in the industrial and development atmosphere. The Outaouais region is home to hundreds of vibrant industrialists and corporations with groundbreaking initiatives. Taking this into consideration, CED (Canada Economic Development) is providing $1,263,448 in support of business startups, growth, and international marketing.

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