Borrowing in Pessamit, Quebec

Pessamit is one of the Quebec communities covered here, with a 2021 Census population of 2,428, and borrowing there is licensed under Quebec's consumer credit rules.

The Quebec rules that apply

The body that licenses consumer lending in Quebec is the regulator named on the federal Payday Lending Regulations (SOR/2024-114)'s list of provincial and territorial regulators.

The federal Payday Lending Regulations (SOR/2024-114) are explicit that Quebec does not license payday lending, which changes which rules a short-term advance falls under.

This is a small community by population, inside the lowest band used on this site, and the provincial framework applies without variation.

How borrowing works locally

A shorter term raises each payment and lowers the total interest, which is the trade every schedule makes.

Debt management plans are administered by accredited credit counsellors, and they are not loans. Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed.

The census figures for Pessamit

In the 2021 Census, Pessamit had 2,428 residents. The community covers 245.2 square kilometres of land.

On those two figures, density is 9.9 residents per square kilometre when rounded to one decimal place.

Its provincial population rank is 344 within this data set.

Pessamit sits at rank 344 among the 1150 Quebec places here, with 2,428 residents in the 2021 Census.

Products compared here

The site describes 20 products in total; the two below are representative of the range.

• Car loans: Financing a vehicle, including the effect of trade-in equity, negative equity and dealer-arranged credit.
• Debt consolidation loans: Replacing several expensive debts with one payment, and the arithmetic that decides whether it helps.

The density figure for Pessamit, 9.9 people per square kilometre, is calculated from the population and land area above.

For Pessamit, the two census fields above are the only local statistics used anywhere on the page.

The land area recorded for Pessamit is 245.2 square kilometres, and the population is 2,428 residents in the 2021 Census.

Nothing on the Pessamit page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

Where a figure for Pessamit could not be verified, the page names the publisher instead of printing a number.

The Pessamit page follows the same structure as every other place page, with population, land area, density and rank.

Pessamit appears in the census record with 2,428 residents, and the density of 9.9 people per square kilometre follows from it.

At 2,428 residents in the 2021 Census, Pessamit is listed alongside the other covered places in Quebec.

Readers comparing Pessamit with another community can use the same four census fields.

Pessamit ranks 344 by 2021 Census population among the covered places in Quebec.

Pessamit is one of 1150 covered Quebec places, counted at 2,428 residents with a land area of 245.2 square kilometres.

Pessamit sits at rank 344 within Quebec in this data set, and the provincial rules apply as they do elsewhere.

loanmoose.ca is not a lender and does not make credit decisions. The lowest rates are only available to the most qualified applicants.

Statistics Canada's 2021 Census of Population supplies the population and land-area figures, and the federal Payday Lending Regulations (SOR/2024-114) supply the payday position.

The provincial rules apply wherever a borrower is in Quebec; a municipal boundary does not change them.