Debt Consolidation in Action: Puerto Rico

Overcoming credit card debt challenges with credit counseling.

While Puerto Rico itself is facing significant problems with debt, residents face their own challenges. Two thirds of families have mortgage debt and one in four have credit card debt. Student debt levels are some of the highest in any state or territory in the U.S. and the percent of debt to personal income is almost 90% – a ratio where anything above 50% indicates financial distress.

Luckily there are programs available to Puerto Rican residents that allow them to consolidate debt in the same way residents can in the continental United States. If your facing challenges with debt an you need help, call Consolidated Credit at or complete an online application to request a free, confidential debt evaluation from a certified credit counselor.

Debt Statistics in Puerto Rico

Here’s a quick look at the state of debt in Puerto Ric today:

 [1] http://blogs.wsj.com/economics/2015/03/10/the-average-student-debt-load-in-d-c-is-a-whopping-40885/

[2] http://grupocne.org/wp-content/uploads/2013/11/TopLine-Report-FINAL.for_.web_.pdf

[3] http://www.bloomberg.com/news/articles/2015-07-09/how-puerto-rico-s-debt-levels-compare-with-those-of-u-s-states#media-6

† Combined with other U.S. territories

Credit Counseling in Action for Puerto Rico residents

Debt solutions are never one-size-fits-all, but the following case study and testimonial can give you a better idea of how a debt management program may be able to help you. This comes from a real client of Consolidated Credit who lives in Puerto Rico. Call us today to see if we can help you, too.

I am very grateful to Consolidated Credit for the assistance they have given me in helping me cope with my debts. I was having a hard time trying to keep up and one day I saw an ad and called. They were very helpful with managing my problem. I would recommend their services to anyone who wants to be able to sleep at night, and not worry about debt.

Where she started:

  • Total unsecured debt: $29,733.00
  • Estimated interest charges: $17,586.75
  • Time to payoff: 15 years, 7 months
  • Total monthly payments: $1189.32

After DMP enrollment:

  • Average negotiated interest rate: 0.00%
  • Total interest charges: $0.00
  • Time to payoff: 7 years, 4 months
  • Total monthly payment: $338.00
Time Saved:
8 years, 3 months
Monthly Savings:
$851.32
Interest Saved:
$17,586.75

"We are really proud to recommend Consolidated Credit" Kathleen Cannon, President & CEO of United Way of Broward County. Consolidated Credit Counseling Services, Inc. is pleased to announce our partnership with the United Way as a United Way Chairman’s Circle Organization.

"We are really proud to recommend Consolidated Credit" Kathleen Cannon, President & CEO of United Way of Broward County. Consolidated Credit Counseling Services, Inc. is pleased to announce our partnership with the United Way as a United Way Chairman’s Circle Organization.

All Consolidated Credit counselors are certified personal financial counselors (CFC) We've helped 5 million people get out of debt! Call us today and see what we can do for you.

Consolidated Credit is honored to receive the 2012 Excellence in Financial Literacy Education (EIFLE) Nonprofit Organization of the Year award. The EIFLE awards acknowledge innovation, dedication and the commitment of organizations that support financial literacy education worldwide. See what Consolidated Credit can do for you.

Consolidated Credit is honored to receive the 2012 Excellence in Financial Literacy Education (EIFLE) Nonprofit Organization of the Year award. The EIFLE awards acknowledge innovation, dedication and the commitment of organizations that support financial literacy education worldwide. See what Consolidated Credit can do for you.

The National Industry Standards for Homeownership Education and Counseling are a set of guidelines for quality homeownership and counseling services. Industry professionals who adopt these standards can be trusted to provide consistent, high quality advice.
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Consolidated Credit Consulting Services, Inc. has been verified as the owner or operator of the Web site located at www.consolidatedcredit.org. Official records confirm Consolidated Credit Consulting Services, Inc. as a valid business. Call us today and see what we can do for you.

Consolidated Credit is a Certified ISO 9001 company, as verified through Bureau Veritas Certification.

Time tested and customer trusted. Consolidated Credit Counseling Services has been a BBB Accredited Business since 1998 and has a current A+ rating. Call us today and see what we can do for you.

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Time tested and customer trusted. Consolidated Credit Counseling Services has been a BBB Accredited Business since 1998 and has a current A+ rating. Call us today and see what we can do for you.

View the Consolidatedcredit.org review status

Consolidated Credit is proud to be an ANAB accredited member. Accreditation by a recognized and respected body such as ANAB ensures the impartiality and competence of our company. To see what we can do for you, give us a call.

U.S. Department of Housing and Urban Development - HUD's mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. Consolidated Credit is proud to be a member of HUD and also part of the Hope Now Alliance.

You can save!

With this amount of debt, you'd pay around $xx.xx on a DMP.

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