Debt Consolidation in Action: Rhode Island

Achieving financial stability in spite of high debt levels across the board.

Rhode Island may be the smallest state in the union, but it’s a big player when it comes to personal debt. Residents rank in the top 20 states for the most credit card debt. Borrowers also have notably higher student debt levels than what we see in other parts of the country. Even credit card and mortgage delinquency rates are higher than national averages.

In spite of these challenges, residents are finding ways to achieve stability that fosters financial success. Many have used credit counseling services to explore and identify the right combination of solutions they need to regain their financial control. If you’re facing challenges with debt that you can’t overcome on your own, we can help. Call Consolidated Credit at or send in an online application to request a free debt analysis from a certified credit counselor.

Debt Statistics in Rhode Island

The statistics below can provide some perspective on the current state of debt in Rhode Island today:

[1] http://www.washingtonpost.com/blogs/govbeat/wp/2013/08/20/ranking-the-states-credit-card-debt/

All other statistics brought to you by America’s Voice on Debt (AVOD)

Credit Counseling in Action for Rhode Island residents

Some Rhode Island residents have used credit counseling services to find relief from credit card debt, allowing them to achieve financial stability. The testimonials and case studies below can help you understand how credit counseling may be able to help you, too.

This program has been a big help already. You lowered my payments and cut my rates. Thank you.

Where he started:

  • Total unsecured debt: $29,476.00
  • Estimated interest charges: $16,689.00
  • Time to payoff: 12 years, 3 months
  • Total monthly payments: $1,179.04

After DMP enrollment:

  • Average negotiated interest rate: 8.05%
  • Total interest charges: $4,141.85
  • Time to payoff: 4 years, 2 months
  • Total monthly payment: $673.00
Time Saved:
8 years, 1 month
Monthly Savings:
$506.04
Interest Saved:
$12,547.15
The rates on my cards were quite high and even when I gave them extra money it was bringing the balances down slowly with so much going towards interest. A friend told me about Consolidated. Finally I’m paying more principal and less interest. Thanks for the help!

Where she started:

  • Total unsecured debt: $8,277.00
  • Estimated interest charges: $4,713.00
  • Time to payoff: 11 years, 2 months
  • Total monthly payments: $331.08

After DMP enrollment:

  • Average negotiated interest rate: 8.18%
  • Total interest charges: $1,645.00
  • Time to payoff: 4 years, 6 months
  • Total monthly payment: $184.00
Time Saved:
6 years, 8 months
Monthly Savings:
$147.08
Interest Saved:
$3.068.00
We joined up recently, but so far so good. Lower payments and we’ll be out of in 3 years.

Where he started:

  • Total unsecured debt: $13,980.19
  • Estimated interest charges: $7,249.67
  • Time to payoff: 10 years, 11 months
  • Total monthly payments: $559.21

After DMP enrollment:

  • Average negotiated interest rate: 6.30%
  • Total interest charges: $3,700.51
  • Time to payoff: 3 years, 5 months
  • Total monthly payment: $406.00
Time Saved:
7 years, 6 months
Monthly Savings:
$153.21
Interest Saved:
$3,549.16

"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.

View the Consolidatedcredit.org review status

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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