Debt Relief in Action: Puerto Rico
Overcoming credit card debt challenges with credit counseling and finding debt relief.
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 you need help, call Consolidated Credit at (844) 276-1544 or complete an online application to request a free, confidential debt evaluation from a certified credit counselor.
Spanish speaking counselors available