is a world-leading consumer product review site. We provide detailed reviews and ratings for thousands of products and services.


Go To Reviews >

Debt Consolidation in Rhode Island

Rhode Island's personal debt picture is very similar to that of the rest of the nation as a whole, and to put it simply, the state owes more that it owns. In fact recent figures have shown that more families are moving out of the area than are moving into it, as issues over the last few years concerning high tax burdens and public-employee pensions have weighed heavy on the finances of many. Economics experts predict that while the situation in Rhode Island isn't as quite as extreme as some other states, it's going to be a difficult road ahead for many of the local residents, largely due to the limited growth of the economy. Families facing personal financing problems may find some relief through debt consolidation, which allows all debt to be merged into one and typically results in lower monthly payments.

Rhode Island, known as the Ocean State, has an important role in American history as the first of the original thirteen colonies to declare independence from the British. Before the Great Depression, the state was a national leader in the textiles industry, as well as fishing with a number of additional important industries contributing to the early economy including tool making and silverware. Rhode Island's industrial past is still clearly evidenced today with the presence of many abandoned factories now being used for different purposes such as residencies and museums. Today the economy is supported by a combination of different industries with the services sector contributing the most, followed by tourism and then manufacturing. Tourism in the area is on the up, thanks to the states numerous tourist destinations including beautiful coastlines and historical landmarks.

On average, each resident owes $17,960 in Rhode Island. This is typically a combination of a mortgage, credit card debt and an auto loan, which can in some cases be combined into one easier to handle monthly payment through debt consolidation. Young adults are often also dealing with student loans on top of other household expenditures.


Go To Reviews >

Debt Consolidation In The News

Euro zone to unlock new loans to Greece, working on debt relief

BRUSSELS (Reuters) - Euro zone creditors are expected to disburse new loans to Greece this month and are working on debt relief measures, the head of the bloc's finance ministers said on Monday, steps that should help underpin its economic recovery.

Published:  Mon, 12 Mar 2018 13:40:00 GMT

Former For-Profit College Students Demand Full Debt Relief

The code has been copied to your clipboard. The URL has been copied to your clipboard A group of past students at the former Corinthian Colleges are taking legal action against the United States Department of Education. In early March, the former students ...

Published:  Sun, 25 Mar 2018 03:02:00 GMT

Debt Consolidation Credit Card Debt Relief An Option For Many Today

As Economy Picks Up Speed, Americans Pick Up Pace of Unloading Personal Debt LOS ANGELES, CA, March 05, 2018 /24-7PressRelease/ -- Debt consolidation and credit card debt relief programs have become increasingly sought after and used by more Americans as ...

Published:  Mon, 05 Mar 2018 00:07:00 GMT

Pain Relief for College Students Overburdened by Loan Debt

Legislators turn their attention to problems facing student borrowers, backing bills that would keep them from being overwhelmed by loan repayments New Jersey lawmakers, who were disturbed in the last legislative session by the practices of the agency that ...

Published:  Thu, 12 Apr 2018 05:00:00 GMT

Debt Relief Under the Heavily Indebted Poor Countries (HIPC) Initiative

The joint IMF-World Bank comprehensive approach to debt reduction is designed to ensure that no poor country faces a debt burden it cannot manage. To date, debt reduction packages under the HIPC Initiative have been approved for 36 countries, 30 of them ...

Published:  Wed, 07 Mar 2018 16:00:00 GMT

Student Loan Debt Relief Operations Allegedly Bilked $95M From Borrowers

The federal government and 11 states have joined together to accuse 30 purported debt relief operations of using deception and false promises to swindle more than $95 million from student loan borrowers. "Operation Game of Loans" - the eyeroll-worthy ...

Published:  Fri, 13 Oct 2017 10:44:00 GMT

How to Consolidate Credit Card Debt

GCredit card consolidation refers to merging all your existing debt into one loan, which is different than restructuring your debt, which refers to renegotiating the terms or amounts of your debt. Using credit card debt consolidation as a debt management ...

Published:  Sat, 30 Dec 2017 20:00:00 GMT

Beware of student debt relief scams

Don't hand over any money to a service that offers a faster way to pay off your student loans. There's a good chance it's a scam. More than 30 companies have been sued by the government over the past month for scamming student loan borrowers. Americans ...

Published:  Fri, 13 Oct 2017 12:11:00 GMT

- View Full Site -