TopConsumerReviews.com is a world-leading consumer product review site. We provide detailed reviews and ratings for thousands of products and services.
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.
Debt Consolidation In The News
said in a CNN town hall that she doesn't support free college.) Borrowers can also likely expect some dramatic proposals for student debt relief, Huelsman said. In the past, presidential candidates ha...
Published: Wed, 20 Feb 2019 09:53:00 GMT
The consumer loans fell into three main categories: Debt consolidation, home improvement financing, and retail thanks to a surge in e-commerce and online shopping, Laky said. An unsecured personal loa...
Published: Thu, 21 Feb 2019 04:56:00 GMT
AFT leaders in Massachusetts know that supporting our members goes beyond what happens in the classroom, or the schoolhouse, or even the Statehouse. That's why, when the AFT started offering student d...
Published: Fri, 15 Feb 2019 13:38:00 GMT
WASHINGTON, D.C - Lawmakers are introducing a bill to bring some relief to people with student loans. U.S. student loan debt totals $1.5 trillion nationally -- second only to outstanding home mortgage ...
Published: Tue, 19 Feb 2019 05:41:00 GMT
Mumtalakat's paper was priced only marginally below the Bahraini sovereign debt curve, but the newly issued sukuk ... support package will be tied to progress on Bahrain's fiscal consolidation plans.
Published: Thu, 21 Feb 2019 03:06:00 GMT
"Otherwise, it becomes this big secret." Plus, disclosing debt to a partner typically comes with a sense of relief. McLay says partners tend to be supportive of the information, and often even feel ha...
Published: Thu, 21 Feb 2019 05:12:00 GMT
- View Full Site -
Reproduction in whole or in part in any form without the express written consent of TopConsumerReviews.com, LLC is strictly prohibited.