Debt Consolidation in Rhode Island

Do you want to nullify your debt burden? Are your finances going beyond your control? Half of your income is consumed in paying your debts; and you find no way out. Is that so? Then to come out of all these financial problems you need some financial guidance.

Debt Consolidation – A way to become Debt Free

Many people are facing the same debt problems. The only reliable way of getting out of this situation is debt consolidation. There are many debtors who choose Rhode-Island debt consolidation program or take a debt consolidation loan.

Other than taking help from a Rhode-Island debt consolidation company, you can consolidate your debts on your own too. You have the option to hire the services of a debt consolidation company; the company will then negotiates with the creditors on your behalf.

They will work out a repayment plan for you which enables the debtors to pay back the outstanding balance according to their convenience.

If you that debt consolidation may not be the right option for you, then you can also choose from many other debt solutions to get out of debt.

Free debt counseling in Rhode-Island

If you are not able to decide as to which option of debt relief will benefit you the most, then you may refer to a debt counselor. You can take the right decision by taking help from Free debt counseling session.

Address of the Attorney General of Rhode-Island.

In case if you have noticed any irregularities in the manner the collection agencies or the lending companies that have been operating then you can report the matter to the State Attorney General. Below is given the address of the Attorney General of Rhode-Island.

Address: Office of the Attorney Genera, 150 South Main Street, Providence, RI 02903,  (401)274-4400.

Statute of Limitations (SOL) on debt in Rhode-Island

In Rhode Island the SOL on debts is as follows:
Oral Agreements- 10 years
Written Contracts- 5 years
Promissory Note- 6 years
Open Ended Account- 4 years

Payday Loans In Rhode Island

Payday lending is legal in Rhode Island. In Rhode-Island the minimum time period for a payday loan is 13 days.

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