Cambridge Credit Counseling Services for Rhode Island Residents

Cambridge Credit Counseling’s Rhode Island Registration#

Cambridge Credit Counseling Corp holds a Debt Management Services Registration to serve Rhode Island residents. The registration is regulated by the State of Rhode Island Department of Business Regulation Division of Banking, and its number is 20132893DM. Rhode Island consumers can verify this registration directly with the regulator.

Debt Management Plans for Rhode Island Residents#

Rhode Island residents can enroll in a debt management plan through Cambridge Credit Counseling. A debt management plan consolidates unsecured debts into one monthly payment administered by the counseling agency. It is not a loan and does not involve borrowing new money. Almost all concessions such as reduced interest rates or waived fees follow preset guidelines set by each creditor, not by Cambridge Credit Counseling. In some cases they can vary based on the level of hardship in the budget, and certain accounts may not be eligible for them.

Free Credit Counseling in Rhode Island#

Credit counseling sessions at Cambridge Credit Counseling are free of charge for Rhode Island residents. Cambridge Credit Counseling is a nonprofit organization founded in 1996 and headquartered in Agawam, Massachusetts. The agency is a member of the National Foundation for Credit Counseling, and its counselors are certified. Cambridge Credit Counseling is also ISO 9001 registered.

Housing Counseling and Homebuyer Help in Rhode Island#

Cambridge Credit Counseling is a HUD-approved housing counseling agency, and this service is available to Rhode Island residents, including first-time homebuyer courses. Rhode Island homebuyers who cannot afford a 20 percent down payment are encouraged to contact a HUD-approved housing counseling agency to find out if they qualify for programs that help toward homeownership.

• A mortgage is a long-term secured loan where the house or property serves as collateral.
• A monthly mortgage payment typically includes principal, interest, real estate taxes, and property insurance, known as PITI, and often private mortgage insurance.
• A down payment of less than 20 percent generally requires private mortgage insurance, which can range from 0.15 percent to 2.5 percent of the loan amount.
• Under the federal Homeowners Protection Act, a homeowner with a conventional loan may ask the loan servicer in writing to cancel private mortgage insurance (PMI) once the loan balance reaches 80 percent of the home’s original value. To qualify, the homeowner must have a good payment history, be current on payments, and certify that there are no junior liens (such as a second mortgage) on the home. The lender may also require proof that the home’s value has not fallen below its original value. PMI must also be automatically terminated, without the homeowner having to request it, on the date the loan balance is scheduled to reach 78 percent of the original value. For PMI to end on that date, payments must be current; otherwise, it ends shortly after they are brought up to date. These rules apply to most conventional loans made on or after July 29, 1999, for a single-family home that is the owner’s main home; FHA loans have different rules.

Student Loan Counseling in Rhode Island#

Rhode Island residents can receive student loan counseling from Cambridge Credit Counseling as part of its nonprofit counseling services.

Reverse Mortgage Counseling in Rhode Island#

Reverse mortgage, or HECM, counseling is available to Rhode Island residents through Cambridge Credit Counseling.

Bankruptcy Counseling and Debtor Education in Rhode Island#

Cambridge Credit Counseling is approved by the Department of Justice to provide pre-filing bankruptcy counseling and post-filing debtor education, and this service is available to Rhode Island residents. Bankruptcy counseling and debtor education each cost $50.00 per household per session and are available free or at a reduced rate based on ability to pay. The fee is per household, not per person, so a married couple filing together pays once. Households with income below 150 percent of the federal poverty guidelines for their household size are presumed eligible for a fee waiver. Households above that line may still qualify for a reduced fee if they can show a temporary financial hardship, such as a recent job loss or drop in income, unexpected medical costs, disability, separation or divorce, the death of a household wage earner, or another documented financial circumstance that significantly impacts the household’s ability to pay. Waivers and reductions are assessed on the household’s current income, expenses and overall financial condition, and Cambridge Credit Counseling will not refuse services to anyone due to inability to pay.

Approval by the U.S. Department of Justice Executive Office of United States Trustees does not endorse or assure the quality of our services.

Debt Settlement Is Not Offered by Cambridge Credit Counseling in Rhode Island#

Debt settlement means negotiating to pay less than the full balance owed. This is a different service from credit counseling and is typically offered by for-profit companies. Cambridge Credit Counseling does not provide debt settlement to Rhode Island residents.

How to Reach Cambridge Credit Counseling from Rhode Island#

Rhode Island residents can call Cambridge Credit Counseling at 800-857-2808 for new counseling inquiries.

Common questions

Is Cambridge Credit Counseling registered to help Rhode Island residents?

Yes. Cambridge Credit Counseling holds a Debt Management Services Registration, number 20132893DM, regulated by the State of Rhode Island Department of Business Regulation Division of Banking, allowing it to serve Rhode Island residents.

Does Cambridge Credit Counseling charge for credit counseling in Rhode Island?

No. Credit counseling sessions at Cambridge Credit Counseling are free of charge for Rhode Island residents.

Can Rhode Island residents get help with debt settlement from Cambridge Credit Counseling?

No. Debt settlement is a different service, typically offered by for-profit companies, and Cambridge Credit Counseling does not offer it to Rhode Island residents.

What housing help can Rhode Island residents get from Cambridge Credit Counseling?

Cambridge Credit Counseling is a HUD-approved housing counseling agency and offers Rhode Island residents first-time homebuyer courses.

Where this information comes from

• John Henle, Cambridge Credit Counseling, email of 24 September 2026; 28 CFR 58.21(b)(1) and 58.34(b)(1) Checked 2026-09-24.
• Gary Washington, Director of Bankruptcy Counseling, Cambridge Credit Counseling, by email 2 September 2026. Checked 2026-09-02.
• NFCC Member Agencies register nfcc.org Checked 2026-08-28.
• How To Get Out of Debt, Federal Trade Commission consumer.ftc.gov Checked 2026-08-28.
• industry definition, NFCC nfcc.org Checked 2026-08-28.
• CFPB consumer guidance consumerfinance.gov Checked 2026-08-28.
• Federal Trade Commission, How To Get Out of Debt consumer.ftc.gov Checked 2026-09-18.
• Less Than 20% Down on a House? Cambridge Credit Counseling Explains (Cambridge Credit Counseling’s own information).
• Cambridge Credit Counseling (Cambridge Credit Counseling’s own information).
• Nonprofit Credit Counseling at Cambridge Credit Counseling (Cambridge Credit Counseling’s own information).
• About Cambridge Credit Counseling | Nonprofit (Cambridge Credit Counseling’s own information).
• HUD-Approved Housing Counseling from Cambridge Credit Counseling (Cambridge Credit Counseling’s own information).
• Contact Cambridge Credit Counseling | Offices, Departments and Hours (Cambridge Credit Counseling’s own information).
• Bankruptcy Counseling and Debtor Education at Cambridge Credit Counseling (Cambridge Credit Counseling’s own information).