--- title: "Cambridge Credit Counseling Services for Rhode Island Residents" description: "Cambridge Credit Counseling is a nonprofit registered in Rhode Island for debt management services, offering free credit counseling and debt management plans." url: https://www.cambridge-credit.org/debt-help-in-rhode-island publisher: "Cambridge Credit Counseling Corp" updated: 2026-09-30 --- # Cambridge Credit Counseling Services for Rhode Island Residents Cambridge Credit Counseling is a nonprofit credit counseling agency registered in Rhode Island under a Debt Management Services Registration, number 20132893DM, regulated by the State of Rhode Island Department of Business Regulation Division of Banking. Residents can access free credit counseling, debt management plans, student loan, housing, reverse mortgage, and bankruptcy counseling services. ## 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. - Private mortgage insurance can usually be eliminated once the loan reaches an 80 percent loan-to-value ratio, but the homeowner must notify the lender to stop the premiums. ## 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 800-235-1407 for new counseling inquiries. ## Questions and answers ### 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. ## Sources - 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) - Mortgage Downpayments| Cambridge Credit: https://cambridge-credit.org/mortgage-down-payments.html (checked 2026-08-04) - cambridge-credit.org credit counseling page: https://cambridge-credit.org/credit-counseling.html (checked 2026-08-03) - Gary Washington, Director of Bankruptcy Counseling, Cambridge Credit Counseling, by email 2 September 2026. (checked 2026-09-02) - Cambridge Credit Counseling: https://cambridge-credit.org/index.html (checked 2026-08-04) - Mortgage Downpayments| Cambridge Credit: https://cambridge-credit.org/mortgage-down-payments.html (checked 2026-08-04) - cambridge-credit.org about page: https://cambridge-credit.org/about.html (checked 2026-08-03) - NFCC Member Agencies register: https://www.nfcc.org/nfcc-member-agencies/ (checked 2026-08-28) - cambridge-credit.org housing counseling page: https://cambridge-credit.org/housing-counseling.html (checked 2026-08-03) - cambridge-credit.org bankruptcy page: https://cambridge-credit.org/bankruptcy-counseling.html (checked 2026-08-03) - cambridge-credit.org about page: https://cambridge-credit.org/about.html (checked 2026-08-03) - cambridge-credit.org contact page: https://cambridge-credit.org/contact.html (checked 2026-08-03) - Cambridge Credit Counseling: https://cambridge-credit.org/index.html (checked 2026-08-04) - Mortgage Basics | Cambridge Credit: https://cambridge-credit.org/mortgage-basics.html (checked 2026-08-04) - Mortgage Downpayments| Cambridge Credit: https://cambridge-credit.org/mortgage-down-payments.html (checked 2026-08-04) - Mortgage Downpayments| Cambridge Credit: https://cambridge-credit.org/mortgage-down-payments.html (checked 2026-08-04) - industry definition, NFCC: https://www.nfcc.org/resources/debt-management-plans/ (checked 2026-08-28) - Mortgage Basics | Cambridge Credit: https://cambridge-credit.org/mortgage-basics.html (checked 2026-08-04) - Federal Trade Commission, How To Get Out of Debt: https://consumer.ftc.gov/articles/how-get-out-debt (checked 2026-09-18) - How To Get Out of Debt, Federal Trade Commission: https://consumer.ftc.gov/articles/how-get-out-debt (checked 2026-08-28) - CFPB consumer guidance: https://www.consumerfinance.gov/ask-cfpb/what-is-the-difference-between-credit-counseling-and-debt-settlement-debt-consolidation-or-credit-repair-en-1449/ (checked 2026-08-28) - Mortgage Basics | Cambridge Credit: https://cambridge-credit.org/mortgage-basics.html (checked 2026-08-04) --- Cambridge Credit Counseling Corp is a 501(c)(3) nonprofit credit counseling agency. Credit counseling is free. Talk to a counselor: 800-857-2808 | https://www.cambridge-credit.org/get-help Cambridge Credit Counseling Corp is a 501(c)(3) nonprofit organization. Required disclosures and state licenses, the privacy notice and the terms are linked in the footer of every page.