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Credit Card Debt Consolidation Help  in Rhode Island
Call Today: (877) 274-1260
If you successfully complete our program, it’s possible that you’ll enjoy these benefits:
Settle your debts for less than you owe
  (read here for full details about how much you can expect to save)
Resolve your unsecured debts in 18 to 60 months
  (read here for full details on how long our program lasts)
No Up Front Fees - Don't Pay Till You See Results!
 
 
 
Rhode Island  Debt Relief
Debt settlement, also known as debt negotiation and debt reduction, is the process by which we negotiate and settle a debt for a reduced amount on behalf of a client. When successful, it is possible that Franklin Debt Relief can settle their debts for less than what is owed, all with the convenience of one low program payment. The savings from our debt settlement program can potentially be tremendous versus making your minimum payments, and it is in some cases the cheapest and fastest debt relief, debt consolidation or debt help option available to Rhode Island consumers.

If you're overwhelmed with credit cards, medical bills, balances from a repossession, or accounts in collections, call for a free consultation: (877) 274-1260.
 
Pertinent Rhode Island  Debt Relief and Debt Help Laws
(This is intended to be a helpful and informational debt resource for Rhode Island consumers and does not constitute legal advice. For legal advice about your situation, contact a licensed professional in Rhode Island.)

Debt Collection

Rhode Island follows the set of federal laws dealing with collection agencies (and law firms that collect debts) that are collectively known as the Fair Debt Collection Practices Act (FDCPA). For more information on the FDCPA follow this link: debt collection.

Maximum Interest Rate a Collection Agency Can Charge in Rhode Island: 12%

Rhode Island Wage Protection: 100% protection for military service member on active duty, seaman, spouse and minor children, anyone who has been receiving public assistance for 1 year after going off of relief, wages paid by charitable organization or funds providing relief for the poor; FEDERAL LAW STIPULATES THAT AT LEAST 75% IS PROTECTED---OVERRIDES STATE LAW.

Statute of Limitations

A statute of limitations is a law that sets forth the maximum period of time, after certain events, that legal proceedings based on those events may be initiated. For debt, the statutes of limitation apply to the maximum period of time after a consumer has become delinquent on their payments. The key point to remember is that you are considered delinquent not from the date of your last payment, but rather the day after you have gone past due. In other words, if you made your last payment on 3/3/03 and your next payment was due the same day of the next month, the statute of limitations on the debt would not start running until 4/4/04. The statutes of limitations vary from state to state and depend on the type of debt and where the original transaction took place (i.e. if you took the loan out in California but currently live in Rhode Island, the applicable statutes of limitations would be California's.)

Oral Agreements: 10 years
Written Contracts: 10 years
Promissory Notes: 10 years
Open Accounts (credit cards): 10 years

Bankruptcy Courts

380 Westminster Street
6th Floor, Suite 615
Providence, RI 02903

Bankruptcy Exemptions

Federal bankruptcy exemptions available. Bankruptcy exemptions are protected assets that the bankruptcy code mandates that a debtor is entitled to keep in order to adequately get a "fresh start" after filing. Bankruptcy exemptions vary from state to state, and the following list is the property that is protected in the bankruptcy code of Rhode Island. For more information, follow this link: bankruptcy exemptions.



Real Estate, Auto, Personal Property

-$200,000 in land and buildings you occupy or intent to occupy as principal residence
-Motor vehicles to $10,000
-Beds, bedding, furniture, household goods, and supplies to $8600 total
-Bibles, books to $300
-Burial plot
-Clothing
-Consumer cooperative association holdings to $50
-Debt secured by promissory note or bill of exchange
-Jewelry to $1000
-Prepaid tuition program or tuition savings account

Insurance

-Accident or sickness proceeds, avails, or benefits
-Fraternal benefit society benefits
-Life insurance proceeds if clause prohibits proceeds from being used to pay beneficiary's creditors

Public Benefits

-Aid to blind, aged, disabled and general assistance
-Crime victims' compensation
-Family assistance benefits
-State disability benefits
-Unemployment compensation
-Veterans' disability or survivors' death benefits
-Workers compensation

Pensions

-ERISA-qualified benefits
-IRAs, Roth IRAs
-Firefighters, police officers
-Private employees
-State and municipal employees

Tools of Trade

-Library of practicing professional
-Working tools to $1200

Other

-Earnings of a minor child
-Property of business partnership
 
 
 
 
 

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