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Debt Consolidation in Mississippi

Across several kinds of consumer debt, residents of the state of Mississippi vary widely. For instance, with respect to student debt, graduates rank 34th overall with 57% finishing degrees with outstanding loans; however, those same graduates rank 19th in terms of the amount of debt, with an average balance of $27,571 upon graduation.

Mississippi is second only to Kentucky when looking at credit card debt. The average credit card balance is $9,821.80. For those who do not find a way to manage that credit card debt, such as through use of debt consolidation services, they may find themselves considering bankruptcy.

In Mississippi, there are almost 11,000 individuals who file for bankruptcy in an average year, at a rate of 3.71 filings for every 1000 residents. This puts Mississippi in tenth place in comparison with other states in America.

Mississippi also has the dubious honor of being the state with the highest rate of auto loan delinquency: 2.54% of all auto loans in the state are delinquent in an average three-month period. Debt consolidation would be one way for Mississippi residents to address such auto loan debt before it becomes delinquent.

In one measurement, however, Mississippi is doing better than many states in America: foreclosure. Only one in every 4483 homes in the state is in foreclosure, and even the hardest-hit counties (George, De Soto, and Jackson) are just under one home in every 2000 facing foreclosure. Mississippi does have a median list price that is also lower than many other areas in the nation at $139,500.

Mississippi residents should be aware that it is a ?one party? consent state, meaning that debt collectors are allowed to record a phone call made for the purposes of collection without getting the permission of the person receiving the call.


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Debt Consolidation In The News

Tips to Analyze Credit Reports and Spot Errors Shared by National Debt Relief

A lot of people have a hard time analyzing their credit reports that is why National Debt Relief aims to help them understand it better. The article titled "How To Analyze Your Annual Credit ...

Published:  Fri, 18 Jan 2019 02:17:00 GMT

Debt relief in store for 151 Career Education students

BISMARCK, N.D. (AP) - About 150 North Dakotans who were former students at the for-profit education company Career Education Corp. will receive student loan debt relief totaling more than $340,000. At...

Published:  Thu, 17 Jan 2019 17:13:00 GMT

FTC Bans Student Loan Debt Relief Scammers

Student loan debt relief scammers were on the receiving end of a ban by the Federal Trade Commission (FTC) as part of the agency's Operation Game of Loans. In addition to the ban, the defendants are s...

Published:  Thu, 17 Jan 2019 12:00:00 GMT

Lake Michigan Credit Union offering Federal Employee consumer loan relief during government shutdown

GRAND RAPIDS, MI (January 18, 2019) - Lake Michigan Credit Union is offering LMCU members who are qualified Federal Employees affected by the government shutdown a no fee payment deferral available on ...

Published:  Fri, 18 Jan 2019 05:30:00 GMT

Regions Financial Q4 focus on costs, branch consolidation

Sees 2019 adjusted average loans growth low single digit, consistent with forecast GDP growth. Q4 adjusted EPS figure excludes a 1-cent charge related to branch consolidation and severance from ...

Published:  Fri, 18 Jan 2019 04:49:00 GMT

Financial Mindfulness: Live and Let Go of Debt-Related Stress by Timberline Financial

Our team of highly skilled professionals will evaluate your current situation to see if you may qualify for one of our debt relief programs. You don't have to struggle with high-interest credit card d...

Published:  Fri, 18 Jan 2019 04:52:00 GMT

Money Matters: Take charge of student debt

Refinancing is available only with a new private loan. You might want to review federal consolidation loans, as well. Please note that if you refinance your old loans, you will have to abide by the te...

Published:  Thu, 17 Jan 2019 12:38:00 GMT

3 colleges that help you handle student debt

1. UNIVERSITY OF PITTSBURGH The University of Pittsburgh is offering graduating seniors up to $5,000 in federal student loan relief with one request: They pay it forward. The school's new program, Pan...

Published:  Thu, 17 Jan 2019 16:40:00 GMT

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