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Debt Consolidation in Mississippi

Mississippi MapAcross 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.


Sen. Blount: Mississippi's burdensome absentee voting process resembles poll tax

And it is not altogether certain they can accomplish the feat, said state Sen. David Blount, D-Jackson, who held a news conference Friday at the Hinds County Courthouse with Circuit Clerk Zack Wallace ...

Published:  Tue, 13 Nov 2018 06:46:00 GMT

UK recognizes Microsoft Dynamics 365 Business Central, NAV for enabling firms to comply with Making Tax Digital

Microsoft has announced that that Dynamics 365 Business Central (D365BC) and Dynamics NAV are now on the United Kingdom's list of software products that support the Her Majesty's Revenue and Customs ( ...

Published:  Thu, 01 Nov 2018 19:03:00 GMT

M/s Dawood Hercules Corporation moves SHC against SCN over super tax

KARACHI: Dawood Hercules Corporation Limited moved the Sindh High Court (SHC) against imposition of super tax imposed by officials of the Federal Board of Revenue (FBR). On November 05, 2018, counsel ...

Published:  Mon, 05 Nov 2018 22:14:00 GMT

Tax byte: Africans fear trend towards levies on data, services

KAMPALA/JOHANNESBURG (Reuters) - The brisk business Julius Kirya did from his cash transfer kiosk in the Ugandan capital has slowed right down with a new tax on mobile money. Many of his customers hav...

Published:  Thu, 18 Oct 2018 03:07:00 GMT

Hybrid, electric vehicle drivers in Mississippi getting hit with additional tax

JACKSON, Miss.-A new Mississippi tax on hybrid and electric vehicles could cost drivers the savings they were seeing at the gas pump. The new tax went into effect at the beginning of the month and cos...

Published:  Sat, 13 Oct 2018 06:38:00 GMT

Mississippi imposes new tax on hybrid, electric vehicles

JACKSON, MS (WLBT) - Owners of hybrid and electric vehicles in Mississippi received a notice from the state Department of Revenue informing them of the new annual tax on their vehicles. The new tax, w...

Published:  Wed, 10 Oct 2018 17:36:00 GMT

Mississippi House Speaker Proposes "Tax Swap" to Fund Bridge Repair

Last Thursday, Mississippi House Speaker Philip Gunn (R) proposed a new "tax swap" designed to target additional revenue toward the state's infrastructure repair needs. This announcement follows an ex...

Published:  Mon, 16 Apr 2018 06:00:00 GMT

Mississippi's 2nd amendment sales tax holiday gives hunters a reason to buy

GULFPORT, MS (WLOX) - Hunters and gun buyers are getting a major break on purchases this weekend. The state's second amendment sales tax holiday is now in full swing. Friday was anything but business ...

Published:  Fri, 31 Aug 2018 15:55:00 GMT

Mississippi's Pro-Growth Tax Swap Proposal

Representative Charles Busby (R) in Mississippi has proposed a plan that would eliminate an income tax bracket, while increasing the tax rate on fuel. The swap would allow Mississippi to transition fr...

Published:  Thu, 15 Feb 2018 13:54:00 GMT

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