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      May 22, 2018

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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.

 

Time to look ahead at 2019 tax year

It's never too early to plan ahead on how you can have a better tax season by 2019's deadline, so we spoke to accountants and financial planners in Mississippi. "I think the biggest "ėmistake' people make is not having a tax adviser they trust ...

Published:  Thu, 17 May 2018 06:34:00 GMT



Counties Get Revenue Boost From Sale of Tax-Forfeited Land

GREENVILLE, Miss. (AP) - Mississippi counties are continuing to receive money from the sale of property that was given up after former owners failed to pay taxes. Secretary of State Delbert Hosemann's office handles the sale of the tax-forfeited property.

Published:  Sat, 19 May 2018 08:01:00 GMT



Here's how we fund Mississippi road repairs without tax increases

State legislators have been sidestepping infrastructure funding issues like most Mississippians dodge the state's ubiquitous potholes. Indeed, remedying the state's decaying transportation system was one of the 2018 legislative session's primary ...

Published:  Fri, 11 May 2018 10:10:00 GMT



Mississippi man sentenced for federal tax evasion

HATTIESBURG, Miss. (AP) - A Mississippi man had been sentenced for federal tax evasion. The Hattiesburg American reports 44-year-old Michael J. Super was sentenced to serve two years in federal prison and a three-year term of supervised release Thursday.

Published:  Tue, 15 May 2018 21:55:00 GMT



Two misconceptions on the state and local deduction

A Rockefeller Institute of Government report showed that in 2015, taxpayers in low-tax, deep-red Mississippi received $2.13 in federal spending for every $1 in federal taxes paid. In West Virginia, it was $2.07, and in Senate Majority Leader Mitch ...

Published:  Thu, 17 May 2018 21:00:00 GMT



Jury out on whether tax cuts have resulted in more investing

"We can expect those folks migrate to low tax states like Texas, Florida and Tennessee." Mississippi also has less onerous tax rates than some of the northern states, and this perhaps could encourage people to move to Mississippi if they are looking ...

Published:  Thu, 17 May 2018 06:50:00 GMT



Former Hattiesburg business owner pleads guilty to tax evasion

U.S. District Judge Keith Starrett sentenced Michael Super, 44, for federal tax evasion last week ... Super failed to pay trust fund taxes on behalf of... Mississippi Republican Party Chairman Lucien Smith spoke before a crowd at the monthly meeting ...

Published:  Tue, 15 May 2018 18:02:00 GMT



Ms Curvaceous fights back at plus-size 'fat tax'

Corrine Mensah was recently crowned Ms Curvaceous UK 2018. She thinks it's unfair that brands charge more for plus-size clothing, but is there logic behind it Video journalist: Hannah Gelbart

Published:  Thu, 17 May 2018 11:37:00 GMT



Jelly Bellies and big spending: Inside the GOP struggle to sell voters on its tax law

WASHINGTON - Republican leaders and campaign officials are scrambling to do more to sell voters on their signature legislative achievement - a $1.5 trillion tax cut - amid poor polling numbers, rank-and-file members who lack a consistent message and a ...

Published:  Thu, 10 May 2018 17:40:00 GMT



Pune: Property tax worth Rs 357 crore recovered

More than 1.79 lakh tax payers have paid the tax so far.PMC has to collect Rs ... by run-rate after they won their last league match. Kane Williamson and MS Dhoni will be leading two of the most efficient teams in SRH and CSK and the match promises to ...

Published:  Mon, 21 May 2018 08:10:00 GMT



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