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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.

 

New developer takes over mall site that has state tax aid

That center includes the Mississippi Gulf Coast's only Target store. The state has granted a sales tax rebate worth $96 million to the project under a since-repealed tax provision. Developers ...

Published:  Mon, 17 Sep 2018 06:20:00 GMT



In Tax-Free States, Businesses Squirm At Collecting Online Sales Taxes For Others

Dennis Daugaard signed the measure earlier this month. But in five states - Hawaii, Maine, Mississippi, Oklahoma, and Vermont - collections have already begun, according to the Sales Tax Institute, a ...

Published:  Mon, 17 Sep 2018 08:08:00 GMT



Pascagoula adopts 2019 budget, includes tax increase

PASCAGOULA, MS (WLOX) - City leaders in Pascagoula officially voted in ... "You add the school district tax to this, it's going to put almost all our taxes over 30 percent higher... I can't support it ...

Published:  Fri, 14 Sep 2018 03:44:00 GMT



House sends proposed mining tax reform back to DoF

Ms. Arroyo recalled that when Gloria L ... to pass it," Mr. Dominguez told reporters in a mobile phone message. "Then next priority is (tax) amnesty, [further increases in] alcohol, tobacco, MVUC (Mot...

Published:  Thu, 20 Sep 2018 09:31:00 GMT



European Union Ends Inquiry Into Luxembourg's Tax Deal With McDonald's

"Of course, the fact remains that McDonald's did not pay any taxes on these profits - and this is not how it should be from a tax fairness point of view," Ms. Vestager said in a statement. "That's why ...

Published:  Wed, 19 Sep 2018 08:55:00 GMT



Baker Donelson adds five attorneys to tax practice

a move that gives the Firm one of the largest tax practices in the state of Mississippi. Joining Baker Donelson are C. Ted Sanderson Jr., James A. "Jay" Norris III, Leslie Bounds, William O.

Published:  Fri, 14 Sep 2018 13:01:00 GMT



Kenyatta's New Tax Measures Set to Inflict More Pain

The squeeze on low income families like that of Ms Wangeci's is likely to worsen after ... to be charged at the rate of Sh18 per litre of kerosene The tax will lift kerosene price above the ...

Published:  Thu, 20 Sep 2018 02:05:00 GMT



County raises property tax rate by 2 mills

During their regular board meeting, Lowndes supervisors approved the county's 2018-19 budget, which including a 2-mill tax increase. The new fiscal year starts Oct. 1. The county had expected much bet...

Published:  Sat, 15 Sep 2018 08:03:00 GMT



Mississippi Senate Candidate to African Americans: Stop "Begging for Federal Government Scraps"

Mississippi Governor Phil Bryant quickly condemned McDaniel ... If you value what you get from Mother Jones, please join us with a tax-deductible donation so we can keep on doing the type of journalis...

Published:  Fri, 14 Sep 2018 17:37:00 GMT



Meridian leaders at odds over tax hike; Pay raises sought in public works

"No one wants a tax increase. I don't want a tax increase ... adding that the downtown momentum of the Threefoot Building and the Mississippi Arts + Entertainment Center meant the city needed to conti...

Published:  Tue, 18 Sep 2018 18:44:00 GMT



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