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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.


Mississippi tax-free holiday underway

Mississippi shoppers are social distancing while saving money during Mississippi's tax-free holiday weekend. Our goal is to create a safe and engaging place for users to connect over interests and ...

Published:  Fri, 31 Jul 2020 06:01:00 GMT

In Lee County, Mississippi: No vote on moving rebel statue

A Mississippi county named for a Confederate Gen. Robert E. Lee is keeping a Confederate monument outside a courthouse - at least for now. The only Black member of the Lee County Board of Supervisors ...

Published:  Mon, 03 Aug 2020 16:16:00 GMT

Former DOR director: Mississippi is losing "tens of millions' in uncollected business taxes each year

Many businesses don't pay taxes, and the Department of Revenue lacks the manpower to audit and collect.The post Former DOR director: ...

Published:  Mon, 27 Jul 2020 10:30:00 GMT

Key Tax Considerations For Cos. With Remote Employees

As remote work continues due to COVID-19, businesses navigating complex tax jurisdiction questions should diligently maintain employee location records for nexus and apportionment purposes, and make ...

Published:  Mon, 03 Aug 2020 14:19:00 GMT

What's tax-free in the Mid-South this weekend

Shoppers in Tennessee, Arkansas and Mississippi can buy tax-free this weekend. Tennessee will offer double the savings.

Published:  Fri, 31 Jul 2020 20:18:00 GMT

Mississippi's sales tax holiday to begin July 31

Mississippi's 2020 Sales Tax Holiday begins Friday, July 31, through Saturday, August 1. According to the Mississippi Sales Tax Holiday, sales tax is not due on ...

Published:  Fri, 24 Jul 2020 12:37:00 GMT

Maine residents pay 60 cents per gallon in wine taxes

Maine wine drinkers pay the equivalent of 60 cents per gallon in state wine excise taxes, according to a new analysis from the Tax Foundation based on January 2020 data.

Published:  Mon, 03 Aug 2020 06:00:00 GMT

Mississippi Sales Tax Holiday offers incentives for back to school shopping

The Mississippi Sales Tax Holiday, geared for back to school shopping, is July 31 and Aug. 1, giving people an extra incentive to shop local. Shoppers can save the state ...

Published:  Wed, 29 Jul 2020 05:00:00 GMT

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