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      July 23, 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.


Tennessee tax-free weekend: What to know before hitting the stores

... Tennessee's annual sales tax holiday takes place every year on the last weekend in July. Check out this story on ... ...

Published:  Sun, 22 Jul 2018 04:43:00 GMT

Mississippi accountant indicted on tax-related charges

A Mississippi accountant, whose clients include a couple convicted of tax evasion, was arraigned Thursday on 11 tax-related charges. The Hattiesburg American reports Carl Nicholson, of Hattiesburg, en...

Published:  Thu, 19 Jul 2018 18:15:00 GMT

Forrest Co. accountant indicted on federal tax charges

prepared false tax returns, which is a violation of Title 18 ... Breland has been in the town of Beaumont, Mississippi for 70 plus years. She currently works at the Beaumont Post Office where she was ...

Published:  Fri, 20 Jul 2018 11:08:00 GMT

Longtime Mississippi Attorney Gets 6 Months for Tax Crime

HATTIESBURG, Miss. (AP) - A longtime Mississippi attorney has been sentenced to six months in prison after pleading guilty earlier this year to filing a false corporate tax return in 2012. The Hatties...

Published:  Tue, 17 Jul 2018 19:57:00 GMT

Women Politicians Laud Move To Make Sanitary Pads Tax-Free

Ms Gandhi, however, earlier had justified the imposed tax saying that scrapping it would kill the indigenous pad makers. Congress lawmaker Sushmita Dev, who last year had launched an online petition w...

Published:  Sun, 22 Jul 2018 07:43:00 GMT

10 things to buy on tax free weekend whether you have kiddos or not

... the tax free weekend since you won't have to pay sales tax Check out this story on ... ...

Published:  Sun, 22 Jul 2018 04:48:00 GMT

A tax even the no-new-taxes crowd could love

Say a Batesville resident buys a sofa in Memphis. The sofa sales tax is paid to Tennessee, not Mississippi. Similarly, when an Indiana resident stays in a Biloxi motel, Mississippi collects taxes on t...

Published:  Mon, 16 Jul 2018 04:20:00 GMT

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