Known for its rich jazz and blues history, beautiful magnolia blossoms and southern hospitality, Mississippi is a unique and affordable place to call home. Unfortunately, many Mississippians struggle to pay their credit card bills and student debts. If you are overwhelmed with debt and looking for a way out, Accredited Debt Relief may be able to help.
Mississippi Financial Statistics
- Mississippi's debt-to-income ratio is 1.391.
- The average Mississippian has a credit card balance of $7,433 and a median annual household income of $43,529.
- The Magnolia State has been ranked as the #1 cheapest state to live in, but those living in Oxford, Starkville and Bay St. Louis pay more in living costs than the rest of the state.
Is Debt Settlement Right For Me?
When you’re drowning in debt and struggling to make your payments, it can be hard to envision a debt-free life. If you’ve tried getting out of debt on your own with no success, working with a trusted debt settlement company may be your next best option.
Debt settlement companies work directly with your creditors to reach an agreement on the repayment of your debts. These negotiations typically result in a settlement that is lower than the amount that you originally owed, which means you may be able to pay off your debts quicker than anticipated.
Another perk of this debt relief process is the program’s format. While the debt settlement experts work with your creditors, you will deposit a single monthly payment into a dedicated account that you own. Each time a settlement is agreed upon, your account will be used to pay the newly negotiated settlement. Streamlining these payments into one account helps reduce the risks that come with trying to keep track of multiple bills and payments on your own.
If you have more than $7,500 in unsecured debts and are unable to pay them off on your own within the next four years, debt settlement may be right for you.
Mississippi Debt Settlement and Consolidation
Accredited Debt Relief is a BBB accredited financial services company providing debt settlement and consolidation services to individuals throughout Mississippi. Whether you’re from Jackson, Gulfport, Southhaven, Hattiesburg, or somewhere in between, we can provide you with a free, no obligation consultation. Contact us today to learn how we can help you gain control over your debt.
Chamber of Commerce: https://www.chamberofcommerce.org/credit-card-debt-by-state
Federal Reserve State Level Debt-to-Income Ratio, 1999 - 2018:https://www.federalreserve.gov/releases/z1/dataviz/household_debt/state/map/#year:2018