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Debt Relief Mississippi

Finding solutions to avoid delinquency, debt collections and bankruptcy.

Residents in Mississippi have no shortage of challenges when it comes to debt. Seven out of every 100 borrowers have at least one bill that’s more than 90 days past due. The average credit score is just 672 and that’s not surprising, given that credit users currently use almost 40% of their available credit. Anything higher than 30% credit utilization will decrease consumer credit scores.

It’s a tough situation, but savvy borrowers are finding ways to overcome these challenges, such as using debt consolidation to solve issues with credit card debt. If you’re struggling to overcome your own challenges with debt, we can help. Call Consolidated Credit today at (844) 923-4849 to request a free debt and budget analysis from a certified credit counselor.

Don’t keep struggling to pay off your credit card balances with minimum payments! Talk to a certified credit counselor to find a solution today.

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Mississippi credit card debt statistics

The statistics below can help you understand the current situation with household debt that families in Mississippi face today.

  • Household credit card debt: $9,668
  • Total credit card debt in the state: $9,886,711,471
  • Average number of cards per user: 2.81
  • Average credit card debt per user: $5,587
  • Credit card delinquency rate: 10.60%
  • Average credit card late fee: $29
  • Credit card fraud reports per capita: 08.98
  • Average credit score: 672

This chart shows a breakdown of average consumer debt in Mississippi, based on the latest report of Household Debt report from the Federal Reserve.

2023 household debt in Mississippi from Fed Reserve

Debt Relief Mississippi: See our program in action!

Breanna of Petal, Mississippi, called Consolidated Credit. She’s now debt-free, thanks to her hard work and dedication to sticking to a Debt Management Program.

Consolidated Credit caught up with Breanna recently. Here’s what she has to say about the program:

Featured Video

Breanna, a Consolidated Credit Alumna Shares Her Experience With the Program

The following case studies come from real clients of Consolidated Credit who live in Mississippi. This gives you an idea of how we’ve been able to help some of your neighbors, so you can decide if credit counseling is the right choice for you, too.

Case Study

Shawn from Biloxi, MS

“Excellent customer service. They really work to help you and when asked questions customer service takes time to explain. ”

Where he started:
  • Total unsecured debt: $23,544.00
  • Estimated interest charges: $13,620.85
  • Time to payoff: 14 years, 3 months
  • Total monthly payments: $941.76
After DMP enrollment:
  • Average negotiated interest rate: 10.63%
  • Total interest charges: $3,578.86
  • Time to payoff: 3 years, 9 months
  • Total monthly payment: $600.00
Time Saved

10 years, 6 months

Monthly Savings

$341.76

Interest Saved

$10,041.69

Case Study

Thomas from Verona, MS

“We wished we had found your company and done this years ago! It’s a great service and we can’t say Thank You enough. ”

Where they started:
  • Total unsecured debt: $16,600.00
  • Estimated interest charges: $9,580.53
  • Time to payoff: 12 years, 1 month
  • Total monthly payments: $664.00
After DMP enrollment:
  • Average negotiated interest rate: 10.43%
  • Total interest charges: $4,194.84
  • Time to payoff: 4 years, 2 months
  • Total monthly payment: $418.00
Time Saved

7 years, 11 months

Monthly Savings

$246.00

Interest Saved

$5,385.69

Case Study

Verna from Olive Branch, MS

“We could have never gotten out of debt without Consolidated Credit. Our monthly income is still tight, but now we’ll be able to breathe and even retire. They gave us excellent service and saved us thousands. ”

Where they started:
  • Total unsecured debt: $55,785.00
  • Estimated interest charges: $32,712.16
  • Time to payoff: 14 years, 7 months
  • Total monthly payments: $2,231.40
After DMP enrollment:
  • Average negotiated interest rate: 8.55%
  • Total interest charges: $10,175.19
  • Time to payoff: 4 years, 4 months
  • Total monthly payment: $1,272.00
Time Saved

8 years, 4 months

Monthly Savings

$959.40

Interest Saved

$22,536.97

Take the first step to find relief from credit card debt today. Talk to a certified credit counselor to find the fastest way to get out of debt.

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