How to Eliminate Debt in Mississippi

The Mississippi state capitol building in Jackson.

Mississippi has a long and difficult history. From the mid 1500s, conquering European nations have battled over ownership of the area. At different points, Spanish, British and French explorers battled for true occupation until it finally was settled as an official state in 1817.

During the 1800s, slave labor provided the state’s greatest economic output in the form of cotton production.

The state played a key role in the Civil War thanks to its strategic location beside the Mississippi River. Over 10,000 soldiers from the state died in the war, but even after losing the battles, Mississippi fought hard to hold onto segregation. The abolishment of slavery as ratified in the 13th Amendment passed in 1865. Mississippi, however, did officially adopt the amendment until 1995. Thus, the state has long been a battleground for civil rights movements and protests.

Thanks in part to the varying and diverse cultures originating from Mississippi, the music that has emanated from that part of the country is similarly varied. Blues was born in the Mississippi Delta which has also been a hub for gospel, Southern rock and roll and country music.

Today, agriculture and food production provides Mississippi’s top industry. As sweet potatoes and catfish are two of the state’s biggest exports. Cotton also continues to rule their economy which is supported by the larger cities of Jackson, Gulfport and Hattiesburg.

The Overall Debt Situation in Mississippi

Mississippi has a problem with medical debt. From 2012 to 2015, the state had the highest percentage of people with past due medical debt in the nation. Medical debt is the leading cause of bankruptcy in the United States.

Mississippi has its other debt areas somewhat in check. The state ranks 39th in credit card debt which could be attributed to consumers having difficulty getting credit. The state sits at 22 points below the national credit score.  In student loan debt, the state has a manageable $14.4 billion in debt.

Mississippi Debt Fast Facts

  • Population: 2.9 million
  • Median Household Income: $44,717
  • Average Credit Score: 677 (the national average is 669)
  • Average Credit Card Debt: $6,673
  • Average Student Loan Debt: $35,550
  • State Debt Total: $7 billion

Debt Relief Laws That Protect Mississippi Residents

Disclaimer: The information shared herein is intended to be a free resource for Mississippi consumers looking to dismiss debt and does not constitute legal advice.

Whether battling credit card debt, medical debt or private student loan debt, Mississippi has long been known for passing debt resolution laws that aggressively protect its citizens.

If you are embroiled in a deepening debt situation in Mississippi, Resolvly can help find an expert team of seasoned debt resolution lawyers to get debt advice that might eliminate debt or at least dismiss debt as soon as possible.

The Fair Debt Collection Practices Act

There are many ways to find debt relief and fight harassing debt collectors and defend a debt lawsuit. In one case, every consumer has specific debt dismissal rights invoking the federal laws outlined in the Fair Debt Collection Practices Act (FDCPA).

The FDCPA as it relates to Mississippi residents specifies how to eliminate debt by enforcing your consumer rights against harassing debt collectors. For example, a collector can only call an individual between the local hours of 8am and 9pm. In addition, collectors cannot harass individuals or threaten a citizen with bodily harm or the potential of arrest.

Mississippi locals in debt also have the ability to stop collectors from repeat callings by sending a physical letter to the agency requesting a cease and desist from the pestering calls. If the FDCPA is violated, a debt resolution company can find you debt defense attorneys who can help you get out of debt and also seek damages and attorney fees.

The Fair Credit Reporting Act

Another consumer protection law designed to assist Mississippi residents from false or misleading credit information is the Fair Credit Reporting Act (FCRA) which can protect consumers against credit card debt becoming a lawsuit. The FCRA protects the privacy and accuracy of your personal credit history. If an entity violates your rights outlined in the FCRA, there are legal actions that could not only dismiss debt, but earn monetary damages in addition to the recoupment of attorneys’ fees.

The statute of limitations for debt collection and thus debt dismissal is five years in Mississippi. There are other debt collection acts unique to the state of Mississippi that a debt resolution attorney can use to defend you in case of a debt lawsuit.

Let Resolvly Find The Right Debt Relief Lawyer

When it comes to dealing with debt – whether medical debt or credit card debt – ignoring the problem won’t make it go away. Utilizing the legal referral service of Resolvly, can help you hire a lawyer to get out of debt by helping you understand your specific circumstances, and clear the path to debt relief and debt resolution.

We work with consumer protection lawyers trained in debt relief to protect your rights, fight harassing debt collectors and hopefully eliminate debt completely.

Resolvly helps you hire a lawyer to help dismiss debt so that you can live debt free. Our goal is to help you attain true financial freedom and debt resolution. We offer a free consultation designed to refer you to a consumer defense attorney who will work to eliminate your debt. Simply call 866-955-5047 to speak with a debt freedom specialist who will help guide you on the path toward debt resolution so you can once again be debt free.

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