Mississippi Residents Get Debt Relief

Since over 20 years, Consolidationnow has helped Mississippians find relief from debt. This includes paying off their unsecured debt. Over that time, we are proud to have developed such great relationships with people and organizations.

A non-profit debt relief agency like Consolidationnow can help you get out of debt.

We are not your typical debt relief agency. Every year, we spend hundreds of hours teaching people all ages about the dangers of getting into debt and how to build a strong financial foundation. While we take a proactive approach, we are able to help with current financial problems.

Our goal is to prevent financial discourse by education. This may seem counter-intuitive to some businesses. However, it is our mission to “Everything Revolves Around Ed” because we believe that everyone can have a better quality of life if their finances are healthy.

The Consolidationnow Counselors are highly qualified and skilled in personal finance. They will treat you with compassion, understanding, and care. They will treat you as an individual. Because we know your situation is unique, we will provide the best-individualized care.

Mississippians Face Unique Financial Challenges from Pandemic

In 2020, the financial consequences of the COVID-19 pandemic had severe economic implications for Mississippi.

Mississippi experienced a significant increase in unemployment insurance claims in the early 2020s, after COVID-19 lockdowns were in effect. While the long-term economic effects aren’t known, they will be felt for a while.

Mississippi Statistics that Show the Need for Debt Relief

In 2018, the average household credit card debt in Mississippi was $6,673. It is worth noting that Mississippi ranks 29th in the country for average household credit card debt, compared to other states. If credit card debt is not paid in full each month it can become expensive and can take many years to repay.

Mississippi has the highest rates of delinquency

If a debt is not paid on time, it may become more costly, especially if the fees for late or over-limit payments are added. In the case of credit cards, the lender might raise the APR rates if a payment is not made on time. This is a bad thing for consumers as it makes an already difficult situation even more difficult.

8.4% of all credit card payment are late in Mississippi. This puts the state (reviewing the delinquency index for various loan products), in the worst place in the country. 

It also highlights the difficulties Mississippi residents face when it comes time to deal with their debt.

Mississippi Help with Debt

Consolidationnow advises residents to be cautious when looking for debt relief services. There are many for-profit companies with poor track records. It’s possible that a deal seems too good to be true if it is.

It can be frustrating and tiring to deal with debt. We have heard from many people that they regret not having done their research before signing up for a company. 

However, they quickly got rid of the debt and, in some cases, it made matters worse.

It is important to take the time to do your research. You should consider the long-term and short-term consequences. 

Consider the costs and what possible damages to your credit score and personal credit history. It is important to be open and honest about your debt situation.

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