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According to an article in Health Affairs, medical debt in collections peaks when individuals are in their late 20s. This is because younger people tend to make less money than those in their 50s or 60s. Furthermore, younger people are more likely to not have...
Bankruptcy is a scary reality for many people living in Mississippi. Fortunately, the rate of people filing for bankruptcy appears to decrease around the country. In particular, many older Americans over the age 65 no longer have to seek out bankruptcy. It is...
A Mississippi debtor who successfully files for Chapter 13 bankruptcy will go on a payment plan that lasts for three or five years. Payments are made to a trustee, and the trustee then distributes the payments to creditors. How much that has to be paid is based on the...
To properly assess the impact of credit card debt in Mississippi, it's important to compare debt levels with income levels. There is often a disparity in the American South. According to a study by CreditCards.com, however, New Mexico is the state most burdened by...
Often, difficult financial situations seem to snowball. Various types of debt accumulate and become increasingly harder to get rid of. If you owe federal or Mississippi state taxes, it is important to know ways to handle them. Some people assume tax debt just goes...
Mississippi residents and others are on pace to amass $4 trillion in collective consumer debt by the conclusion of 2018. That would be an increase of $1 trillion over the past five years alone. The increase is attributed to both revolving debts and others like student...
Anyone in Mississippi or any other state must wait for eight years before filing for Chapter 7 bankruptcy again. This means it's not possible to file for this same type of bankruptcy, which is popular because it wipes out most debt within months of the initial filing...
