Debt Relief Programs
If you’re burdened by debt in Mississippi, you’re not alone. From Jackson and Gulfport to Hattiesburg, Biloxi, and smaller rural communities, many Mississippians are struggling with growing credit card debt, student loans, and day-to-day financial stress. At APFSC, we offer personalized, non-profit debt relief and credit counseling services to help you reduce your debt and build a brighter financial future.
The Debt Picture
The Reality of Debt in Mississippi
Mississippi has one of the lowest costs of living in the U.S., but many residents still experience financial hardship due to lower average incomes and limited access to financial resources. The average credit card debt per borrower in the state is just over $5,300, while the average student loan debt exceeds $31,000. Roughly 13.1% of Mississippians carry student loan balances.
With inflation increasing the price of everyday essentials and healthcare costs on the rise, many families are forced to rely on credit to make ends meet. Over time, interest rates pile on and debt becomes unmanageable. That’s where APFSC steps in—with real solutions that put you back in control.
How APFSC Helps Mississippi Residents Pay Off Debt
Our process starts with a free consultation where a certified credit counselor evaluates your income, expenses, and outstanding debts. If you qualify, we’ll build a customized Debt Management Plan (DMP) to consolidate your unsecured debt into one affordable monthly payment—typically with reduced interest rates and waived late fees.
With a DMP, you can:
- Combine multiple debts into one monthly payment
- Lower your interest rates through creditor negotiations
- Stop collection calls and late penalties
- Pay off your debt in 3 to 5 years
- Get access to budgeting tools and long-term support
This is not a loan—it’s a structured repayment plan that works with your current income and obligations.
Why Mississippians Fall into Debt
- Medical bills with limited or no insurance coverage
- Low wages or inconsistent employment in key industries
- Credit card use to cover housing, fuel, or groceries
- Student loan burdens with no affordable repayment plan
- Lack of savings or access to financial education
Why a Debt Management Plan Works
A Debt Management Plan is a practical and proven way to eliminate unsecured debts—including credit cards, personal loans, and medical bills—without taking on more loans or damaging your credit. You’ll make one monthly payment to APFSC, and we’ll pay your creditors directly.
Benefits of enrolling in a DMP:
- Reduced interest rates and monthly payments
- Protection from collection agencies and legal action
- A structured path to becoming debt-free
- Improved credit over time through consistent repayment
- Support from certified counselors throughout your journey
Most clients complete the program in 3 to 5 years, depending on the amount of debt and their monthly payment capacity.
FAQ
Will a Debt Management Plan hurt my credit score?
Initially, it might dip slightly, but most clients see improvement over time as they make consistent on-time payments.
How long does the program take?
Most people complete their plan in 3 to 5 years, depending on how much they owe.
Can I still use my credit cards?
Once enrolled in a DMP, those accounts are typically closed to help you stay on track.
Is my information kept confidential?
Yes. All consultations and services are private and secure.
Case Studies
Approved agency for all major creditors including:
