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Franklin Debt Relief, LLC is a member of (TASC) The Association of Settlement Companies. This trade association has developed a standardized industry disclosure for consumers.
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Credit Card Debt Consolidation Help in Mississippi Call Today: (877) 274-1260 |
Start here for debt help! |
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Mississippi Debt Relief Debt settlement, also known as debt negotiation and debt reduction, is the process by which we negotiate and settle a debt for a reduced amount on behalf of a client. In most circumstances, Franklin Debt Relief drastically reduces the monthly payment of our Mississippi clients, and we settle their debts for between 40 and 50% of what is owed. The savings from our debt settlement program are tremendous, and it is the cheapest and fastest debt relief, debt consolidation or debt help option available to consumers throughout Mississippi.If you're overwhelmed with credit cards, medical bills, balances from a repossession, or accounts in collections, call for a free consultation: (877) 274-1260. Pertinent Mississippi Debt Relief and Debt Help Laws (This is intended to be a helpful and informational debt resource for Mississippi consumers and does not constitute legal advice. For legal advice about your situation, contact a licensed professional in Mississippi.)Debt Collection Mississippi follows the set of federal laws dealing with collection agencies (and law firms that collect debts) that are collectively known as the Fair Debt Collection Practices Act (FDCPA). For more information on the FDCPA follow this link: debt collection. Maximum Interest Rate a Collection Agency Can Charge in Mississippi: 8% Wage Protection: 100% protection for 30 days; thereafter, 75% of disposable weekly earnings (after tax income) or 30 times federal hourly minimum wage, whichever is greater Statute of Limitations A statute of limitations is a law that sets forth the maximum period of time, after certain events, that legal proceedings based on those events may be initiated. For debt, the statutes of limitation apply to the maximum period of time after a consumer has become delinquent on their payments. The key point to remember is that you are considered delinquent not from the date of your last payment, but rather the day after you have gone past due. In other words, if you made your last payment on 3/3/03 and your next payment was due the same day of the next month, the statute of limitations on the debt would not start running until 4/4/04. The statutes of limitations vary from state to state and depend on the type of debt and where the original transaction took place (i.e. if you took the loan out in California but currently live in Mississippi, the applicable statutes of limitations would be California's.) Oral Agreements: 3 years Written Contracts: 3 years Promissory Notes: 3 years Open Accounts (credit cards): 3 years Mississippi Bankruptcy Courts United States Bankruptcy Court Northern District of Mississippi Thad Cochran U. S. Courthouse 703 Hwy 145 North Aberdeen, MS 39730 100 East Capitol Street Jackson, MS 39201 Dan M. Russell, Jr. U. S. Courthouse 2012 15th Street, Suite 244 Gulfport, MS 39501 Bankruptcy Exemptions Bankruptcy exemptions are protected assets that the bankruptcy code mandates that a debtor is entitled to keep in order to adequately get a "fresh start" after filing. Bankruptcy exemptions vary from state to state, and the following list is the property that is protected in the bankruptcy code of Mississippi. For more information, follow this link: bankruptcy exemptions. Real Estate, Auto, Personal Property -Property you own and occupy to $75,000 (mobile home does not count, property cannot exceed 160 acres and sale proceeds exempt) -If over 60 and married or widowed may claim former residence -Mobile home to $20,000 -Motor vehicle to $10,000 -Tangible personal property to $10,000: any item worth $200; furniture, dishes, kitchenware, household goods, appliances, 1 radio, 1 TV, 1 firearm, 1 lawn mower, clothing, wedding rings, tools of trade, books, crops, health aids, domestic animals (does not include works of art, antiques, jewelry besides wedding ring, or electronic entertainment equipment) Insurance -Disability benefits -Fraternal benefit society benefits -Homeowners' insurance proceeds to $75,000 -Life insurance proceeds if clause prohibits proceeds from being used to pay beneficiary's creditors Public Benefits -Assistance to aged -Assistance to blind -Assistance to disabled -Crime victims' compensation -Workers' compensation Pensions -ERISA-qualified benefits, deposited over year before filing -IRAs, Keoghs, deposited over year before filing -Firefighters (includes death benefits) -Highway patrol officers -Law enforcement officers' death benefits -Police officers (including death benefits) -Private retirement and disability benefits -State employees -Teachers -Volunteer firefighters' death benefits Other -Property of business partnership |
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