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Comprehensive Local Credit Card Guide

Mississippi Credit Cards

Credit Card Debt in MS

^ Mississippi residents have average credit card debt of $4,594, which ranks 37th in the nation. [1]

Credit Card Info in MS by City

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Credit Card Delinquency in MS

^ The credit card delinquency rate for Mississippi residents is 0.87%, which ranks 1st in the U.S. [2]

MS Credit Cards

Mississippi Credit Card & Personal Finance Statistics

Mississippi Credit Card Debt


  • Credit Card Debt: MS vs. U.S.
    • Mississippi residents have average credit card debt of $4,594. [1]
    • The average credit card debt amount in Mississippi is 7% less than the national average of $4,965.
    • MS ranks 37th in the nation in average credit card debt. [1]

Credit Card Delinquency in MS


  • Cardholders that are more than 90 days late on credit card payments in Mississippi [2]
    • Mississippi ranks 1st in the nation with a credit card delinquency rate that is 53% greater than the national average of 0.57%.
    • Mississippi Rate: 0.87%
    • National Average: 0.57%
  • Statute of limitations for credit card debt in Mississippi [4]
    • Mississippi: 3 years
    • U.S. Average: 5.4 years

Mississippi Credit Scores


  • Credit Scores: MS vs. U.S.
    • Mississippi residents have an average credit score of 661. [3]
    • The average credit score for Mississippi residents is 5% less than the national average score of 696.
    • MS ranks 51st in the nation in average credit score. [3]

Mississippi Demographics

Income Breakdown in Mississippi

The state of Mississippi has a median household income is $41,936. Approximately 22 percent of households in MS have incomes below the poverty level. [5]



Household Income: Mississippi vs. U.S.

The median household income in the state of Mississippi is approximately 28 percent less than the median income for the United States in its entirety.

For the nation as a whole, the median household income is $58,283, versus the Mississippi median household income of $41,936. [5]


Age Breakdown in Mississippi

In Mississippi, just under 72 percent of state residents meet the minimum age requirement to own a credit card in their own name without a co-signer. [5] [6]



Additional information about Mississippi

About Mississippi

The state of Mississippi has a population of approximately 2,967,297, ranking 33rd in the nation. [5]

MS Credit Cards

More about Mississippi Credit Cards

For more information about Mississippi credit cards, or for additional resources regarding credit cards overall, visit Consumer Financial Protection Bureau.

Did you know?

The first few numbers (even the very first number) of a credit card can reveal a lot. For example, Visa credit cards begin with a 4.

Mississippi Cities

Mississippi ZIP Codes


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References

1. ^ The Washington Post

2. ^ TransUnion

3. ^ Equifax

4. ^ Mississippi State Legislature

5. ^ United States Census Bureau

6. ^ U.S. Federal Reserve