Best Debt Consolidation Loans in Mississippi of 2023

According to MoneyGeek’s research, the average Mississippi resident has $17,692 in personal loan debt and $4,819 in credit card debt. The average interest rate in the state for a personal loan is also 9.19%. However, the loan amount and interest rate you’ll receive will depend on lenders’ evaluation of your credit score, income and debt-to-income (DTI) ratio. If you’re looking to simplify your finances by combining multiple debts, you might want to consider a debt consolidation loan, which generally has lower APRs than other types of loans.