Find Collection Agencies in Mississippi

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List of collection agencies in Mississippi.

• • Smith, Rouchon & Associates (SRA) :  Jackson
  • ARS Collections : Flowood
  • Southern Financial Systems (SFS) : Hattiesburg
  • TCM Inc : Corinth
  • South Ms. Collection Service (SMCS) : Moss Point
  • Receivable Solutions Specialist Inc (RSSI) : Natchez
  • Medical Management Strategies (MMS) : San Luis Obispo
  • Alliance Collection Service : Tupelo
  • Franklin Service : Tupelo

Debt Collection Laws in Mississippi

1. Fair Debt Collection Practices Act (FDCPA): Mississippi, like all states, is governed by the federal FDCPA. The FDCPA prohibits debt collectors from using abusive, unfair, or deceptive practices to collect debts from consumers.
2. Mississippi State Laws: Mississippi does not have as extensive state-level debt collection laws as some other states. This means that consumers in Mississippi primarily rely on the protections offered by the federal FDCPA.
3. Statute of Limitations: Mississippi has a statute of limitations that limits how long a creditor or collection agency can pursue a debt through the court system. The statute of limitations for open accounts (such as credit cards) and written contracts is generally three years.
4. Wage Garnishment: Wage garnishment is legal in Mississippi, but it is subject to federal limits. Under federal law, the lesser of 25% of disposable earnings or the amount by which a person’s weekly income exceeds 30 times the federal minimum wage can be garnished.
5. Bank Account Garnishment: A creditor who has received a judgment against a debtor can also attempt to garnish the debtor’s bank account in Mississippi.
6. Exemptions: Mississippi law provides certain exemptions for property that cannot be seized by creditors to satisfy debts. This includes homestead exemptions and exemptions for certain personal property.
7. Judgment Interest Rates: In Mississippi, judgment interest rates may be applied to unpaid debts that have been taken to court. The interest rates can vary and are meant to incentivize repayment.
8. Communication and Harassment: Under the FDCPA, debt collectors are prohibited from using harassment or abusive tactics when communicating with consumers. This includes limitations on when and how often they can call, and restrictions against using threatening language.
9. Debt Validation: Under the FDCPA, consumers have the right to request validation of the debt. The debt collector must prove that the consumer actually owes the debt and that the amount is correct.
10. Penalties for Violations: If a debt collector violates the FDCPA, consumers have the right to sue the collector in state or federal court for damages.

Please be aware that this information might change over time, and it is advisable to check for the most recent legal updates or consult with an attorney who specializes in debt collection laws in Mississippi for the most accurate information.

A collection agency licensed to collect debt in Mississippi can collect debt in the entire state, including Jackson, Gulfport, Southaven, Hattiesburg, Biloxi, Meridian or Tupelo.