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Money Management International – Scam, Complaint, Review, or Praise?

Please share your experience with this debt relief company and provide your review and feedback, in the comments section below.

The goal of this page is to allow people to share information that may be important to help others to make a more informed decision regarding their experience with this debt relief company. Here are some potential questions you might be able to provide feedback about.

  • How did you feel about the customer service experience you received?
  • Was the company easy to communicate with before or after you became a client?
  • Did the company respond to your communications promptly?
  • What were the fees charged for the services you received?
  • Did the company give you the terms and conditions for the program you were interested in before you gave them any personal information?
  • Was the program successful for you and accomplish the goals you had when you entered the program?
  • Did you have a really good experience you can share?
  • Did you have a bad experience you want to share?
  • Is there any other information you’d like people to know that might be considering the services of this company?

It is important to understand when reading comments below that they are the opinions of the individual posters and may not be representative of the overall impression of all consumers that may have or have not used the debt relief services of this company. But everyone does deserve to have an opportunity to express their opinion, even the debt relief company itself, be it good, bad, or indifferent.

Would you recommend Money Management International to others?

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Money Management International - Scam, Complaint, Review, or Praise? by

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About Amanda Miller

Amanda Miller
  • BIG SPENDER

    I’m just a regular person that got behind on some things, which quickly expounded the problem. A friend told me about MMI and I went with them because A. I was exhausted from researching other companies, and B. they totally helped my friend out. After three (3) years i was able to pay everything off. It was simple and easy. I highly recommend.

    • Good Experience with MMI

      MMI is not a scam. I have been with them since 2007. I started with an approximate credit card debt of $15,000 (two credit cards: MasterCard & Capital One Visa) at a roughly 28% interest rate. This really amounted to a loan shark rate and each monthly payment was like bailing water out of a sinking ship. MMI was able to negotiate a 2% interest rate to be paid in installments of $310 for the next 5 years ($25/mo MMI fee). I now have $3,000 (or 10 months) left to pay and am really glad that I made the decision. 

      Actually, I wonder if they do Federal Education Loans, although I doubt it, because some of the Federal Loans have a terrible interest rate — 8%! After I pay off the credit card debt, I hope to be able to focus on the Federal Loan monster.

      • Hideaways

        STAY AWAY. This company uses overseas telemarketers to do their high pressure sales. RUN AWAY.

  • Chris

    I enrolled in MMI in 2006 with $16,000 in credit card debt at 30% APR. After 6 years I finally paid off the debt. My credit score was not affected by enrolling in MMI and they managed to change my APR with the creditor to 15%. I am very satisfied with their services and for the first time in my life finally debt free. It was well worth the small fee each month.

  • we’ll see about MMI

    I was referred to MMI by Bank of America. I’ve setup the payment plan and have paid one month so far. I’ve received a letter from one creditor stating they accept the agreement MMI requested. However the other to creditors have yet to accept the agreement and after the payments sent to them by MMI still state that I have a minimun balance due. I believe that MMI should not accept money from you until all the creditors have accepted the agreement. I think this is where the problem lies. The creditor that has yet to accept told me they don’t like to work with those companies and that I should have talked to them and they would have worked with me. I tried to work with them asking this credit union for a consolidation loan but they denied it. Not sure what I”m going to do know, but I will call MMI and see what they suggest, then if I get no where I’ll call the creditor and ask if they will work with me and they will just keep getting the from MMI (I’m sure they’ll will not turn down any payments, perhaps after this is done so many times they will lower the interest, which is what I want..

  • SB7

    I’ve used MMI for the past two years.  They negotiated with my creditors and convinced them to reduce the interest or remove it entirely.  They are completely professional.  I would recommend them.  While working out my plan, they often contacted me to arrange acceptable payments.  Once it was worked out, my obligations are manageable. The fee is lower than others I’d tried.  Beware of those companies who recommend you allow your debt to go to collections before working out payment plans.

  • Export100

    Big Scam – The are collectors for the banks.

  • Pop

    Money Management International Scams you. I called them and wanted to get the Debt management plan. They said it would be 50 bucks to get me started with the plan. Ok I payed the 50 bucks and then they kept on calling me to say ” we need money for  this or that” i would highly not recommend money management international as they scam you. They say they don’t scam but when you get in there trap, you can’t get out.

  • ALFREDO ARIAS

    THIS COMPANY A COMPLETE SCAM!!!! THEY WILL ROB YOUR MONEY!!!!! RICARDO SERNAS IS A COMPLETE THIEF!!!! 18003082227 EXT 4769!!! SUPER CROOK!!!!!

  • Stay Away from MMI

    I was a client of MMI from early 2007 to mid-way through 2008.  I felt scammed by these people who constantly told me to continue to submit payments, all the while I was watching my debt increase and my credit score plummet.  Not only that, but I was receiving angry phone calls from creditors who claimed that they never entered into a contract with MMI on my behalf, so I was being held responsible for all late payments and late fees, in addition to my monthly payments to MMI.  I was not using any credit cards at all after I contracted with MMI, so my debt amount climbing laid squarely on the shoulders of MMI and poor negotiations with my creditors.  I made all of my payments on time, in the monthly range of $450 but to no avail.  I am in the final stages of filing bankruptcy, thanks to MMI.  The first thing my bankruptcy attorney told me was NEVER work with a debt repayment agency, as they are unsuccessful at clearing debt and restoring credit 90% of the time.  You’re better off filing bankruptcy and starting fresh.

    • aaw214

      this does not seem accurate. I have been with them now for 2 years and no payment has been late–are you sure you have the correct company.

  • SWinVA

    I was referred to MMI by USAA and have been in a debt consolidation program with them for the past 3 years. I should be debt free in the next couple of months. Their customer services is always friendly and professional and I have no complaints!

    • http://GetOutOfDebt.org Steve Rhode

      Excellent. Thanks for the vote of confidence.

  • Sowhatsnew81

    I just called them for the first time today. The only reason that I trust them is because I was referred directly from USAA, who is an extremely trustworthy company. The representative I spoke with was professional and helpful. They were quick and sent me an email with all of the information shared and a breakdown of my options. So far, they are great!!!

    • Llantins

      USAA referred us too and we have had no negative experiences. They are there to help and we do not regret for a moment taking the step forward. It is biblical that whoever borrows from a bank will be their slave. Trusting our finical obligations to MMI is helping us open our slavery chains, and soon we will be free of debt and educated financially with the knowledge of only buy if you have the money, and be wiser when considering a situation an “emergency”. I would say, do not wait a minute more. If you are in debt and you feel you are draw ing, give MMI a call. They will help.

      • http://GetOutOfDebt.org Steve Rhode

        Thank you for posting your feedback.

  • Sowhatsnew81

    I just called them for the first time today. The only reason that I trust them is because I was referred directly from USAA, who is an extremely trustworthy company. The representative I spoke with was professional and helpful. They were quick and sent me an email with all of the information shared and a breakdown of my options. So far, they are great!!!

  • Curt

    I’m contemplating using MMI. I had read somewhere that because they are a non-profit their fees are voluntary and not mandatory. I asked them about this and they said that in the state of TX the fees are mandatory. I was just wondering what your insights were. Thanks

  • Curt

    I’m contemplating using MMI. I had read somewhere that because they are a non-profit their fees are voluntary and not mandatory. I asked them about this and they said that in the state of TX the fees are mandatory. I was just wondering what your insights were. Thanks

  • Steve Rhode

    They are right on that.

  • Steve Rhode

    They are right on that.

  • http://GetOutOfDebt.org Steve Rhode

    They are right on that.

  • WP In NoVA

    I’ve been an MMI client since late 2008 – I started $75K in debt, am now under $39K, and in two years will be completely out from under these banks. It would not have been possible without MMI. I’d researched many debt counseling organizations and MMI was the only credible one.
    As to credit score comments – MMI doesn’t do credit repair, and advises against credit repair schemes. The longer you can go without late payments on your record, and the lower your utilization (% of credit limits you have balances) the higher your credit scores.

  • WP In NoVA

    I’ve been an MMI client since late 2008 – I started $75K in debt, am now under $39K, and in two years will be completely out from under these banks. It would not have been possible without MMI. I’d researched many debt counseling organizations and MMI was the only credible one.
    As to credit score comments – MMI doesn’t do credit repair, and advises against credit repair schemes. The longer you can go without late payments on your record, and the lower your utilization (% of credit limits you have balances) the higher your credit scores.

    • http://GetOutOfDebt.org Steve Rhode

      They are right on that.

  • ComplianceSlave

    Really? Tell me about how your credit score improved. What were the results?

  • Happy MMI Customer

    I was an MMI client from 2003 to 2007. My credit card debt reached nearly $45,000 due to my spending habits and a family member’s longterm illness.
    My dealings with MMI were nothing but professional. Every person that I dealt with was curtious and caring.
    I am glad to say that my credit rating has sky rocketed with help from the professionals at MMI.

  • Happy MMI Customer

    I was an MMI client from 2003 to 2007. My credit card debt reached nearly $45,000 due to my spending habits and a family member’s longterm illness.
    My dealings with MMI were nothing but professional. Every person that I dealt with was curtious and caring.
    I am glad to say that my credit rating has sky rocketed with help from the professionals at MMI.

    • http://www.ftc.gov ComplianceSlave

      Really? Tell me about how your credit score improved. What were the results?

  • Satisfied MMI Client

    I have been an MMI client since 2004. In a few months, I will be out from under tens of thousands of dollars worth of credit debt.

    I have had nothing but positive interactions and results from MMI. The terms set up by MMI were fair and just, and I was treated with dignity and respect at a time when I felt embarrassed about the situation I had created for myself.

  • Satisfied MMI Client

    I have been an MMI client since 2004. In a few months, I will be out from under tens of thousands of dollars worth of credit debt.

    I have had nothing but positive interactions and results from MMI. The terms set up by MMI were fair and just, and I was treated with dignity and respect at a time when I felt embarrassed about the situation I had created for myself.

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