I Have Contacted CCCS and Money Management International And Was Told They Can’t Help Me. – Josephine

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“Dear Steve,

I have contacted CCCS and Money Management International and was told my debt/inome ratio would make it impossible to make payment arrangements with citi that I owe $25,000.00. Then I saw a bankruptcy attorney.

The bankruptcy atty told me that I have too much equity in my house to go bankrupt and yet I can barely make ends meet with the mortgage payment I have. How can I keep my house and pay back Citi?

Josephine”

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  • Greeneyedjackie

    I am in MMI right now. I married into debt without knowing it, saw their ad online, called, and they had everything set up in less than a month. They lowered all of my (my husband’s) credit card interest rates by at least half. One from GE Money was 29.9% and they lowered it to 15%, this lowered the amount you have to pay out as the minimum payment as well. They were very forward with information and they walked me through it all step-by-step. YOU have to provide them with information, but they do the rest. This isn’t a scam. I live in Alabama, need to have my husband out of debt so we can get a house, and they have made that possible. We have been doing it for over year, and I am over halfway done with getting it all settled. Starting with $24,000+, we are down to less than $8,000, but I am adamant about getting out of debt. If you want it to work, you have to be too.

  • Greeneyedjackie

    I am in MMI right now. I married into debt without knowing it, saw their ad online, called, and they had everything set up in less than a month. They lowered all of my (my husband’s) credit card interest rates by at least half. One from GE Money was 29.9% and they lowered it to 15%, this lowered the amount you have to pay out as the minimum payment as well. They were very forward with information and they walked me through it all step-by-step. YOU have to provide them with information, but they do the rest. This isn’t a scam. I live in Alabama, need to have my husband out of debt so we can get a house, and they have made that possible. We have been doing it for over year, and I am over halfway done with getting it all settled. Starting with $24,000+, we are down to less than $8,000, but I am adamant about getting out of debt. If you want it to work, you have to be too.

    • Bprlal13

      Very happy for you Greeneyedjackie that mmi, was able to help you,I currently worked for this company and very proud to do so,we are non-profit  and offer free credit counseling with a certified experience counselor,and there is no cost at all to speak to one of our debt and budget counselor,but first the client has to provide us with their basic,info.to better assist them and let them know what exactly we can help  with ,and in order to negotiate with creditors.It is hard to  see a client who needs our service ,walk away by simple not wanting to provide basic information.I can tell you that the people who work for mmi,must have a desire to help people.

  • Aharris

    MMI saved my future! While I am repaying ALL of what I owe, they negotiated my citibank card from 16% to 1.5% and my B of A card to 2%. I now pay less than I did to those 2 cards, and instead of 34 years to pay them off, I will be debt free in 5 yrs. Plus, instead of 67,000 dollars in interest, when all is said and done, I will have paid $2,300! Worth a hit on my credit for the short term most certainly!

  • Lois Layne

    Josephine, I feel for you. Citi gave me hell. They do not negotiate equitably. For whatever reason it was a year before I finally got a payment plan they would accept. I prayed a lot. I prayed a lot. I prayed a lot. I did not want my family to know what had happened. I gave up caring about the status of my credit. I’m educating myself on laws. I’m surprised the attorney was not of more help. George Bush changed the bankruptcy playing field when his first term in office. They’re trying to force you to take out a loan against your house (which I think is still tax deductible). You are not alone in this fight. The banksters are out of control. I was truly suicidal, but then the creditors would have won.

  • Lois Layne

    Josephine, I feel for you. Citi gave me hell. They do not negotiate equitably. For whatever reason it was a year before I finally got a payment plan they would accept. I prayed a lot. I prayed a lot. I prayed a lot. I did not want my family to know what had happened. I gave up caring about the status of my credit. I’m educating myself on laws. I’m surprised the attorney was not of more help. George Bush changed the bankruptcy playing field when his first term in office. They’re trying to force you to take out a loan against your house (which I think is still tax deductible). You are not alone in this fight. The banksters are out of control. I was truly suicidal, but then the creditors would have won.

  • Bigirishmike

    A better number to contact would be, 1-800-308-2227.

  • Bigirishmike

    The charge for a DMP(Debt Management Plan) will vary depending on your financial situation.

  • Irene

    I owe about 30K to credit card companies. MMI has locked me in at 3 percent on 3 of my cards and 6 percent on my remaining 1 card. This is much better than the 12 percent rate on the 3 cards and 29 percent rate on the one card. Where it was going to take me 30 years to pay off my debt at a rate of 600 a month, I’m now looking at more like 4 years and 7 months paying the same amount I was before. The consultant I spoke to was the most informative, helpful person I’ve ever encountered in the financial world. I was not charged anything for their services, due to the fact that I am considered low-income (I lost my job and have no foreseeable employment – actively looking of course). They were helpful, not condescending and most importantly have allowed me to feel empowered. I am SO happy and feel so good about taking control of my debt. I highly recommend contacting them: 18888455669. Best of luck to all of us in making good on our debts!

    • Bigirishmike

      A better number to contact would be, 1-800-308-2227.

  • Linda J.

    I absolutely agree that MMI is a great company! Good service, and very helpful. But I hope people don’t get them mixed up with those “debt settlement” companies that claim you don’t have to pay back all you owe. Those are a rip-off! With MMI, you pay back every cent you owe, but they help you get a better interest rate and manage the whole process. I’ve done it, and my credit score is great now.

    • http://www.nyplwebs.com RafQ

      I have heard very good things about MMI(I checked BBB and they are A+) but my wife is very skeptical, how much did the services cost you? is there anything that you didn’t like about them?

      thanks.

      • jessica

        They charge $50/ month for their services, but boy is it worth it! The difference in the interest rates they negotiate for you and the monthly payment amounts they workout for you make all the difference. I had a credit card with a $15K balance and they got my interest rate reduced to 0%!! Amazing!

      • Bigirishmike

        The charge for a DMP(Debt Management Plan) will vary depending on your financial situation.

    • Aharris

      MMI saved my future! While I am repaying ALL of what I owe, they negotiated my citibank card from 16% to 1.5% and my B of A card to 2%. I now pay less than I did to those 2 cards, and instead of 34 years to pay them off, I will be debt free in 5 yrs. Plus, instead of 67,000 dollars in interest, when all is said and done, I will have paid $2,300! Worth a hit on my credit for the short term most certainly!

  • Cathy

    I can’t say enough GOOD things about Money Management International. They have helped us get out of $45,000 worth of credit card debit in 48 months. I have been very happy with them, the customer service reps are always helpful.

    If you are considering them and reading the other bad posts they are probably extreme circumstances or are not reporting the whole situation to this board.

  • Jody

    I am dealing with MMI and they are not hurting either my credit and have me locked in at 5%. Make sure there is 3 weeks between the time you pay MMI and the due date for creditors and you can’t ruin your credit with them! Google search Suze Orman CCCS video also.

  • http://sbcglobal.net Suzanne

    I have been in a MMI program for 36 months I will be done in 7 more months. I highly disagrre with your account. My payments to creditors are always on time and I’m almost done. They couldn’t have been more helpful

  • Tricia

    I am not a expert but have seen the work of CCCS on credit reports and it’s not good. More often than not payments are paid late while people are in the program which is why so many underwriters viewed CCCS as a form of chapter 13 bankruptcy. If you own a home and need to refinance to reduce your payment and allow you to skip a payment call a GOOD loan officer – I have used John Hardimon at Prime Lending 2140703-6691. Not all LO’s are equal. If you are paying rent- your rent, food and utilties are number one. If you cannot pay your credit cards and they go in default it’s not going to be good for your credit but you can payoff later when your situation changes. BEFORE you default call your credit card companies to see what they can do to work with you. They may make payment arrangements with you but ultimately look at every dime you spend. Don’t eat out, reduce your children’s extracurricular activities, don’t buy extra clothes etc. Clip coupons for groceries- look into http://www.grocerygame.com. Good luck, it’s not the end of the world it’s just a season. :)

  • Tinomai

    This information is not to be considered as legal. Use is to the discretion of the reader.
    Hi,
    First I must tell you that your mortgage is very important so keep up as best as you can. As for citi, If the account is still inhouse, contact the workout department and make arrangements as per your budget but be honest. If you are in default the account will go to collections and you can make payment arrangements then. If the collection agency won’t come to terms with you, make consistant payments that are documented (copies of money orders)and sent by certified mail so the agency must sign for it. If the payments are accepted at least 3 times that would be considered an arrangement. Therefore you should continue to follow the forced arrangement. On the other hand if they refuse your money, they are refusing payment and the debt is then null.

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