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Tag Archives: mmi

I Can Make the Minimum Credit Card Payments But Trying to Decide Between MMI and Bankruptcy. – Tony

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“Dear Steve, Own a home, divorced, alimony is $375/month through May 2013, a $500/month loan with lending club through July 2013. House payment is $1,250 including assessments. Credit card debt alone is $25,000. Lending Club loan has about $6,000 left. Total unsecured debt is about $35,000, including student loan. My house isn’t selling — the one two floors below just ... Read More »

Are CareOne, MMI, Clearpoint, or GreenPath Credit Counseling Companies Legit? – Leah

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$26,000 in credit card debt and medical bills piling up since my surgery last year. I lost one income since my surgery and only able to make minimum payment on my credit cards. I have been looking into several credit counseling companies for a week now and I would like to get in a Debt Management Plan. I would like ... Read More »

Is it Legitimate for MMI to Ask for a Service Fee of $12 a Month and $50 Start Up Fee since they say they are non-profit? – Bea

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“Dear Steve, I recently signed up with MMI to lower high interest (29.9%) credit cards that my husband had. I was told that the initial fee for the month would be $50 plus $12, plus another $10 cushion. After that the $12 plus $10 per month would apply. They would then manange and disburse payments to the creditors. If they ... Read More »

Is Money Management International a valid company or is it a scam? – Leanna

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I have some balances with Chase. A Chase representative called me when I missed a payment. I told him I have hardship and can not pay. He gave a number to MMI. I called and spent almost 2 hours on the phone with a very professional, trustworthy sounding individual who pulled my credit report and proposed a debt restructuring plan ... Read More »

I Was Thinking of Enrolling With MMI. – Mae

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I have a 48,000 credit card debt and I am seriously thinking about enrolling in Money Mangagement International Debt Management program. I understand that I would be debt free in about 5 years. I am to make my monjthly deposits and they would represent me with my creditors. Are they completly legitimate? I am uneasy about this and any other ... Read More »

Swindell & Associates, Texas, now affiliated or referring to Macey Bankruptcy Law? – Yale

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Went to a Swindell office in Fort Worth for bankruptcy consultation, and counseled toward debt management program, in order to retain assets. 40% debt settlement by implied promise, monthly payments to a special acct. until enough accumulated to negotiate settlement with largest creditor, then next largest, etc. Monthly pmts include our fee to Swindell (Macey?) We will be dunned and ... Read More »

I Can’t Afford My Money Management International Payment Anymore. – Paul

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“Dear Steve, Signed up with MMI (MoneyManagement Intl) about 1 year ago. Now my wife is not working full time which is about 2000 hit to our monthly income. It’s possible that in the next 6 to 12 months she’ll have a better paying job than she had – in the mean time were are about $1,000 short per month. ... Read More »

Should We Go With MMI Since We Can’t Find a Debt Consolidation Loan? – Tony

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“Dear Steve, Over the years due to some large emergency expenses, not having an emergency fund, overspending on our part and a decrease in my income my husband and I have accumulated a large amount of credit card debt. We have always valued our good credit and have always kept a handle on it, but credit card APR and limit ... Read More »

I Have Questions About Entering a Debt Management Plan With MMI. – Jennicka

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“Dear Steve, Thank you for your site. I’m at a precipice and need your help. I am employed making $130,000 a year with $76,000 in debt, with mortgage and school tuition monthly payments of $3200 a month not including utilities, car/home maintenance etc. My husband has been laid off since May and with the credit card rate increases it is ... Read More »

MilitaryOneSource.com Sent Me to Money Management International But I Need More Help. – Jennifer

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“Dear Steve, I have a problem with debt– My husband and I both work– and have decent incomes– we own a house– are up to date with our bills– but our past credit cards will never go away– they keep growing– the interest rates are too high (23%, 21%,etc) we keep paying the minimum–(that’s all that we can afford) we ... Read More »

I Had a Payment Plan With Money Management International But Today My Income Was Cut in Half. – Lee

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“Dear Damon, About 18 months ago I entered an agreement with Money Management. At the time I had two incomes that allowed me to faithfully make a payment of $1710.00 a month. Today I received notice that my second job with a salary of $41,000 was eliminated effective today. I still owe about $53,000 in unsecured debts from credit cards ... Read More »

Is Debt Management or Credit Counseling the Best Solution for Me? – Trisha

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I make approximately $65000 a year but owe $30000 in unsecured debt in addition to student loans, a mortgage (that just went up by $500 due to escrow issues) and a car note. As a side note both the house and car have negative equity. With the increase in my mortgage I am struggling to stay afloat and my credit ... Read More »

Would Talking With Money Management International Ruin My Credit? – Shan

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“Dear Damon, I have $30,000 in debt due to my college tuition. Most of it is in Citi bank. My interest rates are really high. Starting from 13% to 29%. I am paying around $1000 towards minimum payments. Due to that I am living pay check to pay check. I am worried that I will be paying minimum payments for ... Read More »

Should I Go With Money Money Management International or Bankruptcy? – Nathalie

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“Dear Damon, I have a car payment, a high car insurance rate due to a recent accident and am paying the bare minimum on the $33000 that I have in credit card debt. After taxes, I take home $32000 a year. I called Citibank to ask if they would lower my interest rate and they suggested I contact Money Management ... Read More »

Will Going With Money Management International Lead to a Tax Liability? – Le Anna

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“Dear Damon, So I am checking out using MMI Money Management International… If you pay this off before the designated years can you at that point just start re-establishing credit? There is also something about a tax forgiveness… do you know about this? Thank you Le Anna” Don’t miss our free Get Out of Debt – “How To” Guide Series ... Read More »

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