Tag Archives: money management international
- 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
“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 [...]
- Is Money Management International a valid company or is it a scam? – Leanna
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 [...]
- I Was Thinking of Enrolling With MMI. – Mae
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 [...]
- I Can’t Afford My Money Management International Payment Anymore. – Paul
“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 [...]
- MilitaryOneSource.com Suggested Money Management International to Us. – Jenn
“Dear Damon, I am 54,000 of unsecured- CREDIT CARD debt– ranging from American Express, USAA, Chase , Citibank, and store credit (Walmart, Kohl’s,JCPenney, LOWE’s, Home Depot, etc)– I do not even use them anymore– the interest rates are so high( 23%,21%, etc) My husband and I both work, own a house, pay our bills on [...]
- I Have Questions About Entering a Debt Management Plan With MMI. – Jennicka
“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 [...]
- MilitaryOneSource.com Sent Me to Money Management International But I Need More Help. – Jennifer
“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 [...]
- Would it Be Better for Us to File Bankruptcy or Go With Credit Counseling in Pennsylvania
“Dear Lewis, Yes I am about 10,000 in credit card debt. I recently got married he also has debt to together are credit card debt is about 700.00 a month. We are not on each other account he was an authorize user but recently took him off. We live in PA. The house is in [...]
- I Had a Payment Plan With Money Management International But Today My Income Was Cut in Half. – Lee
“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 [...]
- Would Talking With Money Management International Ruin My Credit? – Shan
“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 [...]
- Should I Go With Money Money Management International or Bankruptcy? – Nathalie
“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 [...]
- Will Going With Money Management International Lead to a Tax Liability? – Le Anna
“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” The Answer: Hello Le Anna, If you are [...]
- Non-Profit Credit Counselor CEOs Making Big Bucks
Thanks to a tipster I was directed to an article that appeared recently titled Non-profit credit advisers cash in; CEOs earn big as consumers struggle. The article does make some interesting observations that some of the larger non-profit credit counseling groups do pay their CEOs a tremendous amount of money in compensation. “Of the 44 [...]
- Credit Counseling Groups in the Crosshairs With Pay For Performance History
This comes straight from a tipster who directed me to the site of Cotchett, Pitre & McCarthy. I reached out to CPM for additional information but as of the time of publication I had not heard back. Cotchett, Pitre & McCarthy is continuing its investigation into fraudulent “debt counseling” and debt collections in the subprime [...]
- Considering MMI Program But Not Sure. – Christy
Considering MMI program to pay of my debt. I was out on disability for about 10 months and had to use my credit card to make ends meet. I made 1 late credit card payment which then cause my interest to go up to 30%. I was paying more than minimal payment every month hoping [...]