Ask The Get Out of Debt Experts Credit Counseling

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

“Dear Steve,

I have been enrolloed in the program for about one year and have been current with payment thus far. However, my early income has not been reduced by 60% and am concerned about keeping up with the monthly payments in addition to all of my other living expenses. Not sure it can be done.

What are my options?


Dear Ro,

One of the problems with any credit counseling or debt management program is that in order to get out of debt you need to make all the payments and this is typically over a five year period.

Facing a reduction in income I can see how it would be difficult to keep up with the current Money Management International payment. Your best options are to:

  1. Call your MMI counselor and ask them if there is a hardship program with your creditors that might cut your payment.
  2. Attempt to increase your income or lower your expenses further to free up enough money so you can make your payment.
  3. Click here to find a local bankruptcy attorney and make a free appointment to go in and discuss if bankruptcy is right for you in your current situation.

One thing is for certain, it would be unreasonable for you to continue to make credit counseling payments if MMI can not lower your payment or you can’t increase your income.

Please update me on your progress by posting updates here in the comments section of your question. I’m very interested in how this works out for you.


You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.

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About the author

Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.


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