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 time– but never have enough money to save- go on vacation, or do anything– our bills drag us down!!

My husband is in the Navy– and they have a website– Militaryonesource which recommended to use Money Management International to pay down our debts– I want to eliminate the debt– but the monthly payment that I was quoted seems to high– would this be a good route? what should we do? Bankruptcy? We need HELP!!


Hello Jenn,

I would need to know a lot more about your situation to give you some specific advice. Money Management International is a good program, but judging by your question, it is likely that a credit counseling approach is not going to provide you the relief that you need. That means you are probably going to be looking at a debt settlement approach or possibly a bankruptcy depending on the situation. If you would like to set up an individual consultation over the phone, I can get much more information about your overall situation and advise you as to what I think the best course of action will be given the circumstances. You can contact me through my website.

Damon is a talented independent debt coach that provides in-depth assistance and consultations for people struggling with debt. If you want a personal debt coach to help you through a difficult situation or want assistance to find secret discounts offered by debt settlement companies I think Damon Day is an excellent person to contact for advice and assistance. He can be reached directly at

If you have a debt related question you’d like to ask, just use the online form.

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2 thoughts on “ Suggested Money Management International to Us. – Jenn”

  1. what company is best for debt settlement?—will using debt settlement affect my ownership of house? and I have a loan on my car==will that affect all of my accounts?  or can I only use debt settlement for some?


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