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Money Management International Gobbles Up Clearpoint Credit Counseling Solutions

All I’ve got to say is I never saw that coming. Money Management International consuming Clearpoint Credit Counseling in a merger. Here is what I’ve learned from public sources. Money Management International – new organization will utilize both MMI and Clearpoint tradenames. Christopher Honenberger, chief executive officer of Clearpoint, announced his plan to retire in …

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Money Management International Accused in Kick-Backs in Class Action Settlement

Now here is something you don’t get to witness often, if at all. Apparently there is a bit of disturbed blood milling about in the credit counseling world right now. In just doing some routine checking on activity I came across a very, very odd letter from the Association of Independent Consumer Credit Counseling Agencies …

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

“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 …

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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 …

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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 …

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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 …

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

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?) …

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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 …

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

“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 …

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