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 … Read more

Can Consumers Count on the NFCC to Find the Right Credit Counseling Agency?

Sometimes the strangest stories come out of the simplest questions. In this case it was an inquiry about National Foundation for Credit Counseling (NFCC) agencies in Connecticut. From the NFCC credit counseling agency locator page for Connecticut there were 25 agencies listed. So having some time to kill, research ensued. But what was perplexing was … Read more

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 … Read more

Student Loan Alliance Teaches Credit Counselors What About Student Loans?

Student Loan Alliance put out a press release earlier this week talking about the training they were giving credit counseling agencies in order to deal with student loan problems. Student Loan Alliance says the credit counseling agencies that participate in their approach and training are The participating organizations are: Consumer Credit Counseling Service of Greater … Read more

Should I Go With Money Management or Novadebt Like My Credit Card Company Suggested? – Rhonda

“Dear Steve, I have one credit card card with 12,000 then another with 8,000 with 15% and a store card with 2,000 paying out about $550 a month was considering debt consolidation because the finance charge on the $8,000 is $108 a month. I have looked at so many companies and i can’t decide. One … Read more

Greenpath Pays Credit Counselors More

A reader forwarded me a link to a site called Glassdoor where people can do salary searches for specific jobs by salary or opening. The results are kind of interesting. If you sought to be paid the most as a credit counselor, according to Glassdoor, the last place you want to work is Arizona Federal … Read more

How Bad Will My Credit Drop if I Use Money Management International? – Dave

“Dear Steve, Racked up credit card debt when I was young I have about $17,000 in credit card debt. I heard about Money Management International because Bank of America recommended them to me because I was trying to get my payments lower. Is this company legit? How bad will my credit drop? Dave” Dear Dave, … 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

“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 … Read more

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 … Read more

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 … Read more

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 … Read more