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Tag Archives: money management international

I Have Questions About Entering a Debt Management Plan With MMI. – Jennicka

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“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 card rate increases it is ... Read More »

    MilitaryOneSource.com Sent Me to Money Management International But I Need More Help. – Jennifer

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    “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 that we can afford) we ... Read More »

      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 just my husbands name and ... Read More »

        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 unsecured debts from credit cards ... Read More »

          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 be paying minimum payments for ... Read More »

            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 suggested I contact Money Management ... Read More »

              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” Hello Le Anna, If you are looking at MMI, then I assume you ... Read More »

                Non-Profit Credit Counselor CEOs Making Big Bucks

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                Thanks to a tipster (send in your tips here) 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 ... Read More »

                  Credit Counseling Groups in the Crosshairs With Pay For Performance History

                  This comes straight from a tipster (send in your tips here) 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 ... Read More »

                    Considering MMI Program But Not Sure. – Christy

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                    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 to see the balance go ... Read More »

                      Money Management International – Scam, Complaint, Review, or Praise?

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                      Please share your experience with this debt relief company and provide your review and feedback, in the comments section below. The goal of this page is to allow people to share information that may be important to help others to make a more informed decision regarding their experience with this debt relief company. Here are some potential questions you might ... Read More »

                        Money Management International Settles Case for $6.5 Million to Avoid Allegations of Improper Credit Repair Services

                        I just had a long conversation with an inside party that told me about a massive settlement by the credit counseling company Money Management International to avoid further involvement in a suit that alleged they engaged in improper credit repair services through their debt management plans. This case seems to clearly go hand-in-hand with a recent ruling that could expose ... Read More »

                          I Emptied Out My 401(k) to Make Credit Card Payments But I’m Still in Trouble. – Beth

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                          “Dear Steve, HELP! Over the last 6 years I have been accuring debt often times, making just above minimum payments on my credit cards. I obtained more credit in order to make balance transfer, pay for graduate course work and of course irresponsible spending. Now I have maxed out six credit cards totaling in almost $44,000. I emptied my 401K ... Read More »

                            Should We Be Looking More at Bankruptcy? – Kirby

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                            “Dear Steve, Looking back, I see that while I thought I had a decent budget in place, I was not budgeting correctly. I did not have money set aside for simple things like new shoes or car maintenance. Whenever an unexpected expense came up, I just put it on the credit card and didn’t worry about it much. Everything was ... Read More »

                              Will Going With MMI Hurt My Credit? – Jane

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                              “Dear Steve, I got laid off in January of 2009 and fell way behind in my credit card payments, I found a job in November 2009 and am currently working but my boyfriend, who I have a dependent with, lost his job in May 2009 and is still unemployed. I am making all the household payments, rent, and car payments ... Read More »

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