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Money Management International Review

Sunday, October 1st

2023 Credit Counseling Service Reviews

Money Management International Review 4.5 Star Rating

Money Management International

4.5 Star Rating
  • Non-profit credit counseling agency
  • Has helped over 8 million clients
  • Available online 24/7 or schedule an in-person appointment
  • Many different types of credit counseling, including student loans, disaster recovery, and debt management
  • Over 1,500 five-star reviews from clients
  • Services in English and Spanish
  • "A+" rated and accredited by the BBB
  • Accredited by the NFCC

Money Management International (MMI) is a non-profit credit counseling agency that was founded in 1958. It provides a variety of services to help people manage their finances, with offices across the United States and providing services in both English and Spanish. MMI is accredited by the National Foundation for Credit Counseling (NFCC) and has helped over 8 million people with their financial challenges.

Wide range of credit counseling types

MMI has a team of certified credit counselors who work with clients one-on-one to provide customized solutions based on their specific financial situation. They strive to help clients achieve long-term financial stability and offer ongoing support and guidance throughout the process. This credit counseling provider offers a range of services to help individuals and families improve their financial well-being. Some of the services they offer include:

  • Credit Counseling: MMI provides free credit counseling to help people manage their debts, create budgets, and develop strategies to improve their credit scores. With MMI, clients using just the free counseling service have seen their credit scores increase by an average of 30+ points.
  • Debt Management Plans: If someone is struggling to make their monthly debt payments, MMI can work with their creditors to negotiate lower interest rates and create a repayment plan that fits their budget. While your fees for this program will vary based on the amount of debt you're handling and your state of residence, expect to pay around $33 as a one-time setup fee and monthly program fees of $25, on top of your debt repayment amount. But, you may be eligible for reduced or waived fees, so be sure to ask your MMI counselor during your free consultation.
  • Housing Counseling: MMI offers housing counseling to help people buy a home, avoid foreclosure, or navigate the complexities of renting. You can get most of these services at no cost, but some features (like online homebuyer education courses) may have a one-time fee of $35-$99.
  • Student Loan Counseling: MMI provides counseling services to help people understand their student loan options, including repayment plans, loan consolidation, and loan forgiveness. The fee for this service is $99, which includes a full analysis of your loans and financial situation, as well as a detailed action plan to walk you through the steps required to implement the repayment plan that saves you the most money.
  • Bankruptcy Counseling: If someone is considering bankruptcy as an option, MMI can provide the required counseling and education necessary to file for bankruptcy. Each session costs $50 (whether joint or individual) and can be waived if you meet certain HUD income guidelines.
  • Financial Education: MMI provides educational resources and workshops to help people improve their financial literacy and make informed decisions about their finances

Unique counseling for disaster survivors

One service offered by MMI that we didn't see anywhere else is Disaster Recovery Counseling. If you've been affected by an earthquake, hurricane, tornado, or any other natural disaster, you can access this free service that will help you assess the impact, develop a recovery plan, give you assistance with FEMA and insurance paperwork, and provide monthly support from a recovery specialist.

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Impressive ratings

Money Management International has an excellent reputation. The Better Business Bureau gives the organization a perfect "A+" rating and accreditation and only 13 complaints filed there over the last three years, all of which received an appropriate, timely response from MMI. When you jump over to client feedback on Trustpilot, it gets even more impressive: a 4.9 out of 5-star average across 1,700+ ratings - that's over 1,500 people who have given this service a flawless rating.

Excellent feedback from clients

People who have used this service for credit counseling say that the representatives are helpful and experienced, and they don't make you feel ashamed for being in whatever situation you're currently experiencing. Many people specifically mention how much they've saved through MMI's debt management plans - in the neighborhood of $25,000. Our favorite comment said that they recommend MMI to anyone who needs a "good second chance" when it comes to finances.

Great choice for many types of credit counseling

With decades of experience and millions of people helped through their credit counseling services, MMI is an easy choice for a top consumer credit service. They offer all of the services you'll find with their rivals, plus a few extras that are quite unique within the industry. You'll be in excellent hands if you reach out to Money Management International to get you started with the credit counseling you need.

Where Can You Get the Best Credit Counseling?

Credit counseling services can be incredibly helpful to individuals who are struggling with debt, looking to improve their credit score, or simply need guidance on financial planning. However, with so many options available, it can be difficult to know where to turn for the best counseling services.

One of the primary benefits of credit counseling is that it can provide you with a comprehensive assessment of your financial situation. This assessment takes into account your income, expenses, debts, and assets, and helps identify areas where you may be overspending or under-saving. Based on this assessment, the credit counselor can provide personalized advice to you on how to create a budget that aligns with your financial goals.

The Best Credit Counseling Services Compare Credit Counseling Services Compare Credit Counseling Service Reviews What are the best Credit Counseling Services Best Credit Counseling Service Reviews

Credit Counseling Service FAQ

Credit counseling is a broad term used to refer to any advice or assistance regarding consumer credit. This could be a database of articles about topics like student loans or credit scores, programs designed to work with creditors to consolidate your debt, or even one-on-one guidance from an experienced advisor.
That depends on where you go for services. Some programs do an in-depth analysis of your financial situation and help you remove negative entries on your credit history or negotiate with creditors to manage your debt. Others provide advice about getting the best student loans or qualifying for a first-time mortgage. The spectrum of services included in credit counseling is broad: there's something for everyone!
According to the National Foundation for Credit Counseling, more than a million consumers take advantage of counseling every year. And, with so many Americans struggling with debts, unsure how to improve their credit scores, and questioning where to turn for the best advice, many millions more should be using credit counseling programs!
Many times, they're free! There are a lot of services whose programs come at no cost to you - and even the ones with nominal fees are usually very affordable when you consider the benefits of reducing your debt and improving your credit score.
For some programs, yes: you might need to have a certain minimum amount of debt (like $5,000). But, there are many credit counseling services where the only requirement is that you're interested in working with them to become better-educated and to get control of your finances.
The more thorough you are with your credit counselor, the more accurate the advice they'll be able to provide. Some documentation that can help them have the clearest picture would include your credit card statements, pay stubs from your employer, bank statements, and any notices you may have gotten from bill collectors or creditors.
Absolutely. Some credit counseling services have a history that spans decades, helping millions of people to understand how to make better decisions with their money. Of course, it's always a good idea to see what other consumers have to say before choosing which credit counseling provider to use. The Better Business Bureau is a solid resource for determining a credit counseling service's reputation and overall standing too.
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Continued from above...

Another benefit of credit counseling is that it can help you develop a plan to pay off your debts. This plan may involve consolidating debts, negotiating with creditors, or creating a debt repayment plan. By working with a credit counselor, you can develop a debt repayment plan that is tailored to your specific financial situation, which can help you achieve financial freedom more quickly.

In addition to debt repayment, credit counseling can also provide education and resources on how to manage credit and financial products. This education can help you make informed decisions about credit cards, loans, and other financial products, which can improve your credit scores and make it easier to access credit in the future. By learning about the different types of credit products available, you can choose the products that are best suited to your financial goals and needs.

The first step in finding the best credit counseling service is to identify your specific needs. Are you currently dealing with significant credit card debt? Are you looking for guidance on how to improve your credit score? Do you need help with financial planning or budgeting? Depending on your situation, you may need to seek out a credit counseling service that specializes in a particular area of financial counseling.

Once you have a clear understanding of your needs, you can begin your search for the best credit counseling service for you. A good place to start is by checking with non-profit credit counseling organizations, as they typically offer free counseling services and may also be able to direct you to resources that can help you better manage your finances.

There are also a number of for-profit credit counseling services available, many of which offer free consultations to help you determine whether their services are right for you. When considering a for-profit credit counseling service, it's important to do your research and make sure that the organization is reputable and has a solid track record of success.

When evaluating any credit counseling service, be sure to consider these factors as well:

  • Experience and credentials. How long has the service been operating? How many clients have they helped? What kind of certifications does the provider have?
  • Types of service offered. Will you receive basic counseling or in-depth, hands-on help with making a budget and paying down debt? Which services are free and which ones are fee-based?
  • Client feedback. Read reviews and testimonials from previous clients to get a better sense of their effectiveness and customer service. Credit problems are stressful enough on their own, so finding a counseling service that has a good reputation can ease your worries during the process of turning over a new leaf.

Ultimately, the best credit counseling service for you will depend on your individual needs and situation. Top Consumer Reviews has done the hard work of researching all of today's most popular credit counseling providers, making it easy for you to choose the one that will best help you make better financial decisions and achieve your goals.

Compare Credit Counseling Services

Select any 2 Credit Counseling Services to compare them head to head

  • Credit.org
  • Money Management International
  • American Consumer Credit Counseling
  • Apprisen
  • Advantage Credit Counseling Service
  • Consolidated Credit
  • DebtWave
  • NFCC
  • GreenPath
Credit.org vs Money Management International Credit.org vs American Consumer Credit Counseling Credit.org vs Apprisen Credit.org vs Advantage Credit Counseling Service Credit.org vs Consolidated Credit Credit.org vs DebtWave Credit.org vs NFCC Credit.org vs GreenPath Money Management International vs American Consumer Credit Counseling Money Management International vs Apprisen Money Management International vs Advantage Credit Counseling Service Money Management International vs Consolidated Credit Money Management International vs DebtWave Money Management International vs NFCC Money Management International vs GreenPath American Consumer Credit Counseling vs Apprisen American Consumer Credit Counseling vs Advantage Credit Counseling Service American Consumer Credit Counseling vs Consolidated Credit American Consumer Credit Counseling vs DebtWave American Consumer Credit Counseling vs NFCC American Consumer Credit Counseling vs GreenPath Apprisen vs Advantage Credit Counseling Service Apprisen vs Consolidated Credit Apprisen vs DebtWave Apprisen vs NFCC Apprisen vs GreenPath Advantage Credit Counseling Service vs Consolidated Credit Advantage Credit Counseling Service vs DebtWave Advantage Credit Counseling Service vs NFCC Advantage Credit Counseling Service vs GreenPath Consolidated Credit vs DebtWave Consolidated Credit vs NFCC Consolidated Credit vs GreenPath DebtWave vs NFCC DebtWave vs GreenPath NFCC vs GreenPath
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