Money Management International Review

Sunday, October 1st

2023 Credit Counseling Service Reviews

Money Management International

• 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.

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.