- Debt minimum
- No minimum
- Program length
- Up to 60 months
- Monthly fee
- $25 on average
Money Management International was founded in 1958 and is a nonprofit credit counseling agency that provides DMPs in all 50 states. A search for recent legal actions against the company didn’t reveal any issues.
It’s a member of the National Foundation for Credit Counseling (NFCC), is approved by the U.S. Department of Housing and Urban Development (HUD) to provide housing counseling and is approved by the U.S. Department of Justice’s Executive Office for U.S Trustees (EOUST) to provide bankruptcy counseling.
The company offers various services, including credit, housing and bankruptcy counseling. Plus, it offers a DMP with relatively low average fees of $33 to enroll and $25 a month after that. These low average fees set it apart from many of its peers.
If you enroll in a DMP with Money Management International, you can expect to repay all your enrolled debts in an average of 48 months and in no more than 60 months. You don’t need to meet a debt minimum to enroll, which is a nice feature.
Some things we like about Money Management International are:
- Low average enrollment and monthly fees for its DMP
- No minimum debt requirement
- Available in all 50 states
Some things to consider with Money Management International are:
- You won’t be able to use the credit cards you enroll in the DMP
- Closing your accounts could temporarily lower your credit score
As of publishing, there are no reviews from ConsumerAffairs readers about Money Management International.