Money Management International Reviews

Money Management International offers debt management plans and credit counseling. Along with its paid services, it has several free financial education resources, including live webinars on how to avoid identity theft and manage your income. There are also free educational resources for military families.

You can find budget templates and podcasts and private workshops in select cities in both English and Spanish. Other languages might be available upon request through the help of an interpreter.

MMI meets industry standards regarding protecting and handling your personal data. Additionally, information is never shared with any third party and only collected with your express permission.

To get started with MMI, you will need to create a secure online account and share your income and expenses. The company can also pull some data from your credit report to save you time.

When that is complete, a counselor will analyze your information and provide money saving recommendations, a personal budget plan and a DMP. Counselors are available by chat, email and phone and can further customize your plan if you need it.

If it is determined that a debt management plan is right for you, MMI will negotiate with your creditors to reduce your interest rates and minimum monthly payments.

Money Management International offers debt relief programs, counseling services and financial education. Many of these programs are offered for free, but there are some that have a flat-fee charge or ongoing monthly fee.

 Here are just a few choices available with MMI:

• Credit card debt repayment
• Debt management plans
• Free online debt counseling
• Credit counseling
• Foreclosure counseling
• Homebuyer counseling
• Reverse mortgage counseling
• Student loan counseling
• Bankruptcy counseling

The debt management plan fee varies based on where you live and is set and regulated by your state. On average, customers pay a $33 initial setup fee and a $25 monthly fee for services.

The following services have a flat-rate fee:

• Online homebuyer education courses: $35 to $99, depending on the course
• Bankruptcy counseling: $50 (individuals or couples) (fees may be waived)
• Reverse mortgage counseling: $199

Money Management International is a legitimate company with history going back to 1958. MMI is a member of the National Foundation for Credit Counseling (NFCC) and says it has provided education, counseling and financial assistance to over 1 million consumers. It says that, on average, DMP clients reduce their interest rate to 7%, down from 24%, and pay off their debt in four years or less.