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Money Management International Announces Merger with Consumer Credit Counseling Service of Southern New England
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For more information contact:
Kelly Rote (713) 394-3201 |
Release Date: February 25, 2005 |
HOUSTON (February 25, 2005) — Houston-based Money Management International (MMI) announced today its merger with Consumer Credit Counseling Service of Southern New England (CCCS of Southern New England), a community-based non-profit agency. CCCS of Southern New England has provided financial counseling, financial education, debt management programs and housing counseling in the tri-state area since 1972 with three convenient offices located in East Hartford, Connecticut; Boston, Massachusetts; and Warwick, Rhode Island. During this time, CCCS of Southern New England has assisted over 12,000 area residents in paying off approximately $117 million in debt.
“This merger represents our commitment to providing our community and clients with the highest quality consumer credit counseling services and financial education,” said Mel Stiller, CEO of CCCS of Southern New England. “We will continue to help people regain control of their finances by offering one-on-one, in-person counseling in our local offices, and this merger with MMI now provides consumers with 24 hour, 7 day a week counseling by telephone and Internet.”
The merger follows MMI’s announcement in late January regarding the approval from the bankruptcy court for the District of Maryland to assume control of approximately 50,000 debt management plans previously managed by AmeriDebt. CCCS of Southern New England is the fourteenth agency since 2000 to merge with MMI. Previous mergers include agencies in Texas, Arizona, New Mexico, Illinois, Pennsylvania, Virginia, Louisiana, Colorado, California, New Jersey, Maine and Oregon.
“We are excited to welcome CCCS of Southern New England to the MMI family of agencies,” said Ivan Hand, President and CEO of MMI. “The CCCS team is a valuable part of the New England community, and we hope to continue building on the traditions they have established.”
“MMI brings an industry-leading business platform and national education campaign that will enhance our ability to effectively and efficiently counsel and educate people about financial issues,” said Stiller. “I am proud that our Board of Directors has taken such an important step to better serve the residents of our community.”
MMI is the largest full-service non-profit credit counseling organization in the United States with over 100 branch offices in sixteen states. The combined organization will operate locally under the Consumer Credit Counseling Service of Southern New England name and nationally under the name Money Management International. MMI will remain a member of both the National Foundation for Credit Counseling (NFCC) and the Association of Independent Consumer Credit Counseling Agencies (AICCCA). To schedule an appointment, please contact us at 541-342-4459. |
Money Management International, is a non-profit community service organization that provides confidential financial guidance, counseling and debt management assistance to consumers. MMI helps consumers trim their expenses, develop a workable budget, lower their debt payments and repay debts. Services are available by phone. To visit with an MMI counselor, call toll-free 1-800-762-2271- 24 hours a day, 7 days a week. Spanish speaking counselors are available. Consumers can also learn more by visiting the MMI home page at www.moneymanagement.org.
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