Consumer distressed by her debt Consumer distressed by her debt

Repaying Credit Card Debt

Nonprofit tools and programs to help you break free from debt.

Kickstart your debt repayment

You're ready to get out of debt - and we can help make that happen.

The key to finally repaying your credit card debt is this: it needs to fit your budget and your life. When debt starts to balloon, things get out of balance and you find yourself forced to make difficult choices. "Do I fix my car, or do I pay my credit card bill?" "Do I pay my electric bill or make more than the minimum payment on my credit card bill?"

When the choice is between life and debt, debt comes in second every time. As it should! But then how do you ever get your arms around all the debt?

DEBT REPAYMENT THAT FITS YOUR BUDGET

The debt management plan (or DMP) from MMI was created as an acknowledgement that good people sometimes experience hard times and the answer isn’t to make things even harder. Instead, wouldn’t it be in everyone’s best interests to make things a little easier? That’s what a DMP does – it makes repaying your debt easier. How?

  • Single, monthly consolidated payment
  • Plan designed to fit your budget
  • Reduced interest rate on most credit card accounts

A DMP helps make debt repayment simple and affordable for anyone feeling overwhelmed with credit card debt. 

If you're ready to start making real progress on your credit card debt, give us a call or complete a free online counseling session to see if a DMP is a good fit for you.

FIND OUT IF A DMP IS RIGHT FOR YOU. BEGIN YOUR FREE COUNSELING SESSION TODAY

How a Debt Management Plan Works
Is one right for you?

Description
Money Management International — This is what we do A strong organizational culture is important to us here at Money Management International (MMI), because culture guides everything we do — from helping our customers understand their finances, to the ways we inspire, respect and interact with one another. At MMI, we are more than the sum of our individual parts; we are a team of dedicated employees striving to provide help, hope and a fresh start for consumers in need. No matter their role, each MMI employee offers a unique skill and talent that supports our mission of improving lives through financial education.
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20170721T012901Z
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Money Management International
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It all starts by understanding your situation. Together we review your finances to see if a DMP makes sense for you.

We create a plan that suits you. Sometimes getting out of debt can be a steep hill to climb. But if you’re willing to work hard, we can give you a game plan that helps you keep living your life while making steady progress on your debt.

We work with your creditors. Most major creditors offer lower interest rates and other benefits for repaying through a DMP, making it much easier to get out of debt in a reasonable amount of time.

You make one payment a month. You make one payment to MMI every month, and we pay your creditors on your behalf. Most DMPs are completed in less than five years.

Take control of your debt

Skeptical? That’s only natural. This is your money we’re talking about. It’s normal to be apprehensive and have some concerns. We promise to always be transparent and upfront about what’s happening and what it means. 

Will a DMP hurt my credit?
Will a DMP hurt my credit?

You may see a dip in your score immediately after beginning your DMP, with a  dramatic improvement once your debt is repaid in full.

Expand FAQ
Will you talk to my creditors?
Will you talk to my creditors?

All of our counseling sessions are completely confidential. We will only contact your creditors if you decide to begin a DMP, in order to set up your repayment plan. 

Expand FAQ
Are there fees associated with a DMP?
Are there fees associated with a DMP?

Yes. Most DMPs include an initial set-up fee, as well as a monthly fee, the amount of which is based on the size of your debt payments and your state of residence. However, you may be eligible for reduced or waived fees. Ask your counselor for more details.

Expand FAQ
Can you help me even if I've missed some payments?
Can you help me even if I've missed some payments?

You can still benefit from a debt management plan even if you've become delinquent on your credit card accounts. Depending on the creditor and the severity of the delinquency, your accounts may even be considered current after a certain number of DMP payments.   

Expand FAQ
Is this the same thing as a consolidation loan?
Is this the same thing as a consolidation loan?

A debt management plan is not a loan. You simply make a single payment each month which is dispersed to all your creditors. You will continue to receive monthly statements from each of your creditors. 

Expand FAQ
They've been where you are today
  • This was a scary process for me. I had to admit I couldn't do it on my own anymore. Stacy was compassionate and understanding which helped me get with the program. I am looking forward to being in a much better place financially in just a few years.
  • I was very iffy about consolidating my debt on a Debt Management Plan, but it was extremely simple and has relieved a lot of my stress about my bills in less then two months. On top of that, great customer service. My counselor was very nice and a great help. Thank you to the team at MMI!
  • I was hesitant to join a Debt Management Program and only made my situation worse by waiting so long. I am very happy I found MMI. Every person I have spoken to has been amazing!
  • My biggest fear was to be scammed and wind up in a worse condition, so I did some research and found that a well-known consumer advocate recommended this company and that was the main reason I chose them. I'm glad I did. This program should save me around $7000 and shortened the time to pay off the debt by about 19 months. I highly recommend MMI to anyone who is highly burdened with debt and not sure where to turn (as I was). I have been in their program for two years now and have another two years to go until my debt is paid in full. I started the program with 14 credit card accounts and over $30K in debt.
  • I kept thinking it was a scam, even after signing up I was just waiting for the part where there were hidden fees or something. But there were none and I would recommend this company to others.
  • Always there when I needed them. The time span that I was in the program went by really fast. It feels good to be free of owing these creditors any longer.
  • I first contacted them feeling awful about my inability to make payments on my debts, and feeling guilty about having gotten myself into the situation; but they assured me that my story is a common one and that I am not an irresponsible person, but simply trying to deal with a very common dilemma. My life is less stressful now, and I appreciate them more than I can say.
  • No long wait times on the phone. Everyone very knowledgeable and helpful. No surprises during my entire program. I was really worried about there being a catch or being taken advantage of but that was never the case. I couldn't have paid off all my debt without using this company. Thank you so much!
  • MMI helped to give me piece of mind when I was drowning in debt. I can't thank them enough for their help.
  • I don't know how I would have successfully paid off my debt without Money Management International. They broke it down and made it simple for me when I felt overwhelmed
Nonprofit solutions that work

You’re faced with a lot of options when it comes to repaying credit card debt. Taking action and putting your faith in someone else to help you deal with something as personal as unmanageable debt is no small thing. So why go with MMI?

  1. Value
    It’s not just about getting out of debt – it’s about saving you money in the process. Most clients experience significant savings over the course of a DMP.
  2. Expertise
    We know money management – it’s right there in the name. We have 60 years of experience providing financial counseling and advice. Our counselors are trained experts. A DMP can help you get out of debt; our expertise can help you stay out of debt.
  3. Speed
    When you’re ready to go, so are we. You can begin the process any time. Counselors are available by telephone 24/7 and our online counseling is always available. Questions? Problems? Answers and assistance are just a phone call or an email away.
Alicia, an MMI counselor
Don’t forget – debt and budget counseling is always free and you’re under no obligation to use any of our other services, including debt management plan. Let our counselors give you an estimated repayment forecast and you can decide if a DMP is right for you. If you’re unhappy or unsatisfied for any reason, you can cancel at any time.
  • The Consumer Federation of America (CFA) is an association of nonprofit consumer organizations that was established in 1968 to advance the consumer interest through research, advocacy, and education. Today, nearly 300 of these groups participate in the federation and govern it through their representatives on the organization's Board of Directors.
  • The National Council of Higher Education Resources (NCHER) is the nation’s oldest and largest higher education finance trade association. NCHER’s membership includes state, nonprofit, and for-profit higher education service organizations, including lenders, servicers, guaranty agencies, collection agencies, financial literacy providers, and schools, interested and involved in increasing college access and success. It assists its members in shaping policies governing federal and private student loan and state grant programs on behalf of students, parents, borrowers, and families.

  • Since 2007, the Homeownership Preservation Foundation (HPF) has served as a trusted, neutral source of information for more than eight million homeowners. They are partnered with, and endorsed by, numerous major government agencies, including the U.S. Department of Housing and Urban Development and the Department of the Treasury.

  • The mission of the U.S. Department of Housing and Urban Development (HUD) is to create strong, sustainable, inclusive communities and quality affordable homes for all. HUD works to strengthen the housing market in order to bolster the economy and protect consumers; meet the need for quality affordable rental homes; utilize housing as a platform for improving quality of life; and build inclusive and sustainable communities free from discrimination.

  • The Council on Accreditation (COA) is an international, independent, nonprofit, human service accrediting organization. Their mission is to partner with human service organizations worldwide to improve service delivery outcomes by developing, applying, and promoting accreditation standards.

  • The National Foundation for Credit Counseling® (NFCC®), founded in 1951, is the nation’s largest and longest-serving nonprofit financial counseling organization. The NFCC’s mission is to promote the national agenda for financially responsible behavior, and build capacity for its members to deliver the highest-quality financial education and counseling services.