Press Releases

Jump to a specific year: 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017

2023 Press Releases from MMI

Nonprofit MMI Data Shows Requests for Mortgage Help Increased 90% Compared to a Year Ago

STAFFORD, Texas, November 6, 2023 — In a startling revelation, Money Management International (MMI), a leading nonprofit financial counseling provider, has reported a staggering 90% increase in the number of clients seeking delinquent mortgage counseling in 2023 compared to the same period in the previous year. This alarming surge is particularly pronounced among clients in their thirties.

Consumer Credit Counseling Service of Maryland and Delaware Announces Merger with Money Management International

STAFFORD, Texas, September 21, 2023 — Consumer Credit Counseling Service of Maryland and Delaware, Inc. (CCCSMD), a nonprofit credit and housing counseling agency headquartered in Columbia, Maryland, has announced its decision to join Money Management International (MMI), the nation's leader in nonprofit solutions for personal financial challenges. The merger will be effective October 31st, 2023.

New Data from Nonprofit Money Management International Shows a Growing Demand for Help with Rising Debt Across All Age Groups

STAFFORD, Texas, September 19, 2023 — Money Management International (MMI), a nonprofit credit counseling and debt management organization, today released data showing an increase in debt distress across all age groups in August 2023 compared to August 2022.

Money Management International Launches Initiative To Reach Underserved Hispanic Consumers With Grant from JPMorgan Chase

STAFFORD, Texas, August 15, 2023 — Money Management International (MMI), a nonprofit organization, is pleased to announce it has received a generous grant from JPMorgan Chase to launch new advertising and branding initiatives targeted specifically to underserved consumers within the Hispanic community.

Nonprofit MMI Finds People Who Commit to Debt Management Are Making Homeownership a Reality

STAFFORD, Texas, July 26, 2023 — Money Management International (MMI), through recent data analysis, has found that people who enroll in a debt management plan are improving their ability to achieve the dream of homeownership.

Money Management International Announces 2023 Financial Literacy and Education in Communities (FLEC) Awards

STAFFORD, Texas, June 14, 2023 — Money Management International (MMI), one of America’s largest nonprofit credit counseling and financial wellness organizations, is pleased to announce the recipients of the 2023 Financial Literacy and Education in Communities (FLEC) Awards.

Nonprofits Money Management International and SaverLife Announce Financial Wellness Partnership

STAFFORD, Texas, June 14, 2023 — Money Management International (MMI), a financial counseling and education organization has partnered with SaverLife, a national nonprofit and advocacy organization focused on improving the financial health of people living with low-to-moderate incomes.

Nonprofit MMI Warns Credit Card Debt Hitting Young Consumers Hardest

STAFFORD, Texas, June 7, 2023 — Money Management International (MMI) internal data shows an increase in young consumers reaching out to the nonprofit for help paying down debt. MMI has seen an 81% increase in clients aged 18-29 in the first quarter of 2023 compared to the same timeframe last year. This follows a 84% year-over-year increase in the same age group observed in 2022.

Poll: Over 4 out of 5 Active Duty/Veterans Have Been in Debt

STAFFORD, Texas, May 10, 2023 — A March 2023 survey conducted online by The Harris Poll and commissioned by the nonprofit Money Management International (MMI) shows that an overwhelming majority of military servicemembers have experienced credit card debt.

Nonprofit Money Management International Receives Grant from USAA to Expand Mobile Financial Crisis Counseling

STAFFORD, Texas, January 26, 2023 — Money Management International (MMI), a nonprofit financial counseling agency, was awarded a grant from USAA to help veterans and minorities improve financial wellness, with a specific focus on diversity, equity and inclusion. The funding is part of a broader three-year, $50 million philanthropic commitment.

Nonprofit MMI Offers Help to Consumers Drowning in Holiday Debt

STAFFORD, Texas, January 6, 2023 — Money Management International (MMI) wants consumers to know it can be a healthy, happy and debt-free new year. The nonprofit is poised to help tens of thousands of consumers pay off credit card debt in 2023.

2022 Press Releases from MMI

Nonprofit Credit Counselor MMI Recognized as Global Trailblazer in Community Disaster Recovery Along with Three Awards from Industry Association

STAFFORD, Texas, December 29, 2022 — Money Management International (MMI) is honored to be recognized on the global stage for its work helping consumers on their path to financial wellness, both from a BAI Global Innovation Award and the National Foundation for Credit Counseling (NFCC) Awards of Excellence. READ MORE

Nonprofit Credit Counselor MMI Urges Paying Down Debt as Fed Eyes Another Rate Hike Amid Holiday Spending

STAFFORD, Texas, December 12, 2022 — Money Management International (MMI) is urging consumers to pay more than the monthly minimum payments on credit card bills because the Federal Reserve could again increase rates at their final meeting of the year. When the Fed meets in December, analysts say they could raise the short-term borrowing rate another .5 percentage point, on top of four straight .75 percentage point hikes. READ MORE

As Possible Recession Looms, Money Management International Warns Consumers to Prepare for Layoffs

STAFFORD, Texas, November 21, 2022 — As more economists and business leaders talk of an impending recession, nonprofit Money Management International (MMI) says now is the time to focus on your overall financial health and plan ahead for turbulent times. READ MORE

Poll: 3 out of 4 Americans Have Needed Credit Card Debt Advice – Why Aren’t They Reaching out for Help?

STAFFORD, Texas, November 9, 2022 — A June 2022 survey conducted online by The Harris Poll and commissioned by the nonprofit Money Management International (MMI) among over 2,000 U.S. adults indicates Americans can benefit from professional debt advice to reduce financial stress, but often experience significant social and psychological barriers. READ MORE

Money Management International and Dollar For Announce Referral Relationship to Help Patients Conquer Medical Debt

STAFFORD, Texas, August 23, 2022 — Money Management International (MMI) is pleased to announce an exciting new relationship with Dollar For to help clients crush mounting medical debt for free, no strings attached. READ MORE

Nonprofit Helping Consumers Build Credit While Digging Out of Debt

STAFFORD, Texas, August 8, 2022 — A new study by Money Management International (MMI) shows consumers with unmanageable debt who reach out for help not only improve their finances, but also their credit scores. READ MORE

Money Management International Announces 2022 Financial Literacy and Education in Communities (FLEC) Awards

STAFFORD, Texas, June 13, 2022 — Money Management International (MMI), one of America’s largest nonprofit credit counseling and financial wellness organizations, is pleased to announce the recipients of the 2022 Financial Literacy and Education in Communities (FLEC) Awards. READ MORE

Nonprofit Money Management International Awarded Truist Charitable Fund Grant to Help Thousands of At-Risk Consumers with Free Counseling and Education

STAFFORD, Texas, June 6, 2022 — The $433,000 investment from Truist Financial Corporation through its Truist Charitable Fund will allow MMI to provide free financial education workshops and one-on-one counseling to consumers at greatest risk of financial crisis and housing instability. READ MORE

Nonprofit MMI Helps Military Service Members and Veterans with Free Debt Counseling

STAFFORD, Texas, May 27, 2022 — As we honor our nation’s heroes this Memorial Day and Military Appreciation Month concludes, Money Management International (MMI), a nonprofit financial wellness provider, wants to remind military families of the free counseling and education offered 24/7 by MMI. READ MORE

Nonprofit Credit Counselors Urge Consumers to Plan Now Before Feds Raise Interest Rates… Again

STAFFORD, Texas, May 2, 2022 — Money Management International (MMI), one of the largest and oldest nonprofit credit counselors in the United States, is urging consumers to make a plan to pay down credit card debt now, as the Federal Reserve is expected to make a bigger interest rate move at its next meeting this week. READ MORE

MMI Announces Confidential On Demand Debt Analysis with Industry-Leading Security

STAFFORD, Texas, April 13, 2022 — Money Management International (MMI) is pleased to announce cutting-edge debt analysis allowing users to get a confidential look at their options to get back on track, including a nonprofit Debt Management Plan (DMP). Unlike most other DMP providers, the process can be completed without ever picking up the phone to speak with a counselor. READ MORE

Nonprofit Money Management International Reduces the Stigma and Shame of Debt with Grant from JP Morgan Chase

STAFFORD, Texas, March 24, 2022 — Money Management International (MMI) is pleased to announce it has been awarded a generous grant from JPMorgan Chase to help reduce the stigma and shame of debt by expanding its successful MMI Peer Advocate program. READ MORE

2021 Press Releases from MMI

Facing Rising Demand, Money Management International Receives $2.85 Million Grant for Housing Counseling from NeighborWorks America

STAFFORD, Texas, December 8, 2021 — Money Management International (MMI), a nonprofit financial counseling agency, was awarded a $2.85 million grant from NeighborWorks America to support housing stability and help prevent foreclosures and evictions in communities throughout the nation. NeighborWorks America designed the Housing Stability Counseling Program (HSCP) for nationwide implementation upon receiving funding through the American Rescue Plan Act of 2021 earlier this year. READ MORE

Money Management International Receives Grant From USAA to Provide Financial Crisis Counseling for Members of the Military

STAFFORD, Texas, October 28, 2021 — Money Management International (MMI), a nonprofit financial counseling agency, was awarded a grant from United Services Automobile Association (USAA) to help veterans, active-duty military and their families facing financial crisis. READ MORE

Money Management International Announces 2021 Financial Literacy and Education in Communities (FLEC) Awards

STAFFORD, Texas, August 18, 2021 — Money Management International (MMI), one of America’s largest nonprofit credit counseling and financial literacy organizations, today announced the recipients of the inaugural 2021 Financial Literacy and Education in Communities (FLEC) Awards. READ MORE

Scholarship honors legacy of Money Management International leader

STAFFORD, Texas, August 11, 2021 — Tyler Lucas has been named the recipient of the inaugural Karen Soileau Memorial Scholarship. The award was given in memory of Soileau, a resident of Zachary and a leader at financial education nonprofit Money Management International (MMI) who died in a tragic car crash in Pointe Coupee Parish last year. READ MORE

MMI Expands Outreach to Latinx Community with Grant from JPMorgan Chase

SUGAR LAND, Texas, April 27, 2021 — Money Management International (MMI) is excited to announce it has been awarded a grant from JPMorgan Chase to promote and expand its services to the Latinx Community. The grant comes at a critical time. According to a recent NPR poll, at least 72 percent of Latino households are facing serious financial difficulties due to the COVID-19 pandemic. MMI will use the funds to help improve the financial health of more Hispanic clients. READ MORE

Nevada 211 Celebrates "National 211 Day"

LAS VEGAS, February 11, 2021 — Designated National 211 Day, February 11th is a day to recognize the free, confidential service available 24/7/365 to empower Nevadans in achieving optimal self-sufficiency, health, and well-being. Since 2006, millions of people have found help by dialing 211, texting 898211, visiting Nevada211.org, or downloading the Nevada 211 app. Through these channels, individuals and families connect with vetted health and human service resources. READ MORE

2020 Press Releases from MMI

Nevada 211 Launches Youth Resource-Finder App

LAS VEGAS, December 9, 2020 — Nevada 211, an accredited agency overseen by the Nevada Department of Health and Human Services and powered by Money Management International (MMI), is pleased to announce the release of a new app for youth, available in the App Store and Google Play. READ MORE

Nevada 211 Launches Community Resource-Finder App

LAS VEGAS, May 28, 2020 — Nevada 211, an accredited agency overseen by the Nevada Department of Health and Human Services and powered by Money Management International (MMI), is pleased to announce the release of a new app, available in the App Store and Google Play. READ MORE

Money Management International Meets Growing Consumer Demand in Florida, Opens Tampa Office

SUGAR LAND, Texas, May 19, 2020 — Money Management International (MMI), a leader in nonprofit financial education and empowerment, today announced the opening of a location in Tampa, Florida. A bilingual counselor will staff the office at 100 South Ashley Drive. While services at the branch are temporarily paused due to COVID-19, confidential one-on-one consultations will soon be available by appointment. In the interim, certified experts are available by phone and online 24/7. READ MORE

Money Management International Delivers Disaster Recovery Stabilization to those Disrupted by COVID-19

SUGAR LAND, Texas, April 29, 2020 — Money Management International (MMI), a leader in financial empowerment, today announced it has allocated a significant portion of its Project Porchlight grant from MetLife Foundation to stabilize households experiencing COVID-19-related financial challenges. READ MORE

2019 Press Releases from MMI

Money Management International Launches Innovative Disaster Recovery Support Solution

SUGAR LAND, Texas, September 24, 2019 — Money Management International (MMI) is proud to announce the public launch of Project Porchlight, a post-natural disaster financial coaching program designed to accelerate survivors' recovery. Previously available only through Fannie Mae's Disaster Response Network, a grant from MetLife Foundation has enabled MMI to broaden the accessibility of Project Porchlight to those financially impacted by a natural disaster in the United States and its territories. READ MORE

Jim Triggs Named President and CEO of National Nonprofit Money Management International

SUGAR LAND, Texas, July 25, 2019 — Jim Triggs, Senior Vice President of Counseling and Support at Money Management International (MMI), has been named its next President and CEO. Over the last 22 years, Triggs has increased the accessibility and efficiency of MMI's core programs, leveraging emerging technology, unique collaboration, and proven best practices to empower more consumers in more places than ever before. READ MORE

Survey: Most natural disaster survivors would benefit from financial recovery support program

SUGAR LAND, Texas, June 3, 2019 — Nearly 3 in 5 American adults (57%) have experienced a natural disaster that resulted in some form of damage or loss during their lifetime, according to a recent online survey conducted by The Harris Poll on behalf of Project Porchlight, a post-disaster financial recovery program of the nonprofit Money Management International (MMI). Among impacted disaster survivors who experienced damage or loss, 42% incurred out-of-pocket expenses to replace or repair items not covered by insurance. In order to pay for expenses incurred as a result of a natural disaster, 48% tapped savings or retirement funds, while 36% used credit cards or personal loans to finance their recovery. READ MORE

Money Management International Announces $1,475,000 Grant from the SunTrust Foundation

ATLANTA, May 29, 2019 — Money Management International (MMI) announced today it has received a $1,475,000 grant from the SunTrust Foundation to support its enhanced research and technology capabilities, Clearpoint's Hispanic Centers for Financial Excellence (HCFE) in Atlanta and Miami, and financial counseling and education for military-affiliated individuals and their families. READ MORE

EY Announces Ivan L. Hand, Jr. of Money Management International, Inc. Entrepreneur Of The Year® 2019 Award Finalist in the Gulf Coast Area

SUGAR LAND, Texas, May 15, 2019 — EY has announced that Ivan Hand, President and CEO of national nonprofit Money Management International, Inc. (MMI) is a finalist for the Entrepreneur Of The Year® 2019 Award in the Gulf Coast Area. The awards program recognizes entrepreneurs who excel in innovation, financial performance, and personal commitment to their business and community. READ MORE

Nevada 2-1-1 Receives Prestigious Accreditation

LAS VEGAS, April 9, 2019 — Nevada 2-1-1, a program of Money Management International (MMI), is pleased to announce its accreditation by the Alliance of Information and Referral Systems (AIRS) in recognition of the quality service it provided to more than 100,000 Nevadans last year. The accreditation follows Nevada 2-1-1 receiving the 2018 Resource Award from the CARE Coalition of Nevada last September. READ MORE

Nevada 2-1-1 Calls Highlight Affordable Housing as Top Need

LAS VEGAS, March 14, 2019 — Nevada 2-1-1, an award-winning program of Money Management International (MMI), in partnership with 2-1-1 Counts, is pleased to present an innovative, real-time presentation of its call center statistics at NV.211Counts.org. An analysis of 2018 data finds housing-related issues the top concern for at-risk Nevadans, with nearly one-fourth of all callers specifying housing and shelter as their primary reason for contacting 2-1-1. READ MORE

Money Management International joins other nonprofits supporting furlough recovery

SUGAR LAND, Texas, Jan. 25, 2019 — Money Management International (MMI), the largest nonprofit provider of financial counseling in the United States, is providing free budget advice and debt management guidance to recovering government employees and contractors. MMI is also waiving set-up fees for those in need of long-term debt management assistance post-shutdown, and referring clients to other available resources throughout the country. MMI has a 60-year history of helping America overcome financial challenges, including those resulting from recessions, disasters, and closures. READ MORE

2018 Press Releases from MMI

Nevada 2-1-1 Recognized with the CARE Coalition Resource Award

LAS VEGAS, Nov. 21, 2018 — Nevada 2-1-1, a program of Money Management International (MMI), has received the 2018 Resource Award from the CARE Coalition of Nevada. The CARE Coalition is a nonprofit organization committed to substance abuse prevention in Clark County, Nevada. READ MORE

Hispanic Centers for Financial Excellence Receive Agency Innovation Award

SUGAR LAND, Texas, Oct. 11, 2018 — The Hispanic Centers for Financial Excellence (HCFE) in Atlanta and Miami have received the Agency Innovation Award by the National Foundation for Credit Counseling (NFCC). The Agency Innovation Award recognizes an NFCC member for their game-changing product, service, program, partnership, or other transformative community outreach making a significant impact to the agency or its clients. READ MORE

Survey: Most Americans unfamiliar with major advantages of nonprofit credit card debt relief

SUGAR LAND, Texas, August 20, 2018 — More than half of Americans who have been in credit card debt (51%) have used some form of credit card debt relief, according to a recent online survey conducted by The Harris Poll on behalf of Money Management International (MMI). Among them, the most common form of relief was balance transfer to another credit account (36%), followed by help from friends or family (30%) and debt consolidation loans (27%). Meanwhile, just 15% have employed a debt management plan (DMP) through a nonprofit credit counseling agency, like MMI. READ MORE

EY Announces Ivan L. Hand, Jr. of Money Management International, Inc. Entrepreneur Of The Year® 2018 Award Finalist in the Gulf Coast Area

SUGAR LAND, Texas, May 14, 2018 — EY today announced that Ivan Hand, President and CEO of national nonprofit Money Management International, Inc. (MMI) is a finalist for the Entrepreneur Of The Year® 2018 Award in the Gulf Coast Area. The awards program recognizes entrepreneurs who excel in innovation, financial performance, and personal commitment to their business and community. READ MORE

Financial Guidance Center Announces Merger with Money Management International

SUGAR LAND, Texas, March 8, 2018 — Financial Guidance Center, a nonprofit credit counseling agency headquartered in Las Vegas, NV, has announced its decision to join Money Management International (MMI), the nation's leader in nonprofit solutions for personal financial challenges. READ MORE

Increased Income from Tax Change Offers Rare Opportunity to Improve Personal Finances

HOUSTON, Feb. 23, 2018 — Last month, the IRS released guidelines requiring employers across the country to apply new federal tax withholding tables to paychecks by February 15th. The U.S. Treasury estimates 90% of all payroll employees will experience higher take-home pay as a result. The monthly increase for a single person earning $50,000 is about $200. READ MORE

Money Management International Receives $25,000 Award from The Coca-Cola Foundation

HOUSTON, Jan. 29, 2018 — The Coca-Cola Foundation recently made a generous, unsolicited gift in recognition of Money Management International’s (MMI) work in Atlanta, and across the nation, for over 50 years. The funding will support a shared priority of both organizations: women’s economic empowerment. READ MORE

2017 Press Releases from MMI

Exceptional Financial Wellness Coach Honored with NFCC® Educator of the Year Nomination

SUGAR LAND, Texas, Sept. 27, 2017 — Money Management International (MMI) is pleased to nominate Maura Attardi of West Long Branch, New Jersey for the 2017 NFCC Educator of the Year. The award will be announced during the NFCC Connect conference, October 1 – 4 in Anaheim, California. READ MORE

Outstanding Student Loan Counselor Honored with NFCC® Counselor of the Year Nomination

SUGAR LAND, Texas, Sept. 19, 2017 — Money Management International (MMI) is pleased to nominate Taunya Kennedy of Chicago, Illinois for the 2017 NFCC Counselor of the Year. The award will be announced during the NFCC Connect conference, October 1 – 4 in Anaheim, California. READ MORE

Money Management International Provides Resources and Counseling in Wake of Hurricanes Harvey and Irma

SUGAR LAND, Texas, Sept. 14, 2017 — Money Management International (MMI) headquarters and staff, directly impacted by Hurricane Harvey, are responding to support their neighbors and other communities affected by recent storms in the Gulf States, Puerto Rico, and the U.S. Virgin Islands. READ MORE

National Nonprofit Expands Financial Wellness Resources for Young Adults

SUGAR LAND, Texas, Aug. 8, 2017 — Mapping Your Future Financial Solutions is proud to announce the expansion of its financial education curriculum for young adults. Members of partner organizations now have access to 56 teen-focused learning modules on the web-based platform, with subjects ranging from basic budgeting to advanced themes such as college funding, investing, and employment-related decisions. READ MORE

Nonprofit Debt Management Comparison Provides Clarity to Indebted Consumers

SUGAR LAND, Texas, June 27, 2017 — A survey of debt management plans (DMP), conducted by the personal finance website NerdWallet, finds Money Management International (MMI) a highly-effective option for those seeking help with credit card debt. NerdWallet studied DMP data provided by some of the largest national nonprofit credit counselors, including fees, adjusted interest rates, and success rates. READ MORE

Clearpoint Receives $350,000 Grant from the SunTrust Foundation to fund Hispanic Center for Financial Excellence (HCFE) in Miami

MIAMI, April 4, 2017 — Today, the SunTrust Foundation announced a grant of $350,000 to Clearpoint's Hispanic Center for Financial Excellence (HCFE) program in Miami, which helps low- to moderate-income families achieve financial stability through free financial education, advice, and tools. READ MORE

Clearpoint Receives $350,000 Grant from the SunTrust Foundation to fund Hispanic Center for Financial Excellence (HCFE) in Atlanta

ATLANTA, April 4, 2017 — Today, the SunTrust Foundation announced a grant of $350,000 to Clearpoint's Hispanic Center for Financial Excellence (HCFE) program in Atlanta, which helps low- to moderate-income families achieve financial stability through free financial education, advice, and tools. READ MORE

Professional financial coaching decreases consumer stress, survey reveals

SUGAR LAND, Texas, March 8, 2017 — A recent survey conducted by Money Management International (MMI), the nation's largest nonprofit credit counseling agency, reveals the positive impact financial coaching and education has had on the lives of the employees of an Oregon-based company. READ MORE

National credit counseling agencies agree to merger

ATLANTA and HOUSTON, Jan. 25, 2017 — Money Management International (MMI) and Clearpoint Credit Counseling Solutions (Clearpoint), two of the nation's largest providers of nonprofit financial education and counseling, have announced their plan to merge operations. Under the merger agreement, the new organization will utilize both the MMI and Clearpoint trade names. READ MORE

National Nonprofit Launches Financial Solutions Program for Seniors

SUGAR LAND, Texas, Jan. 23, 2017 — Today, Money Management International (MMI), a nonprofit financial education and counseling organization, announced the launch of Senior Solutions, an all-inclusive financial stability program created specifically for seniors. Through strategic partnerships and a comprehensive package of diverse financial counseling programs, tools, and services, Senior Solutions aims to help American citizens over the age of 50 achieve financial stability throughout their retirement years. READ MORE