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Money Management International Reviews

Sarah Edwards | April 27, 2023

Sarah Edwards
Legal Expert
Sarah Edwards, BS

Sarah Edwards is a professional researcher and writer specializing in legal content. An Emerson College alumna, she holds a Bachelor of Science in Communication from the prestigious Boston institution.

Edited by Hannah Locklear

Hannah Locklear
Editor at SoloSuit
Hannah Locklear, BA

Hannah Locklear is SoloSuit’s Marketing and Impact Manager. With an educational background in Linguistics, Spanish, and International Development from Brigham Young University, Hannah has also worked as a legal support specialist for several years.

Summary: Money Management International is a nonprofit organization that offers credit counseling and debt relief services. MMI’s services are extensive and convenient, though some debtors may prefer to negotiate a settlement on their own terms with the help of SoloSuit.

If you’re struggling with debt, you’ve no doubt stumbled across Money Management International. The organization offers a variety of financial services, from budgeting help to debt relief. Here’s what you need to know about Money Management International so that you can make an informed decision when it comes to debt management.

What is Money Management International?

Founded in 1997, Money Management International (MMI) is a nonprofit organization that provides credit counseling services and debt relief in all 50 states. Its website claims that it is the largest nonprofit credit counseling service in the United States.

MMI provides a variety of services, including:

  • General budgeting and financial advice.
  • Debt management planning.
  • Student loan management.
  • Housing counseling.
  • Bankruptcy counseling.

The fees for these services vary, though users can receive general budgeting advice for free. Some housing counseling services are available for free, though fees can climb to $199, depending on the service. Debt management planning can cost up to $50 per month.

Is Money Management International a scam?

MMI is a legitimate agency. It is a member of the National Foundation for Credit Counseling, an external organization that regulates financial counseling agencies.

As of 2023, MMI had an A+ score with the Better Business Bureau, with whom it is accredited. Additionally, MMI has physical offices in 25 states.

How MMI attempts to reduce your debt

Users can start the intake process through MMI’s online portal, though they can request assistance from a counselor through the chat feature or directly by phone.

MMI offers debt management plans that help you get out of debt. This is a type of debt consolidation. You’ll make a payment to MMI each month, and the organization will pay your creditors on your behalf.

The advantage is that MMI will negotiate with your creditors for you. As a result, you could see lower interest rates or even a reduction in your total debt. These services allow you to get out of debt faster, with plans designed to eliminate your debt within five years.

Learn how to confirm your debt with your creditor with SoloSuit.

Consider the pros and cons of Money Management International

MMI is a secure choice for those looking for debt relief programs or financial counseling. But before you contact MMI, consider some of the advantages and disadvantages of its services.

There may be benefits to working with Money Management International

MMI offers users:

  • Affordable debt relief solutions.
  • Free initial consultations.
  • Financial counseling programs and budgeting help.
  • A simple user interface and strong customer service.
  • Availability in all 50 states, with physical locations in 25.

As a result, MMI clients can streamline debt repayment, save money, and receive guidance on how to plan their financial futures.

Working with Money Management International has drawbacks

Despite these advantages, there are still a few drawbacks to be aware of:

  • MMI charges fees for some services.
  • MMI charges monthly fees for debt relief programs.
  • Using MMI may decrease your credit score.
  • Users will still need to manage their payment schedules.
  • Not all creditors will participate in a debt relief program.

You might consider using MMI if you’re struggling with debt. Just make sure that the cost of a debt relief program is offset by the amount you’ll save by resolving your debt quickly. Otherwise, you might consider alternatives to using a service like MMI.

There are alternatives to Money Management International

If you’re buried in debt, MMI can help you, but it might not be the best option. Instead, you might consider settling the debt on your own. You can negotiate a settlement with your creditor directly. This helps you avoid going to court, and you may even be able to set up a repayment plan.

Learn how to send a Debt Settlement Letter from this helpful video.

If you’re being hounded by a collection agency, you may be able to settle your debt for as little as 1% to 60% of the original amount, all without paying for outside assistance.

Take a look at an example of debt settlement

Let’s look at an example.

Example: Rick has been struggling with credit card debt for a while now. He just received word that he is being sued for the debt. Fortunately, Rick uses SoloSuit to file his Answer, then negotiates a settlement. Once the creditor agrees, SoloSuit helps Rick make payments, getting him out of debt for a lower amount.


Learn more about how SoloSuit can help you settle your debt.

Respond to a lawsuit quickly

If you’ve been sued over past debts, a debt relief program alone can’t help you. SoloSuit can. Our app-based service helps you craft your Answer and respond to your creditor. Once complete, you can send the Answer to your creditor and file it with the court — or even have one of SoloSuit’s experienced attorneys review it.

What is Solo?

Solo makes it easy to resolve debt with debt collectors.

You can use SoloSuit to respond to a debt lawsuit, to send letters to collectors, and even to settle a debt. SoloSuit's Answer service is a step-by-step web-app that asks you all the necessary questions to complete your Answer. Upon completion, we'll have an attorney review your document and we'll file it for you.

SoloSettle can help you contact your debt collector or creditor and negotiate the debt to settle for less, all online. It simplifies and streamlines the process to settling your debt.

No matter where you find yourself in the debt collection process, Solo is here to help you resolve your debt.

>>Read the FastCompany article: Debt Lawsuits Are Complicated: This Website Makes Them Simpler To Navigate

>>Read the NPR story on SoloSuit. (We can help you in all 50 states.)

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Here's a list of guides on how to respond to a debt collection lawsuit in each state:

The Ultimate 50 State Guide

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Are you being sued by a debt collector? We’re making guides on how to resolve debt with each one.

Resolve your debt with your creditor

Some creditors, banks, and lenders have an internal collections department. If they come after you for a debt, Solosuit can still help you respond and resolve the debt. Here’s a list of guides on how to resolve debt with different creditors.

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Having a health challenge is stressful, but dealing medical debt on top of it is overwhelming. Here are some resources on how to manage medical debt.

Guides on arbitration

If the thought of going to court stresses you out, you’re not alone. Many Americans who are sued for credit card debt utilize a Motion to Compel Arbitration to push their case out of court and into arbitration.

Below are some resources on how to use an arbitration clause to your advantage and win a debt lawsuit.

Stop calls from debt collectors

Do you keep getting calls from an unknown number, only to realize that it’s a debt collector on the other line? If you’ve been called by any of the following numbers, chances are you have collectors coming after you, and we’ll tell you how to stop them.

Federal debt collection laws can protect you

Knowing your rights makes it easier to stand up for your rights. Below, we’ve compiled all our articles on federal debt collection laws that protect you from unfair practices.

Get debt relief in your state

We’ve created a specialized guide on how to find debt relief in all 50 states, complete with steps to take to find relief, state-specific resources, and more.

Debt collection laws in all 50 states

Debt collection laws vary by state, so we have compiled a guide to each state’s debt collection laws to make it easier for you to stand up for your rights—no matter where you live.

Statute of limitations on debt state guides

Like all debt collection laws, the statute of limitations on debt varies by state. So, we wrote a guide on each state’s statutes. Check it out below.

Statute of Limitations on Debt Collection by State (Best Guide)

Check the status of your court case

Don’t have time to go to your local courthouse to check the status of your case? We’ve created a guide on how to check the status of your case in every state, complete with online search tools and court directories.

How to stop wage garnishment in your state

Forgot to respond to your debt lawsuit? The judge may have ordered a default judgment against you, and with a default judgment, debt collectors can garnish your wages. Here are our guides on how to stop wage garnishment in all 50 states.

Other wage garnishment resources

How to settle a debt in your state

Debt settlement is one of the most effective ways to resolve a debt and save money. We’ve created a guide on how to settle your debt in all 50 states. Find out how to settle in your state with a simple click and explore other debt settlement resources below.

How to settle with every debt collector

Not sure how to negotiate a debt settlement with a debt collector? We are creating guides to help you know how to start the settlement conversation and increase your chances of coming to an agreement with every debt collector.

Other debt settlement resources

Personal loan and debt relief reviews

We give a factual review of the following debt consolidation, debt settlement, and loan organizations and companies to help you make an informed decision before you take on a debt.

How to repair and improve your credit score

Debt has a big impact on your credit. Below is a list of guides on how to repair and improve your credit, even while managing major debt.

How to resolve student loan debt

Struggling with student debt? SoloSuit’s got you covered. Below are resources on handling student loan debt.

Civil law legal definitions

You can represent yourself in court. Save yourself the time and cost of finding an attorney, and use the following resources to understand legal definitions better and how they may apply to your case.

Get answers to these FAQs on debt collection

How-to debt guides

Learn more with these additional debt resources

It only takes 15 minutes.

And 50% of our customers' cases have been dismissed in the past.


"Finding yourself on the wrong side of the law unexpectedly is kinda scary. I started researching on YouTube and found SoloSuit's channel. The videos were so helpful, easy to understand and encouraging. When I reached out to SoloSuit they were on it. Very professional, impeccably prompt. Thanks for the service!" - Heather



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