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Is there a cost for the services provided by MMI? MMI offers many of its services for free or at a low cost to clients, depending on their financial situation and the specific program or counseling session. Credit counseling and financial education resources are typically free of charge, while debt management programs and bankruptcy counseling may involve a small setup fee and monthly service fee. MMI's goal is to make financial assistance accessible to everyone, so fees are based on the client's ability to pay and the level of service provided.
How does bankruptcy counseling from MMI work? If you're considering bankruptcy as a last resort for managing your debts, MMI provides pre-bankruptcy counseling to help you understand the process, implications, and alternatives. MMI counselors can help you evaluate your financial situation, explore debt relief options, and determine if bankruptcy is the right solution for your circumstances. By completing a bankruptcy counseling session with MMI, you can fulfill the prerequisite requirement for filing bankruptcy.
How does housing counseling from MMI benefit homeowners and renters? MMI offers housing counseling services to help homeowners avoid foreclosure, navigate the homebuying process, and improve their financial situation. For renters, MMI provides guidance on finding affordable housing, understanding lease agreements, and managing expenses. Housing counselors at MMI also offer reverse mortgage counseling, homebuyer education, and foreclosure prevention assistance to help clients achieve housing stability.
What is a debt management program and how can MMI help? A debt management program (DMP) is a structured repayment plan that allows you to consolidate your unsecured debts into one monthly payment, often at a lower interest rate. MMI can help you enroll in a DMP and negotiate with your creditors to reduce interest rates and eliminate fees. You make one monthly payment to MMI, which disburses the funds to your creditors. This can help you pay off your debts faster and more affordably while avoiding damage to your credit score.
Can MMI help with student loan debt? Yes, MMI offers student loan counseling to help borrowers understand their repayment options, lower their monthly payments, and avoid default. MMI counselors can help you enroll in income-driven repayment plans, apply for loan forgiveness programs, and negotiate with your loan servicers to achieve more manageable terms. By working with an MMI counselor, you can develop a plan to tackle your student loan debt and achieve financial stability.
What resources does MMI provide for financial education? MMI offers a variety of free resources for financial education, including articles, videos, webinars, worksheets, and calculators. These resources cover a wide range of topics such as budgeting, saving, credit, debt management, homeownership, retirement planning, and more. Whether you're just starting your financial journey or looking to improve your money management skills, MMI has the tools and information you need to make informed decisions and achieve your financial goals.
What sets MMI apart from other financial counseling agencies? MMI stands out from other financial counseling agencies due to its nonprofit status, industry accreditation, certified counselors, personalized approach, comprehensive services, and commitment to client education and empowerment. MMI's mission is to improve lives through financial education and support, and its services are designed to help individuals and families achieve long-term financial stability and success. With over 60 years of experience, MMI is a trusted and reliable partner in financial wellness.
How can I contact MMI for assistance with my financial situation? You can contact MMI by phone, email, or live chat to speak with a certified counselor and get started on improving your financial situation. The toll-free number for MMI is 1-866-889-9347, and representatives are available Monday through Friday from 6 am to 7 pm (PT) and Saturday from 8 am to 5 pm (PT). You can also visit the MMI website at www.moneymanagement.org to learn more about the services offered and access resources for financial education.
offer? Money Management International (MMI) offers a wide range of services to help individuals and families achieve financial stability. These services include credit counseling, debt management programs, housing counseling, student loan counseling, bankruptcy counseling, and financial education resources. MMI's certified counselors work one-on-one with clients to assess their financial situation, develop a personalized plan to improve their financial health, and provide ongoing support and guidance.
How does credit counseling from MMI work? Credit counseling from MMI involves a thorough assessment of your financial situation, including a review of your income, expenses, debts, and credit reports. A certified counselor will work with you to create a budget, develop a debt repayment plan, and provide you with resources and tools to help you manage your finances more effectively. MMI counselors also negotiate with creditors on your behalf to lower interest rates and monthly payments, making it easier for you to pay off your debts.