Money Management International

Nonprofit Money Management International (MMI) Reveals Insights on the Hispanic Financial Experience

Retrieved on: 
Wednesday, March 27, 2024
Foreign policy, Hispanic, MBE, Minority business enterprise, Education, Research, MMI, Money Management International, Senior counsel, Service provider, Perception, JPMorgan Chase

The study sheds light on the unique financial experiences and challenges faced by Hispanic consumers.

Key Points: 
  • The study sheds light on the unique financial experiences and challenges faced by Hispanic consumers.
  • Debt Perception and Management: Hispanics expressed negative feelings towards debt, with a strong desire for education and support to effectively manage their financial obligations.
  • "We have been committed to serving the Hispanic community for decades, and we are excited about the potential this research unlocks.
  • By understanding the nuances of Hispanic financial experience, we can evolve our outreach and programs to continue to meet their unique needs," said Michelle Jones , Chief External Affairs Officer at MMI.

Nonprofit MMI Provides Help to Americans Drowning in Holiday Debt

Retrieved on: 
Wednesday, January 3, 2024
Human, Holiday, Friedrich Nietzsche, Counselor, MMI, Money Management International, Bank

The nonprofit is poised to help tens of thousands of people pay off credit card debt in 2024.

Key Points: 
  • The nonprofit is poised to help tens of thousands of people pay off credit card debt in 2024.
  • In addition, the average level of total unsecured debt among consumers seeking debt help has also steadily increased from around $20,000 to almost $30,000 during the same timeframe.
  • If you need help getting started, the certified experts at MMI are available 24/7.
  • Many clients find relief with a debt management plan, which can save them thousands of dollars and accelerate their repayment .

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

Retrieved on: 
Monday, November 6, 2023
Pressure, MMI, St. Louis Fed Financial Stress Index, COVID, Sport, Housing, Money Management International, Senior counsel, Insurance

Additionally, MMI found that housing default counseling clients in 2023 are burdened with an average unsecured debt 12% higher than clients in 2022.

Key Points: 
  • Additionally, MMI found that housing default counseling clients in 2023 are burdened with an average unsecured debt 12% higher than clients in 2022.
  • Furthermore, clients in 2023 are grappling with average non-mortgage secured debt 10% higher than in 2022.
  • Consequently, consumers facing mortgage payment challenges today have fewer lifelines compared to previous years.
  • "Our mission at MMI is to provide crucial financial counseling and support to individuals facing these challenges,” Bulger added.

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

Retrieved on: 
Thursday, September 21, 2023
Housing, Education, Senior counsel, DMP, Money Management International, MMI, Family, Property management

STAFFORD, Texas, Sept. 21, 2023 (GLOBE NEWSWIRE) -- 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.

Key Points: 
  • STAFFORD, Texas, Sept. 21, 2023 (GLOBE NEWSWIRE) -- 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.
  • Formed in 1966, CCCSMD has guided hundreds of thousands of people on their journey to financial freedom.
  • "We are excited about the possibilities presented by this merger," said Helene Raynaud, President and CEO of CCCSMD.
  • Local residents will continue to have access to in-person counseling and education services through CCCSMD’s offices, located in California, Florida, Maryland, and Virginia.

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

Retrieved on: 
Tuesday, September 19, 2023
Ageing, Money Management International, MMI, Housing, Senior counsel, Bank, Credit

STAFFORD, Texas, Sept. 19, 2023 (GLOBE NEWSWIRE) -- 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.

Key Points: 
  • STAFFORD, Texas, Sept. 19, 2023 (GLOBE NEWSWIRE) -- 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.
  • The data shows that the average number of clients seeking help from MMI increased by 40% in August 2023 from August last year.
  • This increase was seen in all age groups, with the largest increase seen from January to August 2023 among those aged 18-29 (56%).
  • “If you are struggling with debt, please don’t hesitate to reach out to us for help.”

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

Retrieved on: 
Tuesday, August 15, 2023
JPMorgan Chase, Marketing, Advertising, United States Census Bureau, Money Management International, Urban Institute, Habit, Senior, MMI, Birth control

STAFFORD, Texas, Aug. 15, 2023 (GLOBE NEWSWIRE) -- 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.

Key Points: 
  • STAFFORD, Texas, Aug. 15, 2023 (GLOBE NEWSWIRE) -- 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.
  • The program is designed to increase reach to Hispanic families who are struggling with debt and extend services to help them navigate financial challenges.
  • A report by the Urban Institute at its 2019 Summit on Hispanic Wealth found that Hispanic families own fewer financial assets ($20k) than non-Hispanic white families ($100k).
  • Only 15% of Hispanic families have three months of living expenses saved, compared with 42% of non-Hispanic families.

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

Retrieved on: 
Wednesday, July 26, 2023
Lazarus, DMP, Money Management International, Debt management plan, Data analysis, Dream, Novella, MMI, Fannie Mae, Bank, Credit

STAFFORD, Texas, July 26, 2023 (GLOBE NEWSWIRE) -- 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.

Key Points: 
  • STAFFORD, Texas, July 26, 2023 (GLOBE NEWSWIRE) -- 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.
  • The stress of added debt can make it difficult for people to save for a down payment, limiting first-time home buyers.
  • While working with the debt relief counselors at MMI, Lauren Lazarus paid off $25,000 of debt in about 4.5 years and was able to buy a home.
  • Many clients find relief with a debt management plan, which can save them thousands of dollars and accelerate their repayment .

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

Retrieved on: 
Tuesday, July 18, 2023
FLEC, NSW Premier's Multicultural Communication Awards, Money Management International, MMI, Empowerment, Education, Trusted Media Brands

STAFFORD, Texas, July 18, 2023 (GLOBE NEWSWIRE) -- 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 .

Key Points: 
  • STAFFORD, Texas, July 18, 2023 (GLOBE NEWSWIRE) -- 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 .
  • “We are thankful for all journalists who work hard to share stories of financial education and empowerment to support communities across the country,” said Jim Triggs , President and CEO at MMI.
  • Americans face economic challenges like rising interest rates, affordable housing, and student loan debt.
  • “Our relationships with journalists are critical to reaching Americans struggling with debt,” said Thomas Nitzsche , Sr. Director of Media & Brand at MMI.

NHLPA Launches NHLPA UNLMT – A Bespoke Initiative Designed to Maximize NHL Players’ Experience

Retrieved on: 
Thursday, June 22, 2023
Hockey, Education, Sports, General Sports, Continuing, University, Online, UBC Sauder School of Business, Second City, National Hockey League, NHL, Mentorship, Stanford Graduate School of Business, Colorado Avalanche, Buffalo Sabres, Entrepreneurship, Ice, NHLPA, Money Management International, Management, Business

Born of the NHLPA’s commitment to empowering NHL players to connect, engage, and excel, NHLPA UNLMT utilizes a truly bespoke, by-the-players, for-the-players approach, helping players become the best they can be during their hockey career and for years to come.

Key Points: 
  • Born of the NHLPA’s commitment to empowering NHL players to connect, engage, and excel, NHLPA UNLMT utilizes a truly bespoke, by-the-players, for-the-players approach, helping players become the best they can be during their hockey career and for years to come.
  • Players can explore and unlock their strengths and interests through a best-in-class assessment experience, and guidance from NHLPA UNLMT personal strategists to seek out pathways and mentors to support them in carving out their own unique path.
  • The initiative ensures players receive one-on-one support every step of the way, driving meaningful outcomes for them in the process.
  • “With this initiative, we are focused on providing individualized support for each player so that they can excel both during their playing career and in the future,” said Marty Walsh, NHLPA Executive Director.

Nonprofits Money Management International and SaverLife Announce Financial Wellness Partnership

Retrieved on: 
Wednesday, June 14, 2023
St. Louis Fed Financial Stress Index, Partnership, Money Management International, Leigh, MMI, SaverLife, Senior counsel, Bank

STAFFORD, Texas, June 14, 2023 (GLOBE NEWSWIRE) -- 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.

Key Points: 
  • STAFFORD, Texas, June 14, 2023 (GLOBE NEWSWIRE) -- 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.
  • This new partnership addresses the unique financial needs and challenges of both MMI clients and SaverLife members by creating pathways for them to take steps toward their financial goals — and in a way that makes the most sense for their financial circumstances.
  • MMI clients will build financial stability by joining SaverLife and taking advantage of a variety of content and resources, while SaverLife members will have access to MMI’s credit counseling and debt management services.
  • “Our partnership with MMI will expand the financial health opportunities we can offer to our members.