Money Management International (MMI) is a United States network of non-profits that provide consumers with free credit counseling and education. In about 25 percent of its consultations, it helps consumers develop a debt management or repayment plan. It also hosts workshops, mediates between debtors and lenders, and provides other education and counseling services. MMI is funded primarily by creditors, corporations and public agencies.
History
Money Management International was founded in 1997 by six financial consulting organizations that were members of the Consumer Credit Consulting Services (CCCS) network and is recognized as the world's largest nonprofit, full-service credit counseling agency in the United States. It has merged with more than 20 CCCS agencies, such as the CCCS of San Diego in 2003 and the CCCS of Fort Worth in 2005. MMI still maintains the CCCS name in some states where it operates.
It acquired the accounts of AmeriDebt as part of AmeriDebt's bankruptcy proceedings in 2005. In 2006 it released the microsite, regiftable.com, to promote regifting as a way to reduce spending.
It also hosts FinancialLiteracyMonth.com, which has a 30-day program for users to improve their finances during National Financial Literacy Month in April.
References
External links
- Official website
- regiftable.com
