Articles from Money Management International

"It’s all about meeting people where they are. The DRP lets us do that more effectively than ever before, especially for those who feel they’ve run out of options." - Jim Triggs, President and CEO at MMI

Honors recognize MMI’s creativity in furthering authentic purpose and creating meaningful impact while delivering effective and innovative communications

"Traditionally, we've always seen more women reaching out for help, but this past year, we're seeing an increase in men - particularly single men - making use of our services.” - Thomas Nitzsche, VP of Public Relations, MMI

“The increasing number of young adults reaching out for financial counseling is a clear indicator of the mounting economic pressures they face.” - Thomas Nitzsche, VP of Public Relations, MMI

“These numbers are more than statistics—they represent families struggling to make ends meet." | “Estas cifras son más que estadísticas—representan a familias luchando para llegar a fin de mes." - Emanuel Rivero, Vice President of Operations at MMI

MMI’s ‘Do Debt Differently’ Seeks to Bring Relief to a Generation Under Siege

Nonprofit credit counselor sees 35% increase in demand, 11% increase in housing costs, 8% increase in unsecured debt, and 7% increase in monthly expenses among new clients

“The holidays are over. Now it’s time to survey the damage. Don’t panic.” - Jesse Campbell MMI Content Manager

“From skyrocketing housing costs to mounting unsecured debt, the financial toll of natural disasters has pushed many families to their breaking point.” - Kate Bulger MMI’s Vice President of Business Development

Data details the impact in high-cost areas, including metro areas in California, Florida, New York, Oregon, and Washington

Funding will provide support to improve the financial health of active-duty and veteran servicemembers

Inflation and rising costs drive more people to seek nonprofit credit counseling, especially young adults and Hispanic Americans

Nonprofit Money Management International helps those impacted by Hurricanes Helene and Milton through Project Porchlight

Nonprofit credit counselor explains why consumers carrying high-interest credit card debt will see little to no relief from recent rate cut

Program to deliver financial resiliency and housing stability services to hundreds of Hawaiians, increase capacity of local organizations

“These statistics underscore the escalating financial pressures on individuals and families across the nation.” - Kate Bulger, MMI

Awards recognize media professionals for their valuable contributions in helping consumers conquer debt

Funding will enhance online service delivery nationally and support one-on-one financial counseling in ten select cities

“The debt levels of American households continue to climb. We're now seeing higher-income earners reaching out for help in unprecedented ways. These are concerning trends that we are tracking closely.” - Michelle Jones, Chief External Affairs Officer, MMI

“Thanks to MMI I’m more disciplined now in terms of the choices I make. Some things you’ve just got to say no to…” - Angela Davis, Detroit

“You can regain control of your finances and work towards a debt-free future.” - Gabriel Grant, USMC Veteran

“Perfect storm” of inflation, record-high credit card interest rates, and post-pandemic spending creates notable data migrations at nonprofit credit counselor

Pivotal research supported by JPMorgan Chase will enhance financial wellness efforts within the Hispanic community

“The holidays are over. Now it’s time to survey the financial damage. Don’t panic, but come up with a plan to be debt-free in 2024. MMI is here to help with the first step.” - Thomas Nitzsche, MMI

“These trends are contributing to significantly higher levels of financial stress overall.” -Kate Bulger, Vice President at MMI

Nonprofits Join as Demand for Financial Counseling Increases in Wake of Inflation, Interest Rate Hikes, and Student Loan Forbearance Expiration

Inclusive marketing will offer support services to Hispanic households struggling with debt

The largest increase in debt distress is among young people, aged 18-29

A plan to tackle debt can build savings, improve credit scores, and lead to homeownership

Journalists and media professionals honored for their valuable contributions to community financial literacy at the local and national levels

Agreement provides expanded services and resources to individuals who need support with credit, debt, and savings goals

Student loans will add to the squeeze as payments resume in August, especially if forgiveness is struck down

More than half have used credit card debt relief in their lifetime

Funding Will Help Transform Debt Relief Counseling into a Fully Mobile Experience and Reach More Underserved Families

“The holidays are over. Now it’s time to survey the damage. Don’t panic, come up with a plan to be debt-free in 2023. MMI is here to help with the first step.” Thomas Nitzsche, MMI

Credit card rates at record high according to industry analyst

As economists talk of an impending recession, nonprofit credit counselors advise to prepare now for tough economic days ahead.

75% of those who reached out for credit card debt advice wish they had done so sooner

Amid Rising Inflation, Fed Has Hiked Rates Several Times This Year With Two More Hikes Anticipated Before Year’s End