Money Management International

Money Management International (MMI) is a United States network of non-profits that provide consumers with free credit counseling and education.[5][6][7] In about 25 percent of its consultations, it helps consumers develop a debt management or repayment plan.[5] It also hosts workshops, mediates between debtors and lenders, and provides other education and counseling services.[8] MMI is funded primarily by creditors,[6] corporations and public agencies.

Money Management International
501(C)(3) Nonprofit
Founded1997[1]
FounderTerry M. Blaney
HeadquartersSugar Land, Texas, United States[2]
Number of locations
120 (2010)[2]
ServicesFinancial education and counseling
Revenue$86.7 million (2012)[3]
Total assets$42,185,944 (2009)[4]
Number of employees
1,030 (2012)[3]
Websitewww.moneymanagement.org/

History

Money Management International was founded in 1997 by six financial consulting organizations that were members of the Consumer Credit Consulting Services (CCCS) network[1] 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,[1] such as the CCCS of San Diego in 2003[9] and the CCCS of Fort Worth in 2005.[10] MMI still maintains the CCCS name in some states where it operates.[11]

It acquired the accounts of AmeriDebt as part of AmeriDebt's bankruptcy proceedings in 2005.[12] In 2006 it released the microsite, regiftable.com, to promote regifting as a way to reduce spending.[13][14]

It also hosts FinancialLiteracyMonth.com, which has a 30-day program for users to improve their finances during National Financial Literacy Month in April.[15][16][17]

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References
  1. 2012 Annual Report (PDF), Money Management International, retrieved November 4, 2013
  2. Dawson, Jennifer (June 6, 2010). "Old Chevron Space in Sugar Land". Houston Business Journal. Retrieved November 4, 2013.
  3. "CFO of the Year: Nonprofit". Houston Business Journal. August 16, 2013. Retrieved November 4, 2013.
  5. Brent Kessel (8 July 2008). It's Not About the Money. HarperCollins. pp. 264–. ISBN 978-0-06-173463-2.
  6. Oteia Bruce (1 May 2002). The Urban Guide to Biblical Money Management. Urban Ministries Inc. p. 63. ISBN 978-0-940955-73-8.
  7. Wadler, Joyce (December 24, 2008). "Re-Gifting: You Shouldn't Have. But if You Did, Here's How to Get Away With It". New York Times. Retrieved November 4, 2013.
  8. Our Services, Money Management International
  9. "Money Management International Buys Counseling Firm". Cardline. August 29, 2003. Archived from the original on March 29, 2015. Retrieved November 4, 2013.
  10. "Money Management merges with CCS Fort Worth". Houston Business Journal. July 19, 2005. Retrieved November 4, 2013.
  11. "Money Management plans purchase of AmeriDebt". Houston Business Journal. January 14, 2005. Retrieved November 4, 2013.
  12. Ambrose, Elleen (January 25, 2005). "Credit agency's accounts are sold". The Baltimore Sun. Retrieved November 4, 2013.
  13. Lynn Thorne (1 January 2008). Word-of-mouth Advertising, Online and Off: How to Spark Buzz, Excitement, and Free Publicity for Your Business Or Organization with Little Or No Money. Atlantic Publishing Company. pp. 113–. ISBN 978-1-60138-011-1.
  14. "The 'Re-Gifting' Debate". Associated Press. February 11, 2006. Retrieved November 4, 2013.
  15. "April is National Financial Literacy Month". MyBankTracker.com. April 2, 2010. Retrieved November 11, 2013.
  16. Connor, Jennifer (April 29, 2013). "Univest in Souderton participates in Tech Children to Save Say". Montgomey Media.
  17. Bigda, Carolyn (April 13, 2012). "Thirty Steps a path to money management". Chicago Tribune.
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