Money Management International

Money Management International
501(C)(3) Nonprofit
Founded 1997[1]
Founder Terry M. Blaney
Headquarters Sugar Land, Texas, United States[2]
Number of locations
 120 (2010)[2]
Services Financial education and counseling
Revenue $86.7 million (2012)[3]
Number of employees
 1,030 (2012)[3]
Website www.moneymanagement.org/

Money Management International (MMI) is a United States network of non-profits that provide consumers with free credit counseling and education.[4][5][6] In about 25 percent of its consultations, it helps consumers develop a debt management or repayment plan.[4] It also hosts workshops, mediates between debtors and lenders, and provides other education and counseling services.[7] MMI is funded primarily by creditors,[5] 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[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[8] and the CCCS of Fort Worth in 2005.[9] MMI still maintains the CCCS name in some states where it operates.[10]

It acquired the accounts of AmeriDebt as part of AmeriDebt's bankruptcy proceedings in 2005.[11] In 2006 it released the microsite, regiftable.com, to promote regifting as a way to reduce spending.[12][13]

It also hosts FinancialLiteracyMonth.com, which has a 30-day program for users to improve their finances during National Financial Literacy Month in April.[14][15][16]

References

  1. 1 2 3 2012 Annual Report (PDF), Money Management International, retrieved November 4, 2013
  2. 1 2 Dawson, Jennifer (June 6, 2010). "Old Chevron Space in Sugar Land". Houston Business Journal. Retrieved November 4, 2013.
  3. 1 2 "CFO of the Year: Nonprofit". Houston Business Journal. August 16, 2013. Retrieved November 4, 2013.
  4. 1 2 Brent Kessel (8 July 2008). It's Not About the Money. HarperCollins. pp. 264–. ISBN 978-0-06-173463-2.
  5. 1 2 Oteia Bruce (1 May 2002). The Urban Guide to Biblical Money Management. Urban Ministries Inc. p. 63. ISBN 978-0-940955-73-8.
  6. ↑ 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.
  7. ↑ Our Services, Money Management International
  8. ↑ "Money Management International Buys Counseling Firm". Cardline. August 29, 2003. Retrieved November 4, 2013.
  9. ↑ "Money Management merges with CCS Fort Worth". Houston Business Journal. July 19, 2005. Retrieved November 4, 2013.
  10. ↑ "Money Management plans purchase of AmeriDebt". Houston Business Journal. January 14, 2005. Retrieved November 4, 2013.
  11. ↑ Ambrose, Elleen (January 25, 2005). "Credit agency's accounts are sold". The Baltimore Sun. Retrieved November 4, 2013.
  12. ↑ 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.
  13. ↑ "The 'Re-Gifting' Debate". Associated Press. February 11, 2006. Retrieved November 4, 2013.
  14. ↑ "April is National Financial Literacy Month". MyBankTracker.com. April 2, 2010. Retrieved November 11, 2013.
  15. ↑ Connor, Jennifer (April 29, 2013). "Univest in Souderton participates in Tech Children to Save Say". Montgomey Media.
  16. ↑ Bigda, Carolyn (April 13, 2012). "Thirty Steps a path to money management". Chicago Tribune.
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