The current student loan debt crisis in the U.S. is real. Total student loan debt currently stands at more than $1.16 trillion. And, according to the Federal Reserve Bank of New York, student loans represent the highest amount of delinquent debt compared to all other forms of household debt, including mortgages, auto loans, and credit cards.
Gaining a college education has long been among the most important first steps towards obtaining a happy and prosperous life. The reality, however, is that most college graduates are starting their adult life deep in debt, and feeling stressed and completely unprepared to manage their financial lives. The good news is that the government has created programs to help borrowers reduce the burden caused by student loan debt. To learn more about these government programs, visit StudentAid.ed.gov.
Money Management International (MMI), along with other nonprofit organizations and consumer advocate groups, have taken additional steps to help struggling student loan borrowers understand their repayment plan options, find solutions for managing other debt obligations, and create realistic action plans for reaching overall financial success.
To view the Multimedia News Release, go to http://www.multivu.com/players/English/7406151-mmi-student-loan-debt/
Money Management International (MMI) is participating in a nationwide partnership to help families struggling with their mortgage payments apply for help from the Federal government’s Making Home Affordable Program (MHA). The MHA program is an important part of the Obama administration’s comprehensive plan to help homeowners get mortgage relief and avoid foreclosure.
To view Multimedia News Release, go to http://www.multivu.com/mnr/52440-money-management-international-mmi-mortgage-relief-mha-program
American households are carrying an average of nearly $16,000 of credit card debt, which translates into more than $2,000 in finance charges and fees each year, according to the Federal Reserve.
Even with statistics like these, freedom from debt is an achievable goal for every family. The first step in regaining control is to take an honest look at your overall financial picture. The experts at Money Management International have developed a “debt test” to help consumers’ asses their financial standing.
To view Multimedia News Release, go to http://www.multivu.com/mnr/52437-mmi-offers-advice-for-paying-down-debt-do-you-pass-the-debt-test
April is National Financial Literacy Month! And, the perfect opportunity to take steps toward better finances. In honor of this important holiday, Money Management International (MMI), the creators of FinancialLiteracyMonth.com, invite you to celebrate this important month by taking steps to improve your overall financial well-being for a chance to win $500!
To view Multimedia News Release, go to http://www.multivu.com/mnr/52436-money-management-international-financial-literacy-month-challenge
Debt is a burden that millions of Americans carry on a daily basis. In fact, the average family spends 20 percent of their household income paying down debt. But the scary fact about debt is that it doesn’t just impact your finances.
No one knows the far-reaching impact of debt more than Sharon, a former client of the nonprofit organization, Money Management International (MMI). Sharon struggled for years to stay current on more than $40,000 of debt, but eventually found a solution for overcoming the financial burden that she had faced for so long. Sharon, as well as others in similar situations, share their experiences and their journey throughout the debt repayment process through MMI’s new podcast series.
To view Multimedia News Release, go to http://www.multivu.com/mnr/52398-money-management-international-mmi-managing-debt-psa
As homeowners continue struggling with foreclosures and mortgage defaults, Money Management International (MMI), the nation’s largest nonprofit, full-service credit counseling agency, is reminding consumers of the many tools and financial education resources available to help fight back against foreclosure and keep their piece of the American Dream.
As more American families struggle with mortgage delinquency, there are calls for more scrutiny of banks and lenders, and for the government to do something about it. Some predict improvement; others say it could get worse. Whatever the case, more and more homeowners are struggling to make ends meet and find a way to hold on to their most valuable asset – their home.
To view Multimedia News Release, go to http://multivu.prnewswire.com/mnr/mmi/47068/
Money Management International (MMI), the nation’s largest nonprofit, full-service credit counseling agency, has been approved to assist struggling homeowners in applying for the Emergency Homeowners’ Loan Program (EHLP). The EHLP, announced by the U.S. Department of Housing and Urban Development (HUD), was implemented as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The program will provide $1 billion to assist up to 30 thousand homeowners in 27 states and Puerto Rico.
To view Multimedia News Release, go to http://multivu.prnewswire.com/mnr/mmi/47067/
Money Management International (MMI), the largest nonprofit credit counseling agency in the nation, has just launched a free new online resource to teach kids about good money management: MoneyBunny.com. On the site, children can explore the world of the Money Bunnies and jump-start their learning about wise financial choices.
To view Multimedia News Release, go to http://multivu.prnewswire.com/mnr/moneymanagement/44649/
