Money Management International (MMI) Expands Services in Detroit and Minneapolis
14 Mayo 2024 - 8:00AM
Money Management International (MMI), a pioneer in nonprofit
financial education and empowerment, proudly announces the opening
of two new branches in Detroit, Michigan and Minneapolis,
Minnesota. The new branches will enable greater access to a wide
range of services, including financial counseling, debt relief,
housing help, and more.
MMI has delivered nonprofit financial education and counseling
to Michiganders and Minnesotans by phone or online for decades, but
the expansion marks the first time MMI has opened locations in
either state. The two new branches follow the recent addition of
offices in California, Florida, Maryland, and Virginia through
MMI's merger with CCCSMD.
"Expanding MMI’s presence in these communities underscores our
commitment to providing accessible financial resources to all,”
said Thomas Nitzsche, Sr. Director at MMI. “Detroit and Minneapolis
face unique financial challenges, and our goal is to empower more
residents with the tools and knowledge they need to achieve
financial security.”
MMI has experienced increased demand for financial counseling
across both Michigan and Minnesota, mirroring reports of rising
debt and bankruptcies. MMI clients in both states demonstrate
above-average reliance on credit, with 53% self-reporting excessive
use of credit cards as their primary reason for seeking help. The
average unsecured debt carried by new clients from both states is
also growing faster than the national average, up 17% (MI) and 31%
(MN) compared to a national increase of 11% in the first quarter of
2024 versus 2023.
“Debt was a persistent underlying stress,” said Angela Davis, an
MMI client from Detroit who is on track to be debt-free by the end
of the year. “One month my bills were $500 and the next month
they’re $600. That insecurity, not knowing how much money I needed
to pay off the interest, just became a rat race.”
“MMI helped me set a realistic goal to pay off my debts on my
road to financial stability,” added a Twin Cities native who paid
off almost $25,000 of debt with the help of an MMI debt management
plan.
By adding these cities to its branch network and leveraging
best-in-class digital and media capabilities, MMI will increase
access to care and build stronger, more resilient communities where
individuals and families can thrive.
About MMI
Money Management International (MMI) is at the forefront of
changing how America overcomes financial challenges. With over 65
years of experience, MMI empowers individuals to achieve financial
confidence through education, motivation, and informed choices.
Named among the nation's best by Bankrate, ConsumerAffairs,
Investopedia, Forbes, Fortune, and USA Today, MMI helps people
overcome everyday and extraordinary financial challenges. Through
nonprofit programs that offer expert guidance and timely solutions,
MMI inspires action and fosters a life of financial wellness. Learn
more at: MoneyManagement.org
For reporters seeking real people to interview, MMI has
created a group of nearly 400 clients from across the country who
are willing to share their experiences with the media in the hopes
of helping others challenged with debt. Our peer advocates have
paid off over $16 million of debt and now serve as MMI ambassadors.
Hear from them on MMI’s podcast, Long Story
$hort.
To schedule an interview about MMI’s
Consumer Stress Dashboard and to speak with our
experts or MMI Peer Advocates in your market, please
contact:
Thomas Nitzsche, 404.490.2227,
Thomas.Nitzsche@MoneyManagement.org
Lori Geary, Lexicon Strategies,
lgeary@lexiconstrategies.com
Thomas Nitzsche
Money Management International
404.490.2227
Thomas.Nitzsche@MoneyManagement.org
Lori Geary
Lexicon Strategies
404.551.2151
lgeary@lexiconstrategies.com