Young people don’t understand how credit works

Millennials are a savvy bunch. An age group comprised of those born at the close of the last century, millennials (roughly ages 18 to 34) grew up during the advent of the... Read more »

Three questions about debt collection

Ask the Experts: Three questions about debt, debt collection, and credit reports Hi, I am not working now and would like to eventually pay for my debts; however I’m not able to do... Read more »

When splurging is the right thing to do

One of the biggest hurdles in this track meet we call money management is figuring out when it’s “ok” to spend your money – really spend some money. In trying to grow... Read more »

Why you probably won’t ask your parents for financial advice

Mom and Dad know a lot of stuff. When you’re growing up, they’re basically your go-to source for answers to your questions about life, the universe, and everything. (Unless kids ask Google... Read more »

Avoiding homebuyer’s remorse

  If you’re a homeowner, there’s a 25 percent chance that you wish you hadn’t bought your current home. That’s according to a recent survey conducted by the real estate brokerage Redfin. They found that... Read more »

Is being on my dad’s credit card helping or hurting me?

  Ask the Experts: Is being on my father's account helping or hurting? Hello, so my situation is that my father added me to his credit card when I went abroad, but I hardly... Read more »

How I learned to stop worrying and love my budget

We talk up budgets quite a bit here at MMI, and with just cause: they’re pretty awesome. Anyone with short-term and long-term goals can benefit from a budget. Really, anyone who has money... Read more »

MMI supports new housing program for those impacted by recession

  Our long climb out of the “Great Recession” has been a slow one. In the face of a rapidly failing economy, millions of Americans lost their jobs and thousands upon thousands lost... Read more »

Will closing this account hurt my credit score?

Ask the Experts: Should I wait before I close this credit card? I recently completed paying off my credit card debts (thanks to MMI!). I currently have 2 general credit cards - one... Read more »

Should you ever cosign on a loan?

A recent survey conducted by the credit reporting agency Experian found that approximately two-thirds of all millennials (those born between the late 1970s and mid-1990s) have used a cosigner at least once, usually... Read more »