Published on January 30th, 2016 | by Chad T.


Rafael Ulloa – Madison Monroe and Associates

Rafael Ulloa is founder and CEO of Madison, Monroe, & Associates out of Miami Gardens, Florida. During the Debt consolidation boom of the late 2000s he ran one of the largest debt consolidation companies in the state of Florida.

What Gets You Up in the Morning?

As of right now we have over 1,000 active clients in our financial programs. We offer Debt Negotiation, Student Loan Consolidation and Credit Repair and are proud of our A+ rating with the Better Business Bureau. Here at Madison, Monroe, and Associates we currently average about 30-40 graduated clients per month, meaning clients that we settled all of their credit card debts and are now debt free thanks to our help and that is what makes me feel great about life and that is what gets me up in the morning.

Do you have any favorite books?

How to Get Out of Debt, Stay Out of Debt & Live Prosperously by Jerrald Mundis is a great read. Learning to live frugally especially when trying to solve debt issues and helping yourself to get on the right track is very important. We preach this to our clientle when we are helping them and always offer advice of great books that they can read for future prosperity. The Richest Man in Babylon by George S. Clason is another one that educates on acquiring and building wealth but is set to a different time period.

Favorite Place to Vacation?

Miami is my home and can feel like a vacation for many. I love going to the Dominican Republic, Bahamas, and New York City. The first two are for the more tropical feel and when I want to enter the concrete jungle New York fulfills that. Now if I want the best of both worlds I can just stay at home.

How Many Employees Did you have at your Peak?

I used to employ over 120 full time employees but that was in 2009 when the Debt Settlement Industry was booming, but we still generate over a million dollars in new business each year, so it is a successful Company I believe and we have extremely happy clients based on the attention that we give them as a much smaller entity today.

One prediction about the future?

We will see a larger influx of immigrants coming into the United States as political and social uncertainty continues to rise internationally. Brazil, Mexico, and Europe will have some of the largest exodus of immigrants coming to the USA over the next 3 years then in the last 20.

Rafael Ulloa


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