Debt Consolidation in The Bronx

Combine eligible debts into one structured monthly payment—with support from a nonprofit credit counselor serving The Bronx and communities across New York.

✓ One structured monthly payment — no new loan
Eligible debts may be organized into a single payment through a nonprofit Debt Management Plan.
✓ Personalized counseling and budget review
Review your full financial picture and receive clear, practical next steps.
✓ Possible interest and fee reductions
We work with participating creditors to seek lower rates and certain fee relief when available.

Explore Debt Counseling Programs

Free, no-obligation consultation.

We Work With Major Credit Card Companies (and Many More)

This is just a sample of the many creditors we work with to help The Bronx residents reduce debt through a nonprofit Debt Management Plan.

Debt Consolidation for The Bronx Residents

From the vibrant streets of Fordham to the cultural heart of Mott Haven, The Bronx residents face high living costs and mounting debt. Nonprofit debt consolidation combines eligible debts into one predictable payment, reducing total repayment costs. No hard credit pull for counseling; no obligation.

Yankee Stadium in The Bronx at dusk with lights on, surrounded by urban skyline and streets.

How it helps: One monthly payment, potential interest reductions and fee relief through a nonprofit Debt Management Plan—without a new loan or balance transfer.

Reviewed by Money Fit Team • Updated December 17, 2025

What is debt consolidation?

Debt consolidation combines eligible unsecured debts into a single, structured payment—without taking out a new loan. Through a nonprofit Debt Management Plan:

Make one monthly payment to the program.
We work with creditors to reduce interest and waive certain fees.
Focus on repayment and stability, not new borrowing.

Why consolidation makes sense in The Bronx

The Bronx’s diverse communities experience pressures from commuting, family expenses, and economic shifts. High APRs and compounding interest can overwhelm budgets. Consolidation brings relief across neighborhoods like Riverdale and Parkchester.

Who we help

Consolidation may fit if you’re managing:

Credit cards and retail/store cards
Collections from utilities, telecom, or medical providers
Payday loans and other high-cost short-term debt
Medical bills and other unsecured balances

“Money Fit gave me a way to handle my bills after a tough year—rates dropped and I could breathe again.” — Luis, The Bronx

“The counselor was understanding and got results fast. My payments now go toward paying off debt.” — Tasha, The Bronx

How our program works

1. Free conversation — a certified nonprofit counselor reviews your income, expenses, and debts.

2. Personalized plan — if consolidation is a fit, we design a budget-aligned payment schedule.

3. Creditor proposals — we request interest reductions and fee relief directly with creditors.

4. One payment, ongoing guidance — you make a single monthly payment and receive support through completion.

When to consider consolidation

Minimums are getting paid but balances aren’t dropping
Frequent late fees or accounts slipping behind
Card promo rates ended and APRs jumped
You want a structured, nonprofit path to become debt-free

Marisol’s brighter future in The Bronx

Marisol, a home health aide in Fordham, supported her extended family while covering childcare for her granddaughter. A hospital stay and rising subway fares pushed her into credit card reliance, and high interest rates made every shift feel like it vanished into payments.

At a community center workshop, Marisol learned about Money Fit and called for a free consultation. Her counselor, familiar with shift work challenges, built a Debt Management Plan around her pay schedule. Creditors lowered rates and forgave penalties, turning chaos into one affordable payment.

As her balances fell, Marisol treated her granddaughter to Bronx Zoo visits without worry. Ongoing check-ins kept her motivated, and she now shares budgeting tips with coworkers facing similar struggles.

*The quotes and story above are representative scenarios based on common client experiences. Names and details have been modified for privacy.

Additional resources

Licensed to serve New York

Money Fit by DRS, Inc. provides debt relief services in New York.
Money Fit by DRS, Inc. is licensed and based in New York, with an office at 4170 Veterans Memorial Hwy Suite 203, Bohemia, NY 11716.
New York State Department of Financial Services
1 State Street,
New York, NY 10004-1511
https://www.dfs.ny.gov/
License Number: BP100729
Proudly serving The Bronx and communities across New York City.