Free Credit Counseling and Debt Help
Nonprofit Credit Counseling
Review your budget and debt with a certified Money Fit counselor at no cost. If a debt management plan fits, it can lower monthly debt payments, simplify eligible accounts, and create a more manageable way forward.
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Save more than $250 per month on average*
Clients who enroll in a Money Fit debt management plan reduce their total monthly debt payments by more than $250 on average.
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One monthly payment and a faster payoff path
Combine eligible debts into one payment and work toward paying balances in full sooner than making minimum payments alone.
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A practical plan and greater peace of mind
Know what you will pay, where the money goes, and what happens next, with support available along the way.
*Based on Money Fit client enrollment data. Individual payment changes and results vary.
Debt Management Plans and Major Creditors
Credit counseling may show that a debt management plan fits your budget. Money Fit works with many major credit card issuers and unsecured creditors to organize eligible debts into one monthly payment and send payments to participating creditors.
The logos shown are examples, not a complete list or an endorsement. Participation and available terms depend on the creditor and account.
What credit counseling does
Credit counseling begins with a confidential review of your income, expenses, debts, and goals. A counselor helps you understand what is happening in your budget and compare practical repayment options.
One option may be a nonprofit debt management plan for eligible unsecured debts. A plan is recommended only when it fits your budget and provides a workable path forward.
An independent way to verify the agency behind Money Fit
Money Fit is operated by Debt Reduction Services, Inc., a member of the National Foundation for Credit Counseling and the Financial Counseling Association of America. Both organizations maintain public member listings, giving consumers another place to confirm the credit counseling agency behind Money Fit.
What a credit counselor reviews
The conversation looks at your whole financial picture before discussing a repayment path.
Budget and cash flow
Income, housing, utilities, food, transportation, insurance, medical costs, and irregular expenses all affect what is realistic.
Debt and account details
Balances, rates, minimum payments, due dates, account status, and creditor details help show which options may fit.
Goals and next steps
Your counselor helps compare self-guided repayment, creditor options, consolidation approaches, and a debt management plan when appropriate.
When a debt management plan may help
A debt management plan is one possible outcome of counseling, not a requirement. It can create a more organized path when the payment fits your budget and your creditors participate.
Potential monthly savings
Participating creditors may reduce interest rates or provide fee concessions, helping lower the combined monthly payment on eligible accounts.
One payment through Money Fit
You make one monthly payment to Money Fit, which sends the scheduled amounts to participating creditors.
A defined payoff path
Many plans are designed to be completed within 60 months, depending on balances, budget, creditor terms, and consistent payments.
When credit counseling makes sense
Credit counseling can be a useful first step when debt is difficult to sort through and you want guidance before choosing a repayment strategy.
- Minimum payments are not reducing credit card balances in a meaningful way.
- Multiple bills and due dates are making the monthly budget harder to manage.
- Debt payments are competing with housing, food, transportation, or medical costs.
- Late notices, collections, or account-status questions are creating uncertainty.
- You are comparing credit counseling, consolidation, and other debt options.
- You want to know whether a debt management plan is realistic before deciding.
Debt stress is rarely just one number
People usually do not need a lecture about spending. They need help sorting the due dates, interest, minimum payments, income changes, emergencies, and family needs pressing on the same budget.
A steady review helps separate what can change now, what depends on creditors, and what may require a different path. The goal is to understand your options before making a commitment.
What to know before enrolling
Money Fit explains the proposed payment, fees, participating accounts, and alternatives before you decide whether to begin a debt management plan.
No pressure to enroll
Counseling can help even when a program is not the right fit. You decide whether to continue after reviewing the options.
Fees are explained first
Credit counseling is available at no cost. Any debt management plan fees are disclosed before enrollment.
Creditor terms vary
Participation, interest rates, fees, and account treatment depend on each creditor and account.
Credit impact varies
A debt management plan may affect credit based on account status, creditor reporting, payment history, and balance changes.
Start with a free credit counseling review
Share a few details so a Money Fit counselor can help you review your budget, debts, and possible next steps.
Frequently asked questions
What is nonprofit credit counseling?
Nonprofit credit counseling is a review of your income, expenses, debts, and goals with a credit counselor. The counselor helps you understand possible next steps, which may include budgeting changes, creditor options, self-guided repayment, or a debt management plan.
Is credit counseling free?
Yes. Money Fit provides credit counseling at no cost. If you choose to enroll in a debt management plan, enrollment and monthly fees may apply and are explained before you decide.
What debts can Money Fit review?
Money Fit can review credit cards, medical bills, unsecured personal loans, collection accounts, payday loans, and other debts. Debt management plan eligibility varies by account and creditor.
Can a debt management plan lower my interest rates or monthly payment?
Participating creditors may reduce interest rates or provide fee concessions on eligible accounts. These changes can lower the combined monthly debt payment, but available terms and results vary.
Can a debt management plan help me pay off debt faster?
A structured plan and reduced interest costs can help clients pay eligible balances in full sooner than making minimum payments alone. The actual timeline depends on balances, creditor terms, fees, and consistent payments.
Is a debt management plan a loan or debt settlement?
No. A debt management plan does not replace your debts with a new loan, and Money Fit does not ask you to stop paying creditors to negotiate reduced principal balances.
Will credit counseling or a debt management plan affect my credit?
Speaking with a counselor does not create a new loan or a hard inquiry from Money Fit. Enrolling in a debt management plan may affect credit based on account status, creditor reporting, payment history, account closures, and balance changes.
