Nonprofit Credit Counseling
Debt Consolidation in Arkansas
Money Fit offers Arkansas residents a nonprofit debt consolidation option through a debt management plan. You make one monthly payment for eligible unsecured debts, and Money Fit distributes it to participating creditors. Those creditors may reduce interest rates or waive certain fees.
A debt management plan repays your existing accounts. It is not a loan or debt settlement.
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Average monthly payment reduction over $250*
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 clearer payoff path
Combine eligible debts into one payment. Reduced interest can help you repay balances sooner than making minimum payments alone.
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A practical plan and ongoing support
Understand the proposed payment, where the money goes, and what happens next before you decide to enroll.
*Based on Money Fit client enrollment data, not an Arkansas-specific average. This measures a change in monthly debt payments, not debt forgiveness. Individual payment changes and results vary.
Debt Management Plans and Major Creditors
Money Fit works with many major credit card companies and unsecured creditors through nonprofit debt management plans. If your accounts are eligible and the creditors participate, a plan may organize several payments into one monthly amount and provide lower interest rates or certain fee concessions.
The creditors shown are examples, not a complete list or an endorsement. Participation, account eligibility, concessions, and available terms depend on the creditor and account.
How Money Fit helps consolidate your debt payments
Start with nonprofit credit counseling to review your household budget, balances, interest rates, and current payments.
With a debt management plan, you make one monthly payment to Money Fit for eligible unsecured debts. Money Fit distributes it to participating creditors according to the plan.
Arkansas residents can begin online or by phone. You do not need to live near one of the cities listed below or visit an office to request help.
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.
Choose the starting point that matches your situation
The right next step depends on your budget, eligible debts, account status, and whether you have enough monthly room to repay the balances without a formal plan.
I am not sure where to start
A nonprofit credit counseling review can help sort through the budget, eligible debts, and possible repayment paths.
See how nonprofit credit counseling worksI want to combine my debt payments
A debt management plan combines eligible unsecured debts into one monthly payment.
Learn how debt management plans workI can repay the balances on my own
Snowball and avalanche methods may work when the budget has enough room to pay more than the minimums consistently.
Explore debt repayment guidesWhat a nonprofit debt management plan may improve
A simpler monthly routine
Money Fit receives one monthly payment and disburses funds to participating creditors.
Potentially lower rates and fees
Depending on the creditor and account, a plan may reduce interest rates, certain fees, and the combined monthly payment.
A clearer repayment schedule
Many plans are designed to be completed within 60 months. Your schedule depends on the plan terms and payments.
How a nonprofit debt management plan works
Review the budget and debts
Income, essential expenses, balances, interest rates, minimum payments, due dates, and account status help determine what is realistic.
Review eligible accounts
Money Fit reviews which unsecured debts may be included and what participating creditors may offer.
Make one monthly payment
If you enroll, Money Fit receives one payment and disburses funds to participating creditors according to the plan.
Build repayment around your Arkansas household
Before choosing a monthly debt payment, account for housing, food, utilities, transportation, insurance, medical needs, and other essential costs. If credit cards have been covering those expenses, include that shortfall in the counseling conversation.
Apply for food, healthcare, and cash assistance
The Arkansas Department of Human Services directs residents to Access Arkansas for programs including SNAP, Transitional Employment Assistance, Medicaid, ARKids, and other public benefits. The statewide Access Arkansas help line is (855) 372-1084.
Find energy assistance in your county
Arkansas LIHEAP helps qualifying households with home heating and cooling costs. Applications are handled by the organization serving the county where you live. Use the Arkansas LIHEAP county directory to find your provider.
For additional options, use our Arkansas assistance directory.
These programs have their own eligibility rules and are separate from Money Fit's debt services.
What to know before enrolling
Fees are explained first
Enrollment and monthly fees may apply.
Creditor terms vary
Money Fit cannot guarantee creditor acceptance, interest reductions, fee concessions, a lower monthly payment, or a specific payoff date.
Included credit cards are closed
Credit cards included in a debt management plan are closed to new charges.
Credit impact varies
A debt management plan may affect credit based on account status, creditor reporting, payment history, account closures, and balance changes.
Debt consolidation information for Arkansas cities
Explore Money Fit debt consolidation information for Fayetteville, Fort Smith, Jonesboro, Little Rock, and Springdale. Residents of other Arkansas communities can also request counseling.
Start with a confidential debt review
Share a few details so Money Fit can help you compare nonprofit credit counseling, debt management, and self-guided repayment before you choose a path.
Arkansas debt consolidation questions
How does Money Fit help Arkansas residents consolidate debt?
Money Fit provides nonprofit credit counseling and debt management plans for Arkansas residents. A plan combines eligible unsecured debts into one monthly payment to Money Fit, which distributes funds to participating creditors. Participating creditors may reduce interest rates or waive certain fees. Eligibility and terms vary by creditor and account.
Do I need to live near one of the listed Arkansas cities?
No. Arkansas residents can contact Money Fit by phone or begin a request online, including residents outside Fayetteville, Fort Smith, Jonesboro, Little Rock, and Springdale.
How is a debt management plan different from a consolidation loan?
A consolidation loan replaces existing balances with new credit. A debt management plan works with existing eligible debts and does not create a new loan.
Do I need good credit for nonprofit debt consolidation?
Credit counseling does not require approval for a new loan or a hard credit inquiry from Money Fit.
What debts can be included in a debt management plan?
Plans generally focus on eligible unsecured debts such as credit cards, some unsecured personal loans, medical bills, collection accounts, and certain payday loan balances.
Will my credit cards be closed?
Credit cards included in a debt management plan are closed to new charges.
Can a debt management plan lower my monthly payment?
A debt management plan may lower the combined monthly payment when participating creditor terms and the household budget allow.
What fees should I expect?
Enrollment and monthly fees may apply. Money Fit explains applicable fees before enrollment.
Will a debt management plan affect my credit?
A debt management plan may affect credit based on account status, creditor reporting, payment history, account closures, and balance changes.
Does talking with Money Fit require enrollment?
No. Counseling is intended to help you understand your budget and possible next steps.
Arkansas agency information
Money Fit is the consumer-facing brand of Debt Reduction Services, Inc. The Arkansas state filing listed on our state licenses and registrations page is 800193418.
State entity contact: Arkansas Secretary of State, Business & Commercial Services
Victory Building
1401 W. Capitol Avenue, Suite 250
Little Rock, AR 72201
(888) 233-0325 or
(501) 682-3409
Visit Arkansas Business & Commercial Services
