Nonprofit Credit Counseling
Debt Consolidation in Lafayette, Indiana
Money Fit offers Lafayette 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. Debt Reduction Services, Inc. does not lend money.
-
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.
-
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.
-
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 a Lafayette-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. A counselor helps you compare your options and determine whether a debt management plan fits.
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. Lower interest or certain fee concessions may reduce the cost of repayment, depending on the creditor and account. You remain responsible for repaying the included balances.
Lafayette residents can begin online or by phone. You can work with a counselor without visiting an office, and requesting a review does not require enrollment.
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. Their public listings provide another way to identify the credit counseling agency behind Money Fit.
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 before any program is discussed.
See how nonprofit credit counseling worksI want to combine my debt payments
A debt management plan combines eligible unsecured debts into one monthly payment. Participating creditors may offer reduced interest or certain fee concessions.
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
The value of a debt management plan is not limited to having one payment. When the plan fits the household budget and creditors participate, it may also reduce the cost and day-to-day strain of repayment.
A simpler monthly routine
Money Fit receives one monthly payment and disburses funds to participating creditors. You continue paying bills and debts outside the plan separately.
Potentially lower rates and fees
Depending on the creditor and account, a plan may reduce interest rates, stop certain late or over-limit fees, and lower the combined monthly debt payment.
A clearer repayment schedule
Many plans are designed to be completed within 60 months. Reduced interest or fees can allow more of each payment to go toward reducing balances. Your schedule depends on the plan terms and payments.
How a nonprofit debt management plan works
Money Fit reviews the full financial picture before discussing whether a plan may fit. A debt management plan is one possible outcome of counseling, not a requirement.
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. You review the proposed payment, applicable fees, and account terms before deciding.
Make one monthly payment
If you enroll, Money Fit receives one payment and disburses funds to participating creditors according to the plan. You remain responsible for making the agreed payments.
Build repayment around your Lafayette household
A workable debt payment needs to leave room for housing, food, utilities, transportation, insurance, medical needs, child care, heating costs, and other essential expenses. If credit cards have been covering those costs, include that shortfall during counseling so a repayment plan does not depend on continuing to borrow.
Check energy assistance through Area IV Agency
Area IV Agency's Energy Assistance Program helps eligible Tippecanoe County households with winter heating and electricity costs through a one-time benefit paid to utility providers. The 2026-2027 application season runs from October 1, 2026 through April 30, 2027. Use the agency's application instructions or pick up a paper application at its Lafayette office, 660 N. 36th Street. Call (765) 447-7683, select option 1, or email [email protected] for help with requirements and submission options. Benefit amounts depend on application details, and eligibility and funding limits apply.
Ask Lafayette Housing Authority about rental assistance
The Lafayette Housing Authority administers federal housing assistance for eligible households in Lafayette, West Lafayette, and the five-mile area surrounding the cities. Its Housing Choice Voucher program helps eligible households rent from participating private property owners. Use the online application link on the city's housing authority page, or call (765) 771-1300 to confirm current application periods, waiting-list availability, and required documents. You can also email [email protected]. The office is at 2601 Greenbush Street in Lafayette. Assistance depends on eligibility and program availability; submitting an application does not guarantee immediate housing.
For additional options, use our Indiana assistance directory.
These programs have their own eligibility rules, application periods, funding limits, and service areas. They are separate from Money Fit's debt services. Money Fit does not provide cash, housing, food, utility, or government benefits.
What to know before enrolling
Money Fit explains the proposed payment, applicable fees, participating accounts, account treatment, and alternatives before you decide whether to begin.
Fees are explained first
Enrollment and monthly fees may apply. Money Fit explains any applicable fees before you decide whether to enroll.
Creditor terms vary
Money Fit cannot guarantee creditor acceptance, interest reductions, fee concessions, a lower monthly payment, or a specific payoff date.
Account treatment varies
Many participating creditors require enrolled credit card accounts to be closed or restricted to new charges. Treatment depends on the creditor, account status, and program terms.
Credit impact varies
A debt management plan may affect credit based on account status, creditor reporting, payment history, account closures, and balance changes.
Explore debt consolidation across Indiana
Start with our Indiana page for statewide information, or explore Money Fit's other Indiana city pages. Counseling is available by phone and online. These locations do not represent local Money Fit offices.
For other states, browse the national debt consolidation directory.
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. Requesting help does not require enrollment.
Lafayette debt consolidation questions
How does Money Fit help Lafayette residents consolidate debt?
Money Fit provides nonprofit credit counseling and debt management plans for Lafayette 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 visit a Money Fit office in Lafayette?
No. Money Fit serves Lafayette residents by phone and online. You can request a counseling review without visiting an office. Money Fit does not maintain a local Lafayette office; this page describes services available to Lafayette residents.
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. Debt Reduction Services, Inc. does not lend money. Participating creditors may provide interest or fee concessions. A debt management plan is not debt settlement, and you remain responsible for repaying the included debts.
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. Whether a debt management plan fits depends on the debts, account status, creditor participation, program rules, and household budget.
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. Eligibility varies by debt type, account, creditor participation, state rules, and program rules.
Will my credit cards be closed?
Many participating creditors require enrolled credit card accounts to be closed or restricted to new charges. Treatment depends on the creditor, account status, and program terms.
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. The result depends on balances, rates, creditor concessions, and account details, so Money Fit does not guarantee a lower payment.
What fees should I expect?
Enrollment and monthly fees may apply. Money Fit explains any applicable fees, the proposed payment, and the participating accounts before you decide whether to enroll. A counseling conversation does not require you to join a plan.
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. Results vary by consumer and account.
Does talking with Money Fit require enrollment?
No. Counseling is intended to help you understand your budget and possible next steps. If a program is discussed, Money Fit explains the details before you decide whether to enroll.
Indiana licensing information
Money Fit is the consumer-facing brand of Debt Reduction Services, Inc., which holds active Indiana debt management license 10736. The license was issued March 3, 2009. For additional information, visit our state licenses and registrations page or contact the Indiana Department of Financial Institutions under the legal name Debt Reduction Services, Inc.
Regulator: Indiana Department of Financial Institutions
30 South Meridian Street, Suite 200
Indianapolis, IN 46204
(800) 382-4880 or (317) 232-3955
Indiana debt management licensing information
Search NMLS Consumer Access
The Indiana Department of Financial Institutions oversees debt management company licensing. Indiana's debt management company requirements are addressed in Indiana Code 28-1-29.
Indiana disclosure: Debt Reduction Services, Inc. does not lend money. The regulator address above is not a Money Fit office in Lafayette. For counseling, call Money Fit at (800) 432-0310.
