Debt Consolidation in Brooklyn

Combine eligible debts into one structured monthly payment—with support from a nonprofit credit counselor serving Brooklyn 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 Brooklyn residents reduce debt through a nonprofit Debt Management Plan.

Debt Consolidation for Brooklyn Residents

From the brownstones of Park Slope to the vibrant streets of Williamsburg, Brooklyn 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.

Brooklyn brownstone rowhouses on a tree-lined street with stoops, corner stop signs, and a Clark St one-way sign.

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 September 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 Brooklyn

Brooklyn’s diverse economy, from creative industries to healthcare, faces pressures from soaring rents and uneven incomes. High APRs and compounding interest can trap balances. Consolidation offers structure and relief across neighborhoods like Bed-Stuy and Greenpoint.

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’s plan cut my interest rates and gave me a clear path. I’m finally seeing my debt shrink.” — Aisha, Brooklyn

“The counseling helped me understand my finances. My payments now actually reduce my balances.” — Jamal, Brooklyn

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

Lila’s journey to financial relief in Brooklyn

Lila, a freelance graphic designer in Williamsburg, struggled with credit card debt after a slow work period and unexpected medical expenses. High interest rates meant her payments barely touched the principal, and the stress of multiple bills was overwhelming her creative focus.

Through Money Fit’s credit counseling, Lila met with a certified counselor who helped her map out her finances. They created a Debt Management Plan, consolidating her credit cards and medical bills into one affordable payment. The counselor negotiated lower interest rates and fee waivers with her creditors.

With a structured plan and ongoing support, Lila’s balances began to drop. The clarity of the plan allowed her to focus on her career again, knowing she was on a steady path to becoming debt-free.

*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 Brooklyn and communities across New York City.