Debt Consolidation in Yonkers

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

Debt Consolidation for Yonkers Residents

From the historic downtown to the scenic hills of Hudson River views, Yonkers residents face high commuting 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.

Yonkers waterfront along the Hudson River with the historic downtown and dramatic Palisades cliffs in the background.

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 Yonkers

Yonkers’ mix of urban and suburban life brings commuting tolls, high property taxes, and family expenses. High APRs and compounding interest can slow progress. Consolidation provides structure and relief across neighborhoods like Getty Square and Crestwood.

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 got my rates lowered fast—now I can actually save for my kids’ future.” — Carla, Yonkers

“The plan fit my two-job schedule perfectly. Debt no longer controls my life.” — Javier, Yonkers

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

Patricia and Ramon’s comeback in Yonkers

Patricia, a hospital aide, and her husband Ramon, a city bus driver, lived in the Dunwoodie section of Yonkers. After Ramon’s injury left him on reduced pay and Patricia took extra shifts, credit cards covered groceries, car repairs, and their daughter’s college application fees. Interest rates climbed, making every paycheck disappear before bills were paid.

A neighbor told them about Money Fit. During the first call, their counselor understood the toll of shift work and commuting and created a Debt Management Plan that matched their pay cycles. Creditors cut rates sharply and removed late fees, turning a mountain of bills into one manageable amount.

As balances dropped, Patricia and Ramon celebrated their daughter’s college acceptance without fear. The program’s support helped them rebuild savings, and they now volunteer at local financial workshops to help others.

*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 Yonkers and communities across Westchester County.