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Here are Just a Few of the Major Credit Card Companies Money Fit Works With for Consolidating Debt:

The Money Fit debt management program isn’t a new loan substituting your existing debts. We’re your ally, actively negotiating with your credit card companies to alleviate your financial burden.

Debt Relief: How it can work for you

With Money Fit’s debt relief program, you could be debt-free in five years or less. Our program has already helped over half a million people pay off almost $2 billion in debt, and our certified credit counselors are here to help you too.

As a national organization, we operate in all locations throughout the United States. Our mission is to not only help you get out of debt but also to help you stay out of debt for good.

If you’re feeling overwhelmed by debt, we’re here to help. Contact us today to learn more about our debt relief program and how it works.

Our Debt Relief programs can help you:

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    Lower your payments by up to 50% or more
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    Put an end to collection efforts
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    Drastically reduce interest rates
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    Stop late and over-limit fees

You can enter your information to be contacted by one of our highly skilled counselors, or call us for quicker assistance. Our team is dedicated to helping you achieve financial freedom and peace of mind.

debt relief
debt relief

What is Debt Relief?

Debt relief involves reorganizing or forgiving debt owed to outside creditors, whether it’s for an individual, business, or country. Our debt relief program is personalized for individual needs and offers a pathway for those struggling with debt to regain control of their finances.

If you’re feeling overwhelmed by debt, debt relief may be able to help. Contact Money Fit today to learn more about our debt relief services and how they can benefit you. Our team is here to provide guidance and support every step of the way.

Debt Relief: The Benefits of Stress-Free Finances

Debt can be a significant source of stress and anxiety, especially if you’re struggling to make ends meet or facing mounting bills. At Money Fit, we understand the emotional toll that debt can take on individuals and families.

Our debt relief programs are designed to help you regain control of your finances and reduce stress. We work with your creditors to create a personalized debt management plan that’s tailored to your unique financial situation. This can include negotiating with creditors to lower your interest rates, reducing your monthly payments, and putting an end to collection efforts.

Our goal is to not only help you get out of debt but also to provide ongoing support and resources to help you stay debt-free. With our debt relief programs, you can achieve the financial freedom and peace of mind you deserve.

If you’re feeling overwhelmed by debt and looking for a way out, contact Money Fit today. Our experienced counselors are here to help you every step of the way.

How Money Fit Can Help You Achieve Debt Relief

At Money Fit, we’ve helped thousands of consumers overcome debt-related issues and gain the skills and knowledge to prevent similar problems from arising in the future. Our experienced counselors work with you to create a personalized debt management plan that can reduce interest rates, lower monthly payments, and end collection efforts.

Our goal is to help you achieve financial freedom and stay debt-free. We have strong working relationships with thousands of creditors who share our commitment to helping consumers successfully manage their finances in the future. Our debt relief programs also offer ongoing support and educational resources to help you maintain your financial health and achieve long-term success.

debt relief
debt relief

Self-Debt Relief: Taking Control of Your Finances

If you’re facing financial challenges, seeking help from a reputable organization like Money Fit by DRS can be a good option. However, it’s important to remember that debt relief services should be used as a last resort, and that there are steps you can take to provide your own relief before it becomes a full-blown problem.

One of the best things you can do is to take control of your spending habits and set attainable financial goals. Money Fit’s free financial education resources, available through the Money Fit Academy, can help you achieve this. Our resources are available to everyone, regardless of their financial situation or experience level, and we’re committed to providing ongoing education starting at grade school levels.

By taking advantage of these resources and developing healthy financial habits, you can take control of your finances and achieve lasting financial health. At Money Fit, we’re constantly updating our resources and staying on top of the rapidly changing learning environment to ensure that we provide the best possible support for individuals looking to take control of their finances.

Contact us today to learn more about how our free financial education resources can help you achieve self-debt relief and long-term financial success.

Signs that you need Debt Relief

Answering the following yes or no questions can help you determine if you have are currently facing a problem with debt.

Answering yes to any of these questions could indicate that you need to address your financial challenges.

How you proceed in dealing with your debt problems typically comes down to how severe your circumstances are.

You may find that a do-it-yourself debt management program can help you avoid deepening the financial problem. Often, an individual recognizes the warning signs of impending financial issues and is able to circumvent them by creating their own get out of debt plan. These plans typically include following a budget and determining how to apply any leftover funds in order to expedite the repayment process.

You can also speak to a professional, such as a nonprofit credit counselor. These individuals are certified and trained to assist individuals in determining where their money is going and how to distribute those dollars more efficiently. They also have structured debt management programs available that are designed to repay your unsecured debt in a fraction of the time it would take to repay your debt by just making the minimum monthly payments.


  • 1

    Do you use a large or increasing portion of your monthly income to pay your debt? Ideally, you want to have no more than 20% of your monthly income applied towards debt.
  • 2

    Are you only able to make the minimum monthly payments towards your credit card or loan payments each month?
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    Do you divert money to pay for bills that were intended for other things?
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    Are you carrying high balances on your credit cards? Are they near or at their limits?
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    Do you have to use your savings to pay bills?
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    Have you been contacted by a debt collector or credit card company regarding delinquent accounts?
  • 7

    If you have an unexpected need like a doctor or dentist visit, would you have to put it off?
  • 8

    If you or your partner were to unexpectedly lose your income would you find yourself in financial trouble right away?
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    Are you currently, or have you considered, working a second job to get by?
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    Do you feel stressed or worried when thinking about money?

National Debt Relief Program: Available Across the US

Frequently asked questions:

The following questions are the most common questions we are asked about regarding Personal Debt Relief.

These programs work best when the type of program matches the debtor’s needs and financial situation. For individuals and households that have a regular income but are struggling to meet their monthly debt payments due to high-interest rates or overwhelming balances, programs through nonprofit credit counseling agencies have been shown to be highly effective at lowering monthly payments by negotiating with current creditors to reduce interest rates, leading to debt freedom in five years or less.

Debt relief programs are particularly effective in households that are recovering from a period of unemployment during which they survived on credit cards.

Households that have undergone a period of financially crushing medical challenges can also do quite well once the income-earner is fully employed and the medical bills are no longer multiplying. Debt relief programs can even work well for individuals and households with debts placed at collection agencies. Debt relief programs work out repayment plans with the collection agencies so that the collection account is not due in full immediately but rather paid off over one or more years.

Debt relief programs will not likely match well with the situation of individuals and households having no reliable income since participants in a debt relief program will be required to make regular monthly payments.

There is no set standard for qualifying with Money Fit due to the credit counseling services provided is available, at no cost, to any individual seeking to improve their financial situation.

After the consultation, if you and your counselor decide to proceed with a debt management plan, the qualifications for our organization to be of assistance is that there are the following items in place:

  1. There is an established hardship or need for the service.

  2. The debt added to the repayment program must be unsecured.

  3. You must show the ability to make one consolidated monthly payment.

  4. There is a maximum amount of debt, however, generally, we advise and show consumers how to repay the debt on their own if that amount is under $1,000.

Debt management programs, that have the consumers best interest in mind, will begin with a free credit counseling session, to determine the specific needs of the individual seeking help. They’ll first address remedial issues such as building a workable household budget, providing free financial resources or guidance, then after a thorough review, decide what the best course of action to take.

If the program, also referred to as a debt management plan, is found to be a workable solution, the following steps are to explain how the plan works:

  • Debt accrued, such as credit card, medical, collection, or other unsecured debts are consolidated into one, typically smaller, monthly payment and sent to creditors once they accept a proposal.

  • The account, if it’s open and is a revolving line of credit, will be closed to further charging and to be paid off in an expedited manner.

  • Once an account is paid in full, the overall monthly payment remains the same, and the additional funds are distributed to the next account (typically either the next lowest balanced account or the next highest interest rate affected account) in order to pay the total debt down as quickly as possible.

Consumer programs that are designed to help an individual overcome their debt are typically offered by nonprofit credit counseling organizations. When enrolled in a debt management plan, the initial response shown on your credit report may be adverse due to the requirement of the accounts being closed. Typically, as the accounts are paid on time and in full, credit scores increase and improve as balances are reduced.

The best approach to achieving a debt-free life will usually lead the consumer through the following options:

  1. Try to pay on your own, including negotiating with your creditors and the use of consolidation loans/balance transfers

  2. Work with a nonprofit consumer credit counseling agency

  3. Consider if debt settlement might be helpful, particularly with collection accounts

  4. Speak with a bankruptcy attorney

Repaying your debt on your own is the best first step because you minimize the fees you pay to others. If you cannot negotiate lower interest rates and repayment terms with your creditors, a credit counselor should be your next stop. What support is there for this recommendation?

For individuals and households with a steady income who are dealing with or have already tried to work directly with their creditors but to no avail, nonprofit programs offer the best possibility for success in repaying 100% of their debts over the short term (within 5 years or less).

Debt relief is a great option for relieving the major stress of indebtedness. These programs help consumers to effectively and efficiently pay down 100% of their debt within 5 years or less. To ask whether it is a good idea is to ask simultaneously the opposite question: is it a good idea to keep your debt and not seek relief? The obvious answer to both is debt relief is always a good idea, whether you achieve it on your own or with the help of a third party. Paying down consumer debts means less of your income goes to paying interest and more goes toward your top priorities.

Seeking third-party assistance is a good idea when your current monthly minimum payments are unsustainable. This typically occurs when your interest rates are in the 20% range or higher, you have gone through a period of overspending, or you have been hit with medical debts or other overwhelming expenses. These programs can help lower your interest rates into the low- to mid-single-digit range, leading to lower and more manageable monthly payments while also having you out of debt in five years or less.

Third-party assistance may not be a good idea when you have more than sufficient income to pay your minimum payments, regardless of interest rates. Creditors are less likely to provide interest rate concessions if your budget appears to allow for making far more than just your minimum payments. Most private or nonprofit programs can help with credit cards, collection accounts, medical debts, old utility and cell phone bills, store cards, and other unsecured accounts.

Both terms can carry multiple means, depending upon whom you are asking. For this response, a debt relief program is offered through a nonprofit credit counseling agency (CCA). The CCA works with the consumer’s current creditors to lower account interest rates, effectively lowering the required monthly payment while accelerating the debt freedom timeline.

Quite often, such debt relief programs are referred to as debt consolidation programs because the CCA requires just one monthly, consolidated payment rather than a different payment for each of the accounts managed in the debt relief program.

Some consumers hear the term Debt Relief and think of a debt settlement or debt negotiation program that attempts to lower the amount of debt owed to the creditors. This type of debt negotiation leads to significant, negative effects on the consumer’s credit rating and should simply be called debt settlement or debt negotiations to differentiate it from debt management, credit counseling, or debt relief.

As for debt consolidation, many consumers imagine it involves a single, new loan that pays off all other debts and then requires a single monthly payment to the new lender. To be clear, this should be referred to not just as debt consolidation but as a debt consolidation loan.

The FICO credit scoring model has not included participation in a credit counseling program as a direct factor for more than two decades. That said, here are four possible indirect effects a repayment program might have on your credit:

First, a repayment program works with creditors to make your monthly payments more manageable, even if you have missed or been late on a payment or two recently or have gone over your credit limit. After just one to three months, most credit card and store card creditors agree to begin reporting your monthly payments being made on time rather than late. Such positive changes in your account status can only help to improve the single most significant portion of the FICO scoring model: your history of on-time payments.

Next, the rare creditor may place a notation on your credit report that you are participating in a repayment program. This notation has absolutely no effect on your credit score. What it does, though, is to notify potential creditors who are looking at your credit report that you are in the process of paying off your previous debts and that you ought to complete that program before getting into further debt. Depending upon whom you ask, this can be a positive or negative effect. For credit counseling professionals and most of their clients, this is a positive action, since it minimizes the likelihood of the client getting into debt impulsively while in the program. Only for consumers trying to take out additional debt is this notation a nuisance. However, many creditors, such as mortgage companies and auto lenders may disregard this notation if they receive documentation that the consumer has made on-time payments to the program for the past twelve months or more.

Third, accounts placed on a program are closed to further activity. Closing an account may have no effect or a small, initial negative effect on the consumer’s credit rating, depending upon the account’s status prior to being placed on the program. For accounts that were already maxed out, an account closure may not influence the consumer’s credit rating at all. Otherwise, it may have an initial effect on the second factor in the FICO credit scoring model: balance-to-credit limit ratio.

Finally, throughout the program, as the consumer pays down his or her debt balances, any negative impact of closed accounts can be outweighed by the positive effect of lower balances. By the time they are debt-free with several years of on-time payments in their recent credit history, many clients may have credit scores in the top 10% of all consumers.

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