Nonprofit Debt Help and Repayment Options
Debt Relief Options
Review your budget, unsecured debts, and repayment options with a certified Money Fit counselor at no cost. If a debt management plan fits, it may lower monthly debt payments, simplify eligible accounts, and create a more manageable path forward.
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Save more than $250 per month on average*
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 faster payoff path
Combine eligible debts into one payment and work toward paying balances in full sooner than making minimum payments alone.
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A practical plan and greater peace of mind
Know what you will pay, where the money goes, and what happens next, with support available along the way.
*Based on Money Fit client enrollment data. Individual payment changes and results vary.
Debt Management Plans and Major Creditors
A debt relief review may show that a debt management plan fits your budget. Money Fit works with many major credit card issuers and unsecured creditors to organize eligible debts into one monthly payment and send payments to participating creditors.
The logos shown are examples, not a complete list or an endorsement. Participation and available terms depend on the creditor and account.
What debt relief means at Money Fit
Debt relief is a broad term for ways to make debt more manageable. At Money Fit, the process starts with nonprofit credit counseling that reviews your income, expenses, debts, and goals before a repayment option is recommended.
One option may be a nonprofit debt management plan for eligible unsecured debts. A plan is not a new loan or debt settlement, and it is recommended only when the payment fits your budget and provides a workable path forward.
An independent way to 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. Both organizations maintain public member listings, giving consumers another place to confirm the credit counseling agency behind Money Fit.
Choose the starting point that matches your situation
The right debt relief path depends on whether the household can still repay the full balances, which debts are involved, and how much room remains in the monthly budget.
I am not sure where to start
A nonprofit credit counseling review can help sort through the budget, debts, account status, and possible repayment paths before any program is discussed.
See how nonprofit credit counseling worksI want one payment without borrowing more
A debt management plan may organize eligible unsecured debts into one monthly payment and may provide interest or fee concessions when creditors participate.
Learn how debt management plans workI am behind or facing collections
Organizing account status, collection notices, income, and essential expenses can help identify questions to ask and the next responsible step.
Review collection debt helpCommon debt relief options and tradeoffs
Similar language can describe very different products and services. The mechanism matters because it changes the payment structure, cost, risk, and possible consequences.
Self-guided repayment
A snowball or avalanche plan can work when the budget has enough room to pay more than minimums without adding new debt.
Creditor hardship support
Some creditors may offer temporary payment changes, reduced rates, or limited fee relief. Approval and terms vary.
Consolidation loan
A new loan replaces existing balances with a new obligation. Approval, rate, fees, term, and total cost depend on the lender.
Nonprofit debt management plan
Eligible unsecured debts may be organized into one monthly payment without a new loan. Creditor participation and concessions can vary.
Debt settlement
Settlement companies seek to negotiate balances for less than owed, often after payments stop. This can involve fees, collection pressure, lawsuits, credit damage, and possible tax consequences.
Bankruptcy
Bankruptcy is a legal process that may help when repayment is no longer realistic. Questions about filing should go to a qualified attorney or legal aid organization.
How a nonprofit debt relief review works
Money Fit starts with the full financial picture before discussing whether a program may fit. A debt management plan is one possible outcome of counseling, not a requirement.
Review the budget
Income, housing, food, transportation, insurance, medical costs, family needs, and irregular expenses affect what payment is sustainable.
Review debts and accounts
Balances, rates, minimum payments, due dates, account status, collections, and creditor details help show which options may fit.
Compare the next steps
Your counselor explains possible payments, fees, creditor participation, account treatment, and responsibilities before you decide.
Debt relief should improve the math without hiding the tradeoffs
Money Fit often sees consumers drawn to the phrase “debt relief” before they know whether the offer is a loan, a repayment plan, a settlement strategy, or legal relief through bankruptcy. Those paths are not interchangeable.
A responsible review explains what the option does, what it costs, what can vary, and whether the payment fits the life the household actually has.
What to know before choosing a program
Money Fit explains the proposed payment, fees, participating accounts, and alternatives before you decide whether to begin a debt management plan.
No pressure to enroll
Counseling can help even when a program is not the right fit. You decide whether to continue after reviewing the options.
Fees are explained first
Credit counseling is available at no cost. Any debt management plan enrollment or monthly fees are disclosed before enrollment.
Debt management plans repay eligible balances
A debt management plan does not seek to settle principal for less than owed. Credit card accounts included in a plan are closed to new charges.
Creditor terms and credit effects vary
Participation, concessions, account treatment, credit reporting, and payoff timing depend on each creditor, account, and payment history.
Find debt relief information for your state
Select your state or the District of Columbia for location-specific Money Fit debt relief information. Money Fit does not imply a local office in each state, and available services, fees, and program requirements may vary.
Start with a free debt review
Share a few details so a Money Fit counselor can help you review your budget, debts, and possible next steps before you choose a path.
Frequently asked questions
What does debt relief mean?
Debt relief is a broad term that may refer to nonprofit credit counseling, debt management plans, consolidation loans, creditor hardship programs, debt settlement, or bankruptcy. The cost, risk, and payment structure differ by option.
Is nonprofit debt relief the same as debt settlement?
No. Money Fit does not ask consumers to stop paying creditors as a negotiation tactic and does not promise reduced principal balances. A nonprofit debt management plan focuses on structured repayment of eligible unsecured debts.
What debts can Money Fit review?
Money Fit can review many unsecured debts, including credit cards, medical bills, unsecured personal loans, collections, and payday loan balances. Eligibility depends on debt type, account status, creditor participation, state rules, program rules, and budget fit.
Can a debt management plan lower interest rates or fees?
When a debt management plan fits and creditors participate, eligible accounts may receive reduced interest rates or certain fee concessions. These terms are not guaranteed and vary by creditor and account.
Can a debt management plan lower my monthly payment?
Some consumers may receive a more manageable combined payment depending on eligible accounts, creditor terms, fees, and the household budget. Money Fit does not promise a specific payment amount or guarantee a reduction.
How long does a debt management plan take?
Many debt management plans are designed to be completed within 60 months. The actual timeline depends on balances, creditor terms, fees, and consistent payments.
Will debt relief affect my credit?
Credit effects depend on the option. A counseling conversation with Money Fit does not create a hard credit inquiry from Money Fit. A debt management plan, consolidation loan, settlement, missed payments, or bankruptcy may affect credit differently.
Are secured debts included in a debt management plan?
Debt management plans generally focus on eligible unsecured debts. Mortgages and auto loans are secured debts and are typically handled outside the plan, though they remain part of the household budget review.
Does talking with Money Fit require enrollment?
No. Counseling is intended to help consumers understand their budget and possible next steps. If a program is discussed, Money Fit explains the details before the consumer decides whether to enroll.
What does credit counseling cost?
Money Fit provides credit counseling at no cost. If you choose to enroll in a debt management plan, enrollment and monthly fees may apply and are explained before you decide. Money Fit may receive fair share contributions from some creditors.
Does Money Fit sell my information to debt companies?
No. Your information stays with Money Fit. Money Fit does not sell your information or send it to a marketplace of debt companies. Money Fit uses the information you share to respond to your request and review possible next steps.
