Debt Relief could lower your monthly payments by up to 50% or more!

Have Credit Card Debt, Collection Accounts, Payday Loans, or Medical Bills? Enter your information to receive a free debt repayment quote.

Get Started Now

Fill out this form to start your Credit Counseling and live Debt-Free!

Quote - Vertical

Debt Relief: How to make it work for you

The Money Fit debt relief program can help you become debt-free in 5 years or less.

Our program has already helped over half a million people pay off nearly 2 billion dollars in debt and our certified credit counselors are ready to help you.

We’re a national organization that operates in all locations in the United States. It’s our mission to help consumers not only get out of debt but stay out of debt for good.

Our Debt Relief programs may help:

  • moneyfit checkmark
    Lower your payments by up to 50% or more
  • moneyfit checkmark
    Put an end to collection efforts
  • moneyfit checkmark
    Drastically reduce interest rates
  • moneyfit checkmark
    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. Continue reading for more information about debt relief and how you may benefit from it.

debt relief
debt relief

What is Debt Relief?

Debt relief can be summarized as either the reorganization or complete forgiveness of either an individual, business, or country’s debt that is owed to outside creditors.

At times, the term debt relief has been used to almost exclusively detailing the debt woes of countries across the globe.

Today’s ‘debt relief’ encompasses so much more and has become personalized to individual needs rather than governmental. While it still connotes the reorganization or forgiveness of debt, it signifies the weight being lifted from an individual as they dig their way out of oppressive debt.

Debt Relief can help remove stress

Over the last several decades, the damage of debt upon an individual has been explored by many organizations, doctors, nonprofits, authors, and more. The common thread uncovered relates to how unhealthy owing great sums of money can be and the stress-related issues that can arise from it. Couple that with a severe lack of available financial education in schools across America and other countries and you have a recipe for disaster.

In America, where the culture is to earn, spend, consume, rinse and repeat, without prominent financial education, we are sending our youth into adulthood without the tools, knowledge, and resources needed to control their finances and grow them into lasting wealth.

When provided by an entity that has the individual’s best interest in mind, getting help with your finances can be very successful. When done right it can provide immediate help as well as mid to long-term benefits. To accomplish this, a quality program will look to ‘cure’ the issue from occurring again, not just the immediate symptom. Then, when any monetary relief is realized it will continue to provide resources to guard against recurrence.

This remedial or holistic approach has been well received and studies show that it works, but typically it works best when there is continued follow-up or access to resources aimed at taking future preventative measures.

How Money Fit provides Debt Relief

We’ve helped thousands upon thousands of consumers, perhaps like yourself, not only overcome their current debt-related issues but to equip them with the skillset and knowledge to prevent the event from happening again. While this may sound harsh, the reality is that once we’ve counseled an individual and aided them in fulfilling their debt obligations, we never want to see them again unless it’s to provide additional educational materials. It’s our charter, our vision, and what we stand for.

We have excellent working relationships with thousands of creditors, many of who want the same, for their customers to overcome their current challenges and to successfully manage their finances in the future, without the need for additional help.

debt relief
debt relief

Self Debt Relief

These services, whether received through a nonprofit organization such as Money Fit by DRS, or even through the act of filing bankruptcy (which should be avoided at all costs to maintain credit standing) should be used as a last resort.

If an individual recognizes there are growing financial concerns, or sees no path to getting ahead without help, they should seek help. However, people that self-identify the potential issue before it becomes a full-blown problem should consider providing their own relief of sorts.

This typically starts by controlling spending habits and developing attainable goals. Money Fit, through the Money Fit Academy, provides a trove of free financial education resources for everyone to use.

These resources are available regardless of the stage they may be in when it comes to their finances. In fact, we aim to circumvent the problem before it starts by providing many hours of classroom education presentations, beginning at grade school levels.

We strive to continue to develop and enhance our presentations and source materials so that we stay on top of the rapidly changing learning environment.

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?
  • 3

    Do you divert money to pay for bills that were intended for other things?
  • 4

    Are you carrying high balances on your credit cards? Are they near or at their limits?
  • 5

    Do you have to use your savings to pay bills?
  • 6

    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?
  • 9

    Are you currently, or have you considered, working a second job to get by?
  • 10

    Do you feel stressed or worried when thinking about money?

National Debt Relief Program available in the following states:

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.