Payday Loan Consolidation

We can consolidate your Payday Loans, Credit Cards, and other forms of debt into one lower monthly payment without further lending. No Credit Check Required.

We recommend for your best success on this program, you include all eligible debts including Credit Cards as we’re a one stop debt management provider and it will simplify your bill-paying process.

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Fill out this form to consolidate your payday loans!

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We recommend for your best success on this program, you include all eligible debts including Credit Cards as we’re a one stop debt management provider and it will simplify your bill-paying process.

Here are Just a Few of the Major Payday Lenders Money Fit Works With to Consolidate Loans:

Money Fit isn’t a new loan to replace your existing debts. We’re here as your ally, effectively negotiating with your payday loan creditors to lighten your financial strain.

Payday Loan Relief that works!

Money Fit is a national, award-winning nonprofit consumer credit counseling and debt relief service that has helped hundreds of thousands of individuals become debt-free for the last 25 years. We have built relationships with some of the nation’s largest payday lenders to help you obtain financial relief. Our payday loan consolidation program has helped thousands of individuals pay off their loans and get back on track with their finances.

Payday Loan help from an Award-winning nonprofit

You can break the cycle of payday loan borrowing, and we can help. If you’re one of the thousands of consumers that are stuck in the payday loan borrowing cycle, chances are you have multiple payday loans you’re contending with. Our Payday Loan Consolidation services are focused on one thing, getting you out of debt in the quickest and most pain-free manner possible.

payday loan consolidation

How Payday Loan Consolidation works

First, we start with a free consultation and review your situation. We’ll learn about who you owe, how much, and what your overall financial picture is like. We’ll discuss what options we have for assisting you in repaying your payday loans and talk about how relying on payday loans can be avoided so that you truly break the expensive and stressful cycle of payday loan debt.

Debt Consolidation for Payday Loans

Once we determine that we can work with your payday loan lenders, and you enroll in our repayment program, we’ll contact them and workout debt consolidation arrangements. You’ll then make one, more affordable, monthly payment through Money Fit, until your loans are paid in full.

How to get help with your Payday Loans

One issue consumers face when trapped in payday loans is that they may feel embarrassed or shame for their finances spiraling out of control. We want you to know that our highly skilled and trained counselors are here to prevent this situation from occurring again. We believe it takes strength and courage to face such challenges head-on. Rest assured our staff will be there to encourage you every step of the way.

payday loan consolidation

Debt Relief Services:

Get Professional Help For Your Payday Loans. 

You’re not alone

We understand how isolated payday loans can make an individual feel. It’s often a financial source of desperation, that comes with extremely high fees for short-term loans. According to, over 12 million Americans use payday loans each year and they end up paying over $9 billion dollars back in fees. That’s an average of $750 per person. With millions of consumers borrowing payday or other short-term loans, you’re hardly alone.

The borrowing ends here

Money Fit doesn’t lend money. We consolidate consumer debt, in this case, payday loans, into one monthly payment that we negotiate with the original lenders. This means that you’ve effectively put a stop to receiving one loan, to pay another one, and perhaps another one. You won’t have to worry about needing another loan to cover what you’ve consolidated with us because you’re done, your dependency on covering one loan with a second loan is over. 

Notice to Florida Residents

Florida Residents with Payday Loans may qualify for receiving a 60 day deferment on their payday loan payments. The State of Florida has protections in place, called the Payday Advance Law, that assist payday loan borrowers by creating space between when payments are due to the lender in order to provide the borrower financial relief and time to review their options. Money Fit is authorized in the State of Florida to assist in the deferment and repayment process.

Call 1-800-432-0310 or visit
Florida Payday Loan Deferment for more information.

Free and Confidential Payday Loan Consolidation Services

We look forward to helping you overcome your current financial situation. Our mission, from day one, has been to provide peace of mind and encouragement in a meaningful manner to any individual dealing with debt-related problems. We’re good at what we do because we care. 

Call (800) 432-0310 or enter your information on our site so that you can receive your free consultation.

We also invite you to review our free financial resources at the Money Fit Academy. These tools can teach you how to prevent debt-related issues and improve all aspects of your finances. 

Disclosure: This is not a loan offer as Money Fit by DRS does not lend money. We are a nonprofit 501 (c)(3) organization. Not all payday lenders work with nonprofit Credit Counseling Organizations and accept restructured payment terms. Your Credit Counselor will advise you of your options. 

payday loan consolidation

Money Fit Assist Consumers with Payday Loan & Other Various Unsecured Loan Products Throughout the Entire United States

This includes unsecured short-term loans, online loans, credit builder loans, and other non-traditional types of loan products. Payday loans have evolved over time into various loan products. Call to determine if your loan qualifies for consolidation through our program. 

Payday Loan Consolidation available in the following states:

Frequently asked questions:

The following questions are the most common questions we are asked about regarding Payday Loan Consolidation.

Many payday loan consolidation companies successfully help thousands of consumers a year to pay off their loans with lower monthly payments. Payday loan consolidation companies help borrowers who feel stuck in an unending payday loan debt trap. 

While some payday loan consolidation companies may try to settle your debt or offer you yet another loan, the most effective and credit-friendly method, like the one used by Money Fit, involves the consolidation company working with your payday lenders to set up a reasonable and affordable consolidation repayment plan. 

The pros of using a payday loan consolidation program include escaping the payday loan debt cycle, having a single monthly payment going forward, and saying goodbye to the high interest and fees associated with payday loans. 

One con to using a payday loan consolidation program involves having to differentiate between payday loan consolidation companies to understand whether they offer a payday consolidation loan, payday loan settlement services, or a payday loan consolidation repayment plan. 

The average payday loan borrower pays back nearly 140% of their original loan debt in fees. The faster you can repay your debt directly to the lender, the less you will pay in fees.

If you don’t have the extra income to accelerate your payday loan repayment on your own, you might consider working with a payday loan consolidation company like Money Fit to lower your monthly payments and loan fees. 

Most payday lenders and finance companies, including many of the largest in the country like Bright Lending, CashNetUSA, and Spotloan, work with nonprofit credit counseling agencies like Money Fit to place their loans on a debt Management Plan (DMP). 

Through a DMP, the lender typically agrees to lower or eliminate their interest rate on the loan while allowing the borrower to repay the loan over a 12-month to five-year period. Lower interest rates and flexible repayment terms mean the borrower is in a better position to afford to repay the loan.

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Client Credit Report Authorization

You hereby authorize and instruct Debt Reduction Services, Inc. (DRS, dba Money Fit by DRS) and/or its assigned agents to:
  • Obtain and review your credit report, and
  • Request verifications of your income and rental history, and any other information deemed necessary for improving your housing situation (for example, verifying your annual property tax obligations and homeowner’s insurance fees)
Your credit report will be obtained from a credit reporting agency chosen by DRS. You understand and agree that DRS intends to use the credit report evaluate your financial readiness to purchase or rent a home and/or to engage in post-purchase counseling activities and not to grant credit. You understand you may ask any questions pertaining to your credit report. However, while DRS will review the information with you, the company is not able to furnish you with a copy of your credit profile. You hereby authorize DRS to share your information from your credit report and any information that you provided (including any computations and assessments produced) with the entities listed below to help DRS determine your viable financial options.
  • Banks
  • Counseling Agencies
  • Debt Collectors
  • Landlords
  • Lenders
  • Mortgage Servicers
  • Property Management Companies
  • Public Housing Authorities
  • Social Service Agencies
Entities such as mortgage lenders and/or counseling agencies may contact your DRS counselor to evaluate the options for which you may be eligible. In connection with such evaluation, you authorize the credit reporting and/or financial agencies to release information and cooperate with your DRS counselor. No information will be discussed about you with entities not directly involved in your efforts to improve your housing situation. You hereby authorize the release of your information to program monitoring organizations of DRS, including but not limited to, Federal, State, and nonprofit partners for program review, monitoring, auditing, research, and/or oversight purposes. In addition, you authorize DRS to have your credit report pulled two additional times to conduct program evaluations. You also agree to keep DRS informed of any changes in address, telephone number, job status, marital status, or other conditions which may affect your eligibility for a program you have applied for or a counseling service that you are seeking. Finally, you understand that you may revoke consent to these disclosures by notifying DRS in writing.

Client Privacy, Data Security, and Client Rights Policy

NOTE: This sheet is to inform new or returning clients about our services, records, fees, and limitations that may affect you as a consumer of our services. This form also discloses how we might release your information to other agencies and/or regulators. If you do not understand a statement, please ask a Debt Reduction Services (DRS) counselor for assistance.

Debt Reduction Services, Inc. (DRS) has put into place policies and procedures to protect the security and confidentiality of your nonpublic personal information. This notice explains our online information practices and how we use and maintain your information to conduct our financial education and credit counseling sessions and to fulfill information and question requests. This privacy policy complies with federal laws and regulations.

To provide our financial education and credit counseling services, we collect nonpublic personal information about you as follows: 1) Information we receive from you, 2) Information about your transactions with us or others, and 3) Information we receive from your creditors or a consumer reporting agency. We do not share this information with outside parties.

We use non-identifying and aggregate information to better design our website and services, but we do not disclose anything that could be used to identify you as an individual.

You hereby authorize DRS, when necessary, to share your nonpublic personal, financial, credit, and any information that you provided (including any computations and assessments produced) with the following entities in order to help DRS provide you with appropriate counseling or guide you to appropriate services: third parties such as government agencies, your lender(s), your creditor(s), and nonprofit housing-related and other financial agencies as permitted by law, including the U.S. Department of Housing and Urban Development.

To prevent unauthorized access, maintain data accuracy, and ensure the correct use of information, we have put in place appropriate physical, electronic, and managerial procedures to safeguard and secure the information we collect online. We limit access to your nonpublic personal information to our employees, contractors and agent