Debt Relief For Texas Residents

Texas residents have found a reliable and trusted partner in Money Fit when it comes to receiving personal debt relief & support for more than twenty years now. Whether our Texan friends are looking for assistance with credit card debt, or other unsecured debt such as collection accounts, medical bills, payday loan debt consolidation, and more we’re proud to continue showing why we’re not just “All Hat and No Cattle.”

Texas Debt Relief
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Working with a non-profit debt relief organization, like Money Fit, has benefits.

First, our mission, quite literally, is to help our customers identify means to overcome their debt for good and eliminate the need to seek debt relief in the future. This objective rings true for anyone who seeks our assistance, whether they become a client or not.

Second, you will be treated as a friend. Money Fit Credit Counselors have worked with hundreds of thousands of individuals dealing with their own personal financial worries. They know, from years of experience, that no two stories are alike and that each person that contacts us for debt relief is unique.

Credit Card Debt Consolidation is a Pressing Need for Texans in 2022

In Texas, the average cardholder’s credit card debt as of 2022 was $6,999. That number looks to rise in a post-pandemic world, as consumer spending begins to roar back. The key concern is the reliance on credit cards is increasing while inflation and other economic crisis such as high-energy costs and global instability appear to be cemented in for 2022 due in large part to the Russian invasion of Ukraine.

Consumers that can manage their debt by slowing or stopping their credit card use, and focusing on paying it off, could find themselves in a considerably better financial picture than those who don’t. Especially if any other market disturbances arise. A credit card debt consolidation program, such as the program offered by Money Fit, can help speed up the repayment process.

Payday Loan Consolidation Gives Texans a Fresh-Start

Payday loans & other short-term loans can help get consumers out of an immediate bind. However, recent trends show that many consumers find themselves relying on taking out one loan, to pay another loan, and continuing this expensive cycle until they either exhaust their budget or are forced into finding alternate means of resolving their loans.

Thankfully, Money Fit specializes in payday loan consolidation and helping Texans escape the vicious borrowing cycle that occurs when trapped in payday loans or other unsecured installment loans.

Above Average Credit Card Debt & Increased Home Ownership and Rental Costs Highlight the Need For Debt Relief In Texas

A rising concern in Texas, and across much of the United States is the spectacular rise in home buying and rental costs. Research on Zillow shows sharp increases in costs since the financial recession of 2008, which is understandable given recovery, though the recent increases may be outpacing the typical household annual earnings and repayment capabilities. An interesting study in the Austin Business Journal shows that even a slight increase in prices would put homes out of reach for many Austin households.

Getting Help With Debt In Texas

Money Fit recommends that residents take precaution and care when seeking services to provide debt relief services. Unfortunately, there are many for-profit businesses that have negative track records. If you come across a deal that sounds too good to be true, it’s highly likely that it is.

We understand that dealing with debt can be frustrating and we’ve heard from many individuals that they wish they’d taken the time to research a business they signed up with but didn’t because they wanted the burden of their debt to simply go away.

We advise that you take your time with your research and think about any short-term and long-term implications such as how much will this cost and what damages may be made to important things like your personal credit history and score. Much is on the line, the more questions you ask and research you do upfront, the more likely you’ll find a resolution to your debt that you’re satisfied with.

A Pandemic That Posed Many Unique Financial Challenges for Texans

The pandemic caused by COVID-19 had drastic financial implications for the state of Texas, beginning in 2020.

Early in 2020, when COVID-19 lockdowns went into effect, Texas saw a large spike in unemployment insurance claims, and while the long-term economic impact isn’t fully known, it will certainly have a lasting impact.

While the pandemic isn’t over, jobs and employment have made a drastic comeback as the US and world move towards the endemic stages of dealing with the virus.

Money Fit has compiled resources for individuals that have been negatively impacted financially by COVID-19:

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Additional Links & Resources

More Information:

Money Fit by DRS, Inc. is registered and provides Debt Relief Services in the State of Texas. If you’re from one of the cities listed above you can read detailed information as to the statistics behind why debt relief is needed by many individuals in your area. Remember, you are not alone in your goal to live debt-free!

TEXAS

Texas Office of the Consumer Credit Commissioner
2601 N Lamar Blvd
Austin, TX 78705

Registration Number: DM06-10018

Additional Resources

Texas Debt Relief

Debt
Consolidation

Consolidate your debt into a more affordable monthly payment.

Texas Debt Relief

Credit Report
Review

Receive free, unbiased, factual advice from an award-winning non-profit organization!

Texas Debt Relief

Debt
Management

We work with your creditors to reduce payments and fees.

Texas Debt Relief

Payday
Loan

Get help with your payday loans and break the borrowing cycle!

Texas Debt Relief

Budget
Calculators

Our free budget calculators will help you track where your money is going and get you ahead with your finances.

Texas Debt Relief

Money Fit
Academy

Courses and other resources to provide you with a financial toolbox.

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