Debt Relief: How to Get Help With Credit Cards & Other Secured Debt Without a Loan

It 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 detail debt woes of countries across the globe.

Today ‘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 individuals 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 benefit. 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

Money Fit by DRS, has provided nonprofit credit counseling to consumers for over 22 years. 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 skill set 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 education materials. It’s our charter, our vision and what we stand for.

We have excellent working relationships with thousands of creditors, many whom 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.

Self Debt Relief

These services, whether received through a nonprofit organization such as Money Fit by DRS Inc., 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, ideally, 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.

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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.

Debt Relief Frequently Asked Questions

Select the question below to reveal the answer:

How do you qualify for debt relief?

There is no set standard for qualifying with Money Fit due to the credit counseling services provided being 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 their are the following items in place:

  • There is an established hardship or need for the service.
  • The debt added to the repayment program must be unsecured.
  • You must show an ability to make one consolidated monthly payment.
  • There is maximum amount of debt, however, generally we advise and show consumers how to repay debt on their own if that amount is typically under $1,000.

How does a debt relief program work?

Money 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 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 open and a revolving line of credit, will be closed to further charging, in order to be paid off in an expedited manner.
  • Once an account is paid in full, the overall monthly payment remains the same, and the additonal funds are distributed to the next account in line (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.
It isn’t always easy but the payoff, becoming debt free, is well worth the effort!

It isn’t always easy but the payoff, becoming debt free, is well worth the effort!

Do You Need Debt Relief?

Eliminating your debt can be a wholesome and rewarding experience when it’s apparent it’s needed and that the individual will benefit from participation. We routinely remind those seeking help to remain vigilant when seeking outside help. Not all debt management is equal. There are organizations that profit greatly without providing any education or support services whatsoever. These organizations appear to prey on those in a difficult situation and many have been caught and reprimanded over the years.

Our personal finance education materials can be used by any individual, anywhere, at any time. While the material may not be copied without permission, we invite like-minded organizations to link to our content, or contact us for print copies when applicable. We also invite collaboration on joint financial education initiatives and welcome any opportunity to expand our ability to reach more individuals.

Our credit counseling services are available in 49 states as well as the District of Columbia. We offer consumers assistance through credit counseling, debt management, financial wellness programs, bankruptcy filing certificate, student loan counseling and more. Our certified counselors will explain which services are available in your area.

Remember, our free financial education services are available to everyone, regardless of where they reside.

Nationwide Debt Relief Available IN the Following States:

Select Your State for Additional Details

*If your state is listed below we are able to provide services. We will continue adding information for each state.










District of Columbia




















New Hampshire

New Jersey

New Mexico

New York

Nevada (Coming Soon)

North Carolina

North Dakota





Rhode Island

South Carolina

South Dakota







West Virginia