Nonprofit Debt Help
Debt Services and Repayment Options
When debt is taking too much of each paycheck, it can be hard to know which kind of help actually fits. A nonprofit Money Fit counselor can help you sort through the balances, payments, and household budget, then explain the repayment options that make sense for your situation.
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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 2025 Money Fit debt management plan enrollment data. Individual payment changes and results vary.
Working with major creditors through a debt management plan
Money Fit works with many major credit card issuers and unsecured creditors. If a plan fits your budget and an account is eligible, you make one monthly payment to Money Fit and we send the funds to participating creditors.
The logos are examples, not a complete list or an endorsement. Participation and available terms depend on the creditor and account.
You do not have to choose a debt program before you talk with us
Money Fit credit counseling is free. We start with what is happening in your household: which debts are creating pressure, what you are paying now, and how much room your budget really has. Then we help you compare the next steps without pushing you into a program.
If a debt management plan fits, you will see the proposed payment, which eligible accounts may be included, and what participating creditors may offer before you decide. If a plan does not fit, the counseling conversation can still leave you with a clearer budget and a better sense of what to do next.
You do not have to take our word for it
Money Fit is the consumer service of Debt Reduction Services, Inc. You can confirm the agency's memberships in the public directories maintained by the National Foundation for Credit Counseling and the Financial Counseling Association of America.
What is making debt hardest right now?
Start with the problem you recognize. You do not need to know the name of a program or decide how to handle every account before asking for help.
Credit card balances are barely moving
High interest and minimum payments can make it feel like you are paying without getting anywhere. Start by looking at the balances, rates, and total monthly payment.
Too many payments are hitting at once
Several credit cards or unsecured debts may be easier to manage through one structured monthly payment if the accounts and budget qualify.
Payday loans or collections need attention
Short-term loans and collection accounts can create different kinds of pressure. Start with the account causing the most immediate concern.
Similar words can describe very different debt options
Before signing up, make sure you know what the company is actually offering, where the payment goes, and whether you are taking on new credit.
Nonprofit credit counseling
A counselor helps you review the budget, accounts, and possible next steps. Counseling does not require you to enroll in a debt management plan.
Debt management plan
You make one monthly payment to a nonprofit agency, which sends funds to participating creditors. It is not a new loan and does not reduce principal balances.
Consolidation loan or balance transfer
Existing debts are moved to new credit. The rate, fees, repayment term, and total cost depend on the lender or card issuer and your qualifications.
Debt settlement
A settlement company may ask you to stop paying creditors while money is saved for negotiations. This can bring fees, collection pressure, lawsuits, credit damage, and possible tax consequences.
Explore help for a specific debt or question
These pages go deeper when you already know what you want to understand. If you are still unsure, the free counseling conversation is a good place to begin.
Credit Card Debt
See how interest, minimum payments, and several balances affect your repayment choices.
Debt Relief
Compare the main approaches people mean when they use the broad phrase debt relief.
Debt Consolidation
Understand the difference between new borrowing and a nonprofit repayment plan.
Debt Management
Learn how eligible unsecured debts may be organized into one monthly payment.
Payday Loan Consolidation
Review options for repeated short-term borrowing and eligible payday loan balances.
Collection Debt
Sort out account details, payment questions, disputes, and when legal help may be needed.
Debt Reduction Services
See how counseling and structured repayment can help reduce the cost and pressure of unsecured debt.
What we will talk through with you
A useful debt review looks beyond the balance alone. We look at the debts and the day-to-day costs that determine what you can realistically pay each month.
Your household budget
Income, housing, food, utilities, transportation, insurance, medical costs, and family needs show what payment is sustainable.
Your debts and accounts
Balances, rates, minimum payments, due dates, account status, collections, and creditor details help shape the options.
Your next decision
We explain what may fit, what it would cost, and what can vary so you can choose your next step with fewer unknowns.
A trustworthy option should be easy to explain
You should be able to tell whether the service is counseling, a repayment plan, a new loan, or settlement. You should also know what you will pay, whether creditor payments continue, and what risks or limitations come with the approach.
If the explanation feels rushed or depends on a guaranteed result, pause before sharing money or account access. A legitimate provider should give you time to understand the details.
What Money Fit can explain, and what no provider should promise
Debt help can make the choices easier to understand and may make eligible debts more manageable. The result still depends on your accounts, creditors, state, program rules, and household budget.
A plan can organize eligible debts
If a debt management plan fits, you make one monthly payment to Money Fit and we send funds to participating creditors.
No guaranteed rate, payment, or payoff date
Creditor participation, concessions, payment amount, fees, account treatment, credit reporting, and payoff timing can vary.
A debt management plan repays balances
Money Fit does not promise debt forgiveness or reduced principal. A plan is designed to repay eligible unsecured debts over time.
Some debts need different help
Mortgages, auto loans, taxes, student loans, lawsuits, and other legal or secured obligations may require a lender, servicer, attorney, or specialized counselor.
Talk through the debts with a nonprofit counselor
Share a few details so Money Fit can look at your debts, monthly payments, and household budget. You can understand the options before deciding whether any program makes sense for you.
Calling or submitting a request does not require enrollment in a debt management plan.
Frequently asked questions
Which Money Fit debt service should I choose?
Start with the debt or payment problem creating the most pressure. Credit card balances usually begin with credit card debt help or free credit counseling. Payday loans and collection accounts may need a more specific review. If several unsecured debts are involved, a debt management plan may be worth discussing.
What happens during free credit counseling?
A Money Fit counselor reviews your income, essential expenses, debts, minimum payments, and immediate concerns. You discuss possible next steps and are not required to enroll in a debt management plan.
Is a debt management plan the same as debt consolidation?
Not always. A debt management plan is a structured repayment plan through a nonprofit credit counseling agency and does not involve a new loan. Debt consolidation can also mean replacing debts with a new loan or balance transfer.
Is nonprofit debt help the same as debt settlement?
No. Money Fit does not ask you 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 through participating creditors.
Can payday loans be included in a nonprofit repayment plan?
Some payday loan balances may be reviewed, but eligibility depends on the lender, account status, state and program rules, available payment arrangements, and whether the plan fits the household budget.
Can collection debt be included in a debt management plan?
Some collection accounts may be reviewed, but eligibility depends on the debt type, account status, creditor or collector participation, program rules, and budget fit. Legal questions about lawsuits, judgments, or garnishment should go to a qualified attorney or legal aid.
Can Money Fit guarantee lower interest rates or payments?
No. Participating creditors may offer reduced rates or certain fee concessions on eligible accounts, but creditor participation, concessions, payment amount, fees, account treatment, credit reporting, and payoff timing can vary.
Does Money Fit sell my information to debt companies?
No. Your information stays with Money Fit. Money Fit does not sell it or send it to a marketplace of lenders or debt companies. We use the information you share to respond to your request and review possible next steps.
