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Money Fit by DRS State License and Registration Information

State License & Registration Information

Money Fit by DRS is approved to provide Debt Relief, Debt Management, and Consumer Credit Counseling in the following states:

A

Alabama

Alabama Securities Commission
445 Dexter Ave. Suite 12000
Montgomery, Alabama 36104

License Number: 378

Alaska

Alaska Division of Corporations
550 W 7th Ave Ste 1500
Anchorage, Alaska 99501

License Number: 715411

Arizona

Arizona State Banking Department
2910 North 44th Street, Suite 310
Phoenix, Arizona 85018

License Number: DM-0910379

Disclaimer: Money Fit by DRS is NOT A LOAN COMPANY.

Arkansas

Arkansas Secretary of State
1401 W. Capitol Ave. Suite 250
Little Rock, AR 72201

Certificate of Authority Number: 800193418

C

California

California Secretary of State
1500 11th St.
Sacramento, CA 95814

Registration Number: 2650772

Colorado

Colorado Department of Law
1300 Broadway
Denver, CO 80203

Registration Number: 000034

Connecticut

Connecticut Department of Banking
260 Constitution Plaza
Hartford, Connecticut 06103

License Number: 0999994

D-H

Delaware

Delaware Department of Justice
820 N. French St
Wilmington, DE 19801

License Number: 19-04

Disclaimer: The establishment of a debt management plan may adversely affect the individual’s credit rating or credit scores. Nonpayment of debt may lead creditors to increase finance and other charges or undertake collection activity, including litigation.

Georgia

Georgia Office of Consumer Affairs
2 M.L.K. Jr Drive SW
Atlanta, GA 30334

Registration Number: 0543440

Florida

Florida Division of Corporations, The Centre of Tallahassee
2415 N. Monroe St. Suite 810
Tallahassee, FL 32303

Registration #F11000000204

Hawaii

State of Hawaii Business Registration Division
335 Merchant St #203
Honolulu, HI 96813

Certificate of Authority Number: 34393 F2

I

Idaho

Idaho Department of Finance
800 E Park Blvd #200
Boise, ID 83712

Permit Number: CDC-3328

Illinois

Illinois Department of Financial Institutions
320 W Washington St
Springfield, IL 62701

License Number: DM0000203

Indiana

Indiana Department of Financial Institutions
30 S Meridian St Suite 300
Indianapolis, IN 46204

License Number: 10736

Iowa

Iowa Division of Banking
200 E Grand Ave Suite 300
Des Moines, IA 50309

License Number: 2007-0041

K-L

Kansas

Kansas Office of the State Bank Commissioner
700 SW Jackson St #300
Topeka, KS 66603

License Number: CSO.0000012

Kentucky

Kentucky Office of the Attorney General
1024 Capital Center Drive Suite 200
Frankfort, KY 40601

Registration Number: 64

Louisiana

Louisiana Secretary of State
8585 Archives Ave
Baton Rouge, LA 70809

Registration Number: 40425326F

M

Maine

Maine Department of Professional & Financial Regulation
35 State House Station
Augusta, ME 04333

Registration Number: DMS13221

Maryland

The Office of the Commissioner of Financial Regulation
500 N Calvert St #402
Baltimore, MD 21202

License Number: 14-27

Massachusetts

Massachusetts Secretary of State
McCormack Building, 1 Ashburn Pl
Boston, MA 02108

License Number: 15126604850

Michigan

Michigan Department of Insurance and Financial Services
PO Box 30220
Lansing, MI 48909

License Number: 0020620

Minnesota

Minnesota Department of Commerce
85 7th Pl E #280
St. Paul, MN 55101

License Number: DM63

Mississippi

Mississippi Department of Banking and Consumer Finance
PO Box 12129
Jackson, MS 39236

License Number: DM000036

Missouri

Missouri Secretary of State
600 W Main St
Jefferson City, MO 65101

Certificate of Authority Number: E00687061

Montana

Montana Office of Consumer Protection
555 Fuller Ave
Helena, MT 59601

Registration Number: 184979

N

Nebraska

Nebraska Secretary of State
1201 N St
Lincoln, NE 68508

Account: 10146146

Nevada

Department of Business & Industry: Financial Institutions Division
3300 W Sahara Ave
Las Vegas, NV 89104

License Number: DMSM11041

New Hampshire

New Hampshire Department of Banking
53 Regional Dr #200
Concord, NH 03301

License Number: 22327-DA

New Jersey

New Jersey Department of Banking and Insurance
20 W State St
Trenton, NJ 08625

License Number: 1000163

New Mexico

New Mexico Public Regulation Commission
1120 Paseo De Peralta
Santa Fe, NM 87501

Certificate of Authority Number: 2622751

New York

New York State Banking Department
1 State St
New York, NY 10004

License Number: BP100729

North Carolina

North Carolina Secretary of State
2 S Salisbury St
Raleigh, NC 27601

Registration Number: 0807267

North Dakota

North Dakota Secretary of State
600 E Boulevard Ave Dept. 108
Bismarck, ND 58505

Registration Number: 0000088532

O-R

Ohio

Ohio Banking Department
30 E Broad St
Columbus, OH 43215

Entity # 1650151

Oklahoma

Oklahoma Secretary of State
421 NW 13th St #210
Oklahoma City, OK 73103

Certificate of Authority Number: 2612019504

Oregon

Oregon Department of Consumer and Business Services
350 Winter St NE 2nd Floor
Salem, OR 97301

License Number: DM-80018

Pennsylvania

Pennsylvania Department of Banking
17 N 2nd St #1300
Harrisburg, PA 17101

License Number: 23260

Rhode Island

Rhode Island Department of Business Regulation
1511 Pontiac Ave
Cranston, RI 02920

License Number: 20183641DM

S-U

South Carolina

South Carolina Department of Consumer Affairs
2221 Devine St #200
Columbia, SC 29205

Registration Number: CCL-144364

South Dakota

South Dakota Secretary of State
500 E Capitol Ave
Pierre, SD 57501

Certificate of Authority Number: #FN 010906

Tennessee

Tennessee Office of the Attorney General
500 Charlotte Ave
Nashville, TN 37219

License Number: 48

Texas

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

Registration Number: DM06-10018

Utah

Utah Department of Commerce, Division of Consumer Protection
160 E Broadway
Salt Lake City, UT 84111

License Number: CS-9488

Disclaimer: Using a debt management plan may make it harder for the individual to obtain credit.

V-W

Vermont

Vermont Banking Division
89 Main St
Montpelier, VT 05620

License Number: DA-47

Virginia

Virginia Bureau of Financial Institutions
133 E Main St
Richmond, VA 23219

Licensed by the Virginia State Corporation Commission.

License Number: DC-35

Washington

Washington Division of Consumer Services
150 Israel Rd SW
Tumwater, WA 98501

Certificate of Authority Number: #601889637

West Virginia

West Virginia Secretary of State
1900 Kanawha Blvd E
Charlston, WV 25305

Certificate of Authority Number: #95639

Wisconsin

Wisconsin Department of Financial Institutions
4822 Madison Yards Way
Madison, WI 53705

License Number: 189

Wyoming

Wyoming Secretary of State
Herschler Building East – 122 W 25th St Suite 100
Cheyenne, WY 82002

Certificate of Authority Number: #200500490229

*DRS represents Debt Reduction Services, Inc. our nonprofit parent organization.

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© 2024 Money Fit by DRS
6213 N. Cloverdale Rd, Suite 130, Boise, ID 83713
Money Fit is a nationwide nonprofit 501(c)(3) organization. We do not lend money.

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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 agents who need such access to provide products or services to you or for other legitimate business purposes.

Debt Reduction Services, Inc. complies with the privacy requirements set forth in the HUD housing counseling agency handbook 7610.1 (05/2010), including the sections 2-2 Mc, 3-1 H(2), 3-3, 5-3 F, and Attachment A.5. At all times, we will comply with all additional laws and regulations to which we are subject regarding the collection, use, and disclosure of individually identifiable information.

  1. Services: DRS provides the following housing-related services: counseling that includes Homeless Assistance, Rental Topics, Pre-purchase/Homebuying, and Home Maintenance and Financial Management for Homeowners (Non-Delinquency Post-Purchase); Education courses that include Financial literacy (including home affordability, budgeting, and understanding use of credit), Predatory lending, loan scam or other fraud prevention, Fair housing, Rental topics, Pre-purchase homebuyer education, Non-delinquency post-purchase workshop (including home maintenance and/or financial management for homeowners), and other workshops not listed above.

Please refer to DebtReductionServices.org for details of our services.

  1. Limits: Our services are limited to our normal weekday business hours. We do not provide individual counseling or education services after hours or on weekends, although our education courses are available 24/7.
  2. Fees: We do not charge fees for our financial management counseling and education. However, if you use them, you may have to pay for our Debt Management Program, Student Loan Counseling, Bankruptcy Certificate Services or certain financial education courses (homebuyer education, rental topics, fair housing, predatory lending, and post-purchase-non-delinquency including home maintenance and/or financial management for homeowners).
  3. Records: We maintain records of the services you receive, including notes about your progress or other relevant information to your work with us. You have the right to access and view your records by making a request to your counselor.
  4. Confidentiality: We respect your privacy and offer our services in confidence with the understanding that we may share such information with auditors and government regulators. Certain laws or situations may also lead to disclosing confidential issues, such as those involving potential child abuse or neglect, threats to harm self or others, or court subpoenas.
  5. Refusal of Services: You have the right to refuse services without any penalty or loss.
  6. Disclosure of Policies and Practices: You will be provided our agency disclosure statement.
  7. Sharing of Information: Sometimes we will need to contact other agencies or we may need to share your information, including your records, with other agencies or with regulators. We will do this only if you sign this form that gives us permission except for limited reasons; please see # 5 above for examples of such situations.
  8. Other: You have the right to be treated with respect by our staff, and we expect the same from you in return. We encourage you to always ask questions if something is not clear. We also encouraged you to express your thoughts and advocate throughout our services.

You acknowledge that this authorization will remain in effect for the duration of time that DRS serves as your housing counselor or financial education provider. You also acknowledge that should you wish to terminate this authorization, you will notify DRS in writing.

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Disclosure  Statement

NOTE: If you have an impairment, disability, language barrier, or otherwise require an alternative means of completing this form or accessing information about our counseling services, please communicate with your DRS representative about arranging alternative accommodations.

Program Disclosure Form

Disclosure to Client for HUD Housing Counseling Services

Debt Reduction Services, Inc. and its financial education arm, Money Fit by DRS, offer the following housing counseling and educational services related to housing, personal finance, and bankruptcy certificates to consumers:
  • Housing Education Courses: DRS offers many online self-guided education programs classified as Financial, Budgeting, and Credit Workshops (FBC), Fair Housing Pre-Purchase Education Workshops (FHW), Homelessness Prevention Workshops (HMW), Non-Delinquency Post Purchase Workshops (NDW), Predatory Lending Education Workshops (PLW), Pre-purchase Homebuyer Education Workshops (PPW), and Rental Housing Workshops (RHW). These courses help participants increase their knowledge of and skills in personal finance, including home affordability, budgeting, and understanding the use of credit, as well as predatory lending, loan scams, and other fraud prevention topics, fair housing, rental topics, pre-purchase homebuyer education, non-delinquency post-purchase topics including home maintenance and/or financial management for homeowners, homeless prevention workshop, and other workshops not listed above relating to personal finance and housing. Course details are found below under “Housing Workshops.”
  • Home Equity Conversation Mortgage (HECM) Counseling (RMC): Via telephone and virtual platforms, we offer the required HECM counseling nationwide in addition to in-person counseling in Boise, Idaho. We also offer in-home counseling options in thirty counties across southern Idaho for an additional fee to cover our travel and additional staff time costs.
  • Home Maintenance and Financial Management for Homeowners (Non-Delinquency Post-Purchase) (FBC): Clients receive counseling and materials on the proper maintenance of their home and mortgage refinancing. Clients can find help and resources by phone, in our Boise office, or virtually on all topics related to stabilizing their long-term homeownership.
  • Services for Homeless Counseling (HMC): Clients receive phone, virtual, or in-person (Boise) counseling to evaluate their current housing needs, identify barriers to and goals for housing stability, establish a path to self-sufficiency, and connect with emergency shelters, income-appropriate housing, and/or other community resources (e.g. mental healthcare, job training, transportation, etc.).
  • Pre-Purchase Counseling (PPC): Clients receive counseling through the entire homebuying process. Assistance may involve creating a sustainable household budget, understanding mortgage options, building their credit rating, and putting together a realistic action plan to set and achieve homeownership goals.  Additionally, clients will receive materials and resources about home inspections and other homeownership topics relevant to successfully maintaining a home.
  • Rental Housing Counseling (RHC): Via phone, in-person appointments (Boise, ID), or virtual platforms, clients receive housing counseling relevant to renting, including rent subsidies from HUD or other government and assistance programs. Topics can also address issues and concerns having to do with fair housing, landlord and tenant laws, lease terms, rent delinquency, household budgeting, and finding alternate housing.
DRS also offers the following services:
  • A Debt Management Program (DMP) for consumers struggling to pay their credit cards, collections, medical debts, personal loans, old utility bills, and past-due cell phone accounts;
  • The Budget Briefing and Debtor Education Certificates that are required during the Bankruptcy filing process;
  • A Student Loan Repayment Plan Counseling and application service.

Relationships with Industry Partners

Through such services, DRS has established financial relationships with hundreds of banks, credit unions, and creditors such as American Express, Bank of America, Barclays, Capital One, Chase, Citibank, Credit One, Discover, Synchrony, US Bank, USAA, Wells Fargo, and others.

No Client Obligation

The client is not obligated to receive, purchase or utilize any other services offered by DRS or its exclusive partners to receive financial education or housing counseling services. Alternatives: As a condition of our counseling services, in alignment with meeting our client services goals, and in compliance with HUD’s Housing Counseling Program requirements, we may provide information on alternative services, programs, and products available to you, if applicable and known by our staff. Alternative DMP services include negotiating better repayment terms directly with your individual creditors, paying your debts as agreed, or, in extreme cases, filing for personal bankruptcy. Alternative credit and education services can be found through MyMoney.gov or the Jump$tart Clearinghouse of online financial education resources. Housing counseling alternatives can be found through HUD at www.hud.gov/findacounselor.
Finally, you understand that you may revoke consent to these disclosures by notifying DRS in writing.
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Housing Counseling and Education Fee Schedule

 

Online Education Program Fees*

Homebuyer Education Course: $59 per participant

  • Self-paced course available here, our online housing counseling and education center. Certificates will be automatically generated upon completion of the course (approximately 6-8 hours)

Rental, Fair Housing, Predatory Lending / HOEPA, Post-Purchase (Non-delinquency post-purchase workshop, including home maintenance and/or financial management for homeowners) Online Workshops: $49 per participant

  • Approximately 1 hour each

Other Self-Guided Financial Literacy Webinars (e.g. credit, budgeting, homeless prevention, debt prevention): $0

One-on-one Counseling Fees*

Pre-purchase Homebuying Counseling, Rental Counseling, Post-purchase Ownership Maintenance and Financial Management: $75

  • Session by the hour

Reverse Mortgage/HECM Counseling with Required Certificate:

  • $200†

Credit Report Fee: Paid Directly by Client

*Fees for all but our online education courses and workshops can be paid online by debit card, credit card, or PayPal or in person by cash, check or money order to: “Debt Reduction Services, Inc.” Registration fees are non-refundable 24 hours or less before the start of an in-person course or workshop. Certificates are non-transferable

*Fees may be waived for households with income of 150% or less of that identified on the US Department of Health and Human Services Poverty Guidelines Page

†Home visit counseling is available in 30 southern Idaho counties for potential HECM borrowers at additional costs to cover our travel (IRS reimbursement rates apply) and staff time ($50 per hour or fraction there).

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Housing Counseling and Education Fee Schedule

 

Online Education Program Fees*

Homebuyer Education Course: $59 per participant

  • Self-paced course available here, our online housing counseling and education center. Certificates will be automatically generated upon completion of the course (approximately 6-8 hours)

Rental, Fair Housing, Predatory Lending / HOEPA, Post-Purchase (Non-delinquency post-purchase workshop, including home maintenance and/or financial management for homeowners) Online Workshops: $49 per participant

  • Approximately 1 hour each

Other Self-Guided Financial Literacy Webinars (e.g. credit, budgeting, homeless prevention, debt prevention): $0

One-on-one Counseling Fees*

Pre-purchase Homebuying Counseling, Rental Counseling, Post-purchase Ownership Maintenance and Financial Management: $75

  • Session by the hour

Reverse Mortgage/HECM Counseling with Required Certificate:

  • $200†

Credit Report Fee: Paid Directly by Client

*Fees for all but our online education courses and workshops can be paid online by debit card, credit card, or PayPal or in person by cash, check or money order to: “Debt Reduction Services, Inc.” Registration fees are non-refundable 24 hours or less before the start of an in-person course or workshop. Certificates are non-transferable

*Fees may be waived for households with income of 150% or less of that identified on the US Department of Health and Human Services Poverty Guidelines Page

†Home visit counseling is available in 30 southern Idaho counties for potential HECM borrowers at additional costs to cover our travel (IRS reimbursement rates apply) and staff time ($50 per hour or fraction there).