(800) 432-0310
Get Started

Payday Loan Consolidation

Struggling with payday loans? We can help.

  • Consolidate payday loans, credit cards, and more into one lower monthly payment.
  • No new loans, no credit check required.
  • Simplify your finances with a structured repayment plan.

For the best results, include all eligible debts—including credit cards—to streamline your payments and make bill management easier.

Break Free from Payday Loan Debt

Take the First Step Today.

Quote - Vertical
By submitting your information, you agree to the Privacy Policy. You also consent to receive calls, emails, and text message offers/info from Money Fit by DRS using an autodialer/pre-recorded message at the number you provided if one was entered. You understand that msg/data rates may apply and your consent to such communications is not a requirement for purchase.

We Help Consolidate Loans from Major Payday Lenders

credit ninja logo
advance america logo
moneytree logo
eloan warehouse logo
spotloan logo

We work with lenders nationwide to lower payments and break the payday loan cycle. Contact us to see if yours qualifies.

Proven Payday Loan Relief that Works!

Money Fit is a nationally recognized nonprofit with over 25 years of experience in consumer credit counseling and debt relief. We’ve helped over thousands of people pay off their payday loans and regain financial freedom.

Payday Loan Help from a Trusted Nonprofit

Break free from the payday loan cycle—we can help. If you’re struggling with multiple payday loans, you’re not alone. Our Payday Loan Consolidation program focuses on reducing your payments and getting you out of debt as quickly and pain-free as possible.

payday loan consolidation

How We Help You Escape the Payday Loan Trap

First, we start with a free consultation to assess your situation. We’ll review who you owe, how much, and your overall financial picture. Then, we’ll explore options to help you repay your payday loans while identifying ways to avoid relying on them in the future—so you can finally break the expensive and stressful payday loan cycle.

Debt Consolidation for Payday Loans

Once we confirm that we can work with your payday loan lenders and you enroll in our repayment program, we’ll negotiate consolidation arrangements on your behalf. This means you’ll make one lower, more manageable monthly payment through Money Fit until your loans are fully repaid.

How to get help with your Payday Loans

One of the biggest struggles with payday loans is the cycle of borrowing—feeling trapped by high fees and short repayment terms. You don’t have to go through it alone. Our certified credit counselors are here to help you regain control and prevent the cycle from repeating.

payday loan consolidation

Debt Relief Services for Payday Loan Consolidation

If payday loans have become overwhelming, we can help. At Money Fit, we’ll create a debt relief plan that stops the borrowing cycle and gives you a clear path forward.

Here’s how we can help:

  • Consolidate your payday loans into one manageable monthly payment.
  • Negotiate with lenders to reduce interest rates and fees.
  • Create a realistic budget to prevent short-term loans in the future.
  • Offer personalized guidance to help you regain financial confidence.

Call 1-800-432-0310 today or fill out our form to take the first step toward financial relief.

You’re Not Alone

Feeling trapped by payday loans is more common than you think. For millions of Americans, these loans become a financial lifeline—until the high fees and short terms make them impossible to escape.

Did you know?

  • Over 12 million Americans use payday loans each year.
  • Borrowers pay over $9 billion annually in fees—an average of $750 per person (Source: LendEDU.com).

With millions of consumers borrowing payday or other short-term loans, you are not alone, and help is available.

The Borrowing Ends Here

At Money Fit, we don’t lend money—we help you break the borrowing cycle. By consolidating your payday loans into one structured repayment plan, we make getting out of debt possible.

Here’s how it works:

  1. Put a stop to borrowing – No more taking out one loan to pay another.
  2. Simplify your payments – Combine your payday loans into one manageable payment.
  3. Eliminate dependency – Say goodbye to relying on high-interest loans to get by.

With Money Fit, you can take back control of your finances—and we’ll be with you every step of the way.

Take Control of Your Payday Loan Debt

Payday loans don’t have to control your financial future. With Money Fit, you’ll have access to experienced counselors and a clear path to financial freedom.

Start today: Get a free consultation to explore your options.
Take the first step: Our counselors are ready to listen and provide support.
Achieve financial peace of mind: We’ll guide you toward a structured plan to eliminate payday loan debt.

Call 1-800-432-0310 today to explore your options.

Notice to Florida Residents

Florida residents with payday loans may qualify for a 60-day deferment on their payments under the Payday Advance Law. This law helps borrowers by creating space between payments and giving them time to explore repayment options.

If you’re a Florida resident, contact us before your next due date to see if you qualify for a deferment.

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

Learn More

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 1-800-432-0310 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 Helps Consumers Consolidate Payday Loans Nationwide

We assist with unsecured short-term loans, online loans, credit builder loans, and other non-traditional lending products. Payday loans have evolved into various forms, but many still come with high fees and cycles of debt. Call today to see if your loan qualifies for consolidation through our program.

Frequently Asked Questions

The following questions are the most common ones we receive about payday loan consolidation. If you need personalized advice, call us today to speak with a financial counselor.

Yes, but the effectiveness depends on the company and the method they use. Many payday loan consolidation companies help thousands of consumers each year escape payday loan debt by negotiating lower payments and reducing fees.

However, not all consolidation companies operate the same way:

  • Some offer new loans to pay off existing payday loans, which can lead to more debt.
  • Others try to settle your debt, which can hurt your credit score.
  • The most effective method—like the one used by Money Fit—involves working directly with payday lenders to set up a structured repayment plan with one manageable monthly payment.

If you’re stuck in a payday loan cycle, Money Fit can help you consolidate your payday loans without taking out another loan—giving you a clear path to financial freedom.

Pros:

  • Helps break the payday loan cycle by reducing fees and simplifying payments.
  • Lowers monthly payments through a structured repayment plan.
  • Reduces or eliminates high interest rates, making repayment more manageable.
  • Consolidates multiple payday loans into one single payment, making budgeting easier.

Cons:

  • Some companies push new loans or debt settlement, which may not be the best option.
  • Not all payday lenders participate, but major lenders, including Bright Lending, CashNetUSA, Spotloan and many more work with this type of program.

At Money Fit, we focus on consolidation through structured repayment, not more borrowing. Call today to see if our program is the right fit for you.

Most payday loan borrowers end up paying back nearly 140 percent of their original loan in fees alone. The sooner you can pay off your debt, the less you’ll pay in fees and interest.

Here are your options:

  • Pay it off quickly if possible. If you have the funds, paying off your payday loan in full will save you money.
  • Work with a nonprofit like Money Fit. We negotiate with your payday lenders to lower fees and structure a repayment plan, helping you get out of debt faster.
  • Avoid taking out another payday loan. This only deepens the cycle and makes it harder to escape.

If you’re struggling with payday loan debt, we can help you lower your payments and get rid of payday loans for good.

Yes, many payday lenders work with nonprofit credit counseling agencies like Money Fit to place payday loans in a Debt Management Plan (DMP).

Through a DMP:

  • Lenders reduce or eliminate interest rates to make repayment more affordable.
  • Borrowers pay off their loans over 12 months to five years without taking on new debt.
  • Major payday lenders, including Bright Lending, CashNetUSA, and Spotloan, often work with this type of program.

If you’re wondering whether your lender qualifies, contact us today—our team can help determine your best path forward.

Many borrowers worry about what happens if they stop making payments on payday loans. While laws vary by state, here’s what you should know:

  • Payday lenders can charge additional fees and interest, making the debt even harder to pay off.
  • Some lenders may take legal action or attempt to withdraw money directly from your bank account.
  • Defaulting on a payday loan does not lead to jail time, but it can severely impact your credit and financial health.
  • A structured repayment plan through a nonprofit program can help stop fees and make repayment manageable.

If you’re falling behind, acting early is key. Contact Money Fit to discuss a repayment plan before things spiral out of control.

Yes, you do not need good credit to consolidate payday loans through a debt management program. Unlike payday loan refinancing, which involves taking out another loan, Money Fit helps you set up a structured plan with your existing lenders.

  • No credit check required—your eligibility is based on your ability to make payments, not your credit score.
  • We work directly with payday lenders to reduce fees and simplify payments.
  • Your credit may improve over time as you pay off your payday loans and reduce outstanding balances.

If bad credit has been holding you back, our program may be a solution to help you regain control of your finances.

There are no official government assistance programs specifically for payday loan debt. However, several resources can help:

  • Nonprofit credit counseling agencies (like Money Fit) offer payday loan consolidation programs.
  • State regulations may offer borrower protections, such as caps on payday loan interest rates.
  • Alternative financial options, like personal loans or community-based lending programs, may provide lower-cost borrowing alternatives.

If you’re looking for relief, Money Fit’s nonprofit payday loan consolidation program is a trusted, structured solution to help you pay off your loans without new borrowing.

Payday Loan Consolidation Blog Posts

Find important answers, advice, and analysis to a wide range of personal finance topics in our Money Motivations blog.

senior couple happy after reverse mortgage counseling
●
Todd Christensen

Reverse Mortgage Counseling Explained

two friends talking about money together
●
Todd Christensen

How to Help Someone in Debt Without Hurting Yourself

hiking in utah affordable experiences
●
Rick Munster

How to Live Below Your Means Without Feeling Deprived

Even Legends Go Bankrupt: 9 Icons Who Overcame Financial Ruin
●
Rick Munster

Even Legends Go Bankrupt: 9 Icons Who Overcame Financial Ruin

is+money+good+or+evil.jpg
●
Todd Christensen

Is Money the Root of All Evil?

The words medical debt on top of 100 dollar bills.
●
Todd Christensen

Medical Debt After Death: What Happens & Who Pays?

payday loan consolidation
payday loan consolidation
Debt Solutions
Financial Education
About Money Fit
Connect With Us
payday loan consolidation
payday loan consolidation
fcaa member logo financial counseling association of america

© 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.

This Website Is Using Cookies. We use cookies to improve your experience. By continuing, you agree to our cookie use.

Continue
Learn More

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.

Close

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.
Close

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).

Close

Housing Counseling and Education Fee Schedule  

Online EDUCATION Program Fees* 

eHome Homebuyer Education Course: $99 per household** 

  • 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) 

Online Workshops: $49 per participant 

  • Rental, Fair Housing, Predatory Lending Post-Purchase, HECM Family Member  
  • Approximately 1 hour each 

Other Self-Guided Financial Literacy Webinars: $0 

  • Credit, budgeting, homelessness prevention, debt prevention 
  • Approximately 30-60 minutes each 

One-on-one COUNSELING Fees* 

Pre-purchase Home Buying, Renter Issues, Homelessness, and Fair Housing: $0  

Post-purchase Ownership and Maintenance, HOEPA or Financial Management $75/hr  

Reverse Mortgage/HECM Counseling with Required Certificate $200 per household†  

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 

**Household is an individual or a couple  
†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)