Nonprofit Payday Loan Help
Payday Loan Consolidation
Bring eligible payday and short-term loan balances into one organized monthly payment through Money Fit. A structured nonprofit repayment plan may reduce interest and fees and help you move out of repeated borrowing without taking out another loan.
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Combine Payday Loans Into One Monthly Payment
Bring multiple payday and short-term loan balances together into one organized repayment plan with one payment to Money Fit each month.
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Reduce the Cost of Paying Off Your Debt
A structured repayment plan can reduce the interest and fees that keep payday loan balances expensive, helping more of your money go toward getting out of debt.
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Break the Payday Loan Borrowing Cycle
Stop juggling due dates, renewals, rollovers, and new loans to cover old ones. Your monthly payment is designed to steadily pay down the debt you already have.
Payday and Short-Term Lenders Money Fit Has Worked With
Money Fit has worked with these and other lenders to help consumers move eligible payday, installment, and short-term loans into structured repayment.
A lender shown here may not accept every loan or account. Participation depends on the lender, loan type, account status, and state.
Money Fit helped 1,122 consumers begin repaying more than $6 million in payday and short-term loan debt through structured nonprofit repayment plans.
Lender participation, repayment terms, and individual results vary.Can Money Fit consolidate payday loans without a new loan?
Money Fit helps consumers combine eligible payday, installment, and short-term loan balances into one monthly payment without issuing a new loan. The program is a structured repayment plan, not payday loan refinancing or debt settlement.
When lenders participate, the plan may reduce interest and fees while creating more time to repay the balances. Money Fit reviews lender participation, the proposed payment, program fees, and the household budget before enrollment.
An independent way to verify the agency behind Money Fit
Money Fit is operated by Debt Reduction Services, Inc., a member of the National Foundation for Credit Counseling and the Financial Counseling Association of America. Both organizations maintain public member listings, giving consumers another place to confirm the credit counseling agency behind Money Fit.
Choose the starting point that matches your situation
Payday and short-term loans can create different problems depending on the lender, payment schedule, and whether withdrawals are already affecting essential expenses.
I have several loans and due dates
Organize each lender, balance, payment date, automatic withdrawal, and current account status before comparing a structured repayment plan.
Start a confidential reviewI keep borrowing to cover the next payment
Review the budget gap behind the borrowing cycle and whether a longer repayment schedule can work without another advance.
Build a clearer household budgetI am behind or worried about withdrawals
Gather lender notices, bank activity, payment authorizations, and account terms. Legal rights and options can vary by state and loan product.
Contact Money FitHow a structured payday loan repayment plan works
A plan should replace the borrowing cycle with a payment the household can understand and maintain. Money Fit reviews the details before making a recommendation.
List the lenders and balances
The counselor reviews loan documents, balances, due dates, automatic withdrawals, account status, and whether each lender may participate.
Build a workable payment
Income and essential expenses are reviewed to determine whether a proposed monthly payment can fit without creating another shortfall.
Confirm terms before enrollment
Money Fit explains participating accounts, payment timing, fees, lender treatment, and known limitations before the consumer decides.
What a counselor reviews with you
Payday loan pressure is usually connected to a broader cash-flow problem. The review looks at the loans and the household conditions that made short-term borrowing feel necessary.
Income and payment timing
Pay frequency, direct deposits, benefits, irregular income, and the timing of lender withdrawals can affect whether a plan is practical.
Essential expenses
Housing, food, utilities, transportation, insurance, medical costs, childcare, and family needs come before an aggressive debt payment.
Loan and account details
Lender name, product type, original balance, current balance, fees, payment authorization, due date, and account status shape the options.
The goal is to end the borrowing cycle, not move it somewhere else
Money Fit often sees payday loans become part of the paycheck itself. One withdrawal leaves too little for rent, food, transportation, or utilities, so another loan fills the gap. A new loan may change the lender without fixing that cycle.
A useful plan creates more time to repay eligible balances and builds the payment around real household expenses. It also identifies what has to change so the next emergency does not automatically lead back to short-term borrowing.
What to know before enrolling
Payday loan products and lender policies vary widely. Money Fit explains what is known, what depends on the lender, and what you will be expected to do before you decide.
Not every lender participates
Money Fit cannot guarantee that a lender will accept a structured repayment arrangement or offer specific interest or fee treatment.
The payment and fees are explained first
The proposed monthly payment and any program fees are disclosed before enrollment. The amount depends on eligible balances, lender terms, and the household budget.
Automatic withdrawals need attention
Consumers should review payment authorizations and bank activity carefully. Money Fit provides education but does not give legal advice about revoking authorization or disputing transactions.
State law and loan type matter
Rights, lender requirements, payment options, credit effects, and legal consequences can vary by state and by whether the product is a payday, installment, tribal, or other short-term loan.
Start with a confidential review
Share a few details so Money Fit can review your lenders, balances, payment dates, and household budget. You can understand possible repayment terms and limitations before deciding whether a structured plan fits.
Frequently asked questions
What is payday loan consolidation?
Payday loan consolidation can mean taking out a new loan, using debt settlement, or organizing existing loans through a structured repayment plan. Money Fit focuses on nonprofit counseling and repayment support without issuing a new loan.
Can payday loans be included in a Money Fit repayment plan?
Some payday, installment, and short-term loan balances may be eligible for a Money Fit repayment program. Eligibility depends on the lender, product, account status, state rules, program rules, and whether the proposed payment fits the budget.
Do I need good credit to get nonprofit payday loan help?
Money Fit does not use a hard credit inquiry to provide counseling or review a structured repayment option. Eligibility is based on the loans, lender participation, account details, program rules, and the consumer’s ability to make the proposed payment.
Can Money Fit reduce payday loan interest or fees?
A structured repayment plan can reduce the interest and fees that make payday loan balances expensive when lenders participate. Money Fit cannot guarantee a specific reduction because terms vary by lender, product, account, state, and program.
Will I make one monthly payment?
When eligible balances and participating lenders can be included, a structured plan may allow one monthly payment through Money Fit. The payment amount and included accounts are explained before enrollment.
What happens if my lender does not participate?
Money Fit can explain which accounts may be included and which may need a separate approach. A lender’s logo or past participation does not guarantee that a specific loan will qualify.
What happens if I stop paying a payday loan?
Consequences can include additional charges where allowed, collection activity, attempted withdrawals under existing authorizations, credit reporting, or legal action. State law and loan terms vary. Respond to court papers promptly and speak with a qualified attorney or legal aid organization about legal questions.
Are there government programs that pay off payday loans?
Money Fit is not aware of a general federal program that pays consumers’ payday loan balances. State laws may provide specific protections or payment options, and nonprofit counseling may help consumers review repayment paths.
Will payday loan consolidation improve my credit?
No provider should promise a specific credit-score result. Credit effects depend on account reporting, payment history, collections, balances, lender practices, and how the repayment plan is handled over time.
Does Money Fit sell my information to lenders or debt companies?
No. Your information stays with Money Fit. Money Fit does not sell your information or send it to a marketplace of lenders or debt companies. Money Fit uses the information you share to respond to your request and review possible next steps.
