Money Fit by DRS
Money Fit by DRS is a nonprofit 501(c)(3) credit counseling organization founded in 1996 that provides debt management plans, housing counseling, bankruptcy education, and financial education services to individual consumers across all 50 U.S. states. The organization has enrolled 130,000+ clients and consolidated $1.9 billion in debt via a remote-first delivery model.
- Company typePrivate
- Founded1996
- HeadquartersBohemia, United States
- Headcount1–10
- GTM typeB2C
- OfferingServices
What Money Fit by DRS does
Money Fit by DRS is a nonprofit 501(c)(3) credit counseling and debt relief organization founded in 1996 and operated under the parent entity Debt Reduction Services, Inc. Headquartered in Boise, Idaho (with the firmographics-provided Bohemia, NY address also referenced), the organization serves individual consumers across all 50 U.S. states and the District of Columbia through a remote-first delivery model spanning phone, video conferencing, web-based intake, and email counseling. Since inception, Money Fit has enrolled 130,000+ clients in programs, counseled 650,000+ individuals, and consolidated $1.9 billion in debt through nonprofit programs, maintaining a 4.95/5 average rating across 657+ Google reviews.
The company's core service is nonprofit Debt Management Plans (DMPs) that consolidate eligible unsecured debts (credit cards, medical bills, payday loans, collections) into a single monthly payment without issuing new loans, with Money Fit negotiating reduced interest rates and fee concessions from participating creditors including Discover, American Express, Chase, Citi, Wells Fargo, Capital One, USAA, Bank of America, and Synchrony. Supporting service lines include HUD-approved housing counseling (pre-purchase, mortgage readiness, HOEPA, HECM reverse mortgage, foreclosure prevention), federally required bankruptcy pre-filing and post-discharge counseling courses ($50/case), free credit report reviews with optional paid upgrades ($50-$150), and a comprehensive financial education platform of self-paced courses, calculators, simulators, how-to guides, a weekly podcast, and an annual $1,000 national scholarship. Specialty sub-products offer fee waivers for active-duty military (no fees), veterans, first responders, and teachers (50% enrollment discount).
Money Fit generates revenue from four streams: (1) Debt Management Plan enrollment and monthly participation fees from consumers (not publicly disclosed), (2) fair share contributions from participating creditors—a standard nonprofit credit counseling industry practice, (3) one-time fees for housing counseling ($75-$159) and bankruptcy education ($50/case), and (4) freemium upgrades on credit report analysis ($50-$150). The organization operates with a lean team of 1-10 employees, holds BBB accreditation and memberships in NFCC and FCAA, and is registered with NMLS (ID 1006969). GTM is direct-to-consumer and community-led, relying on content marketing (374+ blog articles), organic SEO across state-specific landing pages, and free educational resources as the top-of-funnel acquisition engine.
Money Fit by DRS firmographics
Firmographics- Name
- Money Fit by DRS
- Legal name
- Debt Reduction Services, Inc.
- Website
- https://moneyfit.org
- Company type
- Private
- Founded year
- 1996
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Money Fit by DRS is a nonprofit 501(c)(3) credit counseling organization founded in 1996 that provides debt management plans, housing counseling, bankruptcy education, and financial education services to individual consumers across all 50 U.S. states. The organization has enrolled 130,000+ clients and consolidated $1.9 billion in debt via a remote-first delivery model.
- Ownership category
- akta.pro rank
Money Fit by DRS industry classification
Industry- Product category
- Nonprofit Credit Counseling
- SIC
- Services-Consumer Credit Reporting, Collection Agencies (7320)
- akta.pro primary industry
- Credit Counseling & Debt Management Plans (DMP) (FSAKAJAH)
- akta.pro secondary industries
- Consumer Credit Counseling & Budgeting (FSAEAFAA), Debt Management Plans (DMP) & Consolidation Programs (FSAKAIAJ), Reverse Mortgage Counseling & Consumer Education (HUD-Approved) (FSALAIAG)
Keywords
Where Money Fit by DRS is headquartered
LocationHeadquarters
- HQ city
- Bohemia
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Money Fit by DRS business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others
Revenue model
- Debt Management Plan Fees: Fees charged to consumers who enroll in nonprofit debt management plans. These fees are explained before enrollment and may vary by state, program rules, and household situation. The organization states it may receive fair share contributions from some creditors.
- Fair Share Contributions from Creditors: Money Fit may receive fair share contributions from participating creditors when consumers enroll in debt management plans. This is a common nonprofit credit counseling industry practice where creditors contribute to the cost of the program.
- Financial Education Services: Free financial education is provided at no cost. Some premium educational offerings and certificates may have nominal fees, such as the $100 eHome America homebuyer education course and $50 bankruptcy counseling courses.
- Housing Counseling Services: HUD-approved housing counseling services with nominal fees ranging from $75 to $159 depending on the service type. Some services are free (foreclosure prevention, homelessness counseling, basic webinars).
- Credit Report Review Services: Free credit report reviews are provided as part of the nonprofit education mission. Optional paid upgrades include Written Credit Report Analysis ($50) and Strategic Plan for Building or Rebuilding Credit ($150).
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Monthly | Free core services including credit counseling, financial education, free credit report review, and basic webinars |
| One time/ perpetual license | Pay-as-you-go | Bankruptcy Counseling Certificate Courses |
| One time/ perpetual license | Pay-as-you-go | Housing Counseling Services |
| Freemium | Pay-as-you-go | Premium Credit Report Analysis |
| Subscription | Monthly | Debt Management Plan Enrollment |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels8 records
Money Fit by DRS product offering
Product offeringCore offering
Money Fit by DRS is a nonprofit 501(c)(3) credit counseling organization that delivers confidential credit counseling, structured Debt Management Plans (DMPs), HUD-approved housing counseling, federally required bankruptcy counseling and debtor education, and free credit report reviews. The organization works directly with creditors to negotiate reduced interest rates and fee concessions, consolidating eligible unsecured debts into one monthly payment for consumers without taking out new loans. Supporting offerings include free financial education courses, budget calculators, how-to guides, and specialized counseling with fee waivers for military, veterans, first responders, and teachers.
Product overview
Money Fit by DRS is a nonprofit 501(c)(3) credit counseling organization offering a comprehensive suite of financial counseling and education services. The core offerings center on nonprofit credit counseling and Debt Management Plans (DMPs) for managing unsecured debts without new loans. The organization provides specialized programs for military/veterans (with fee waivers), first responders, and teachers (all with 50% discounts). Supporting services include HUD-approved housing counseling (pre-purchase, mortgage readiness, HECM, HOEPA), bankruptcy counseling courses, free credit report reviews, and a robust Financial Education platform featuring self-paced courses, calculators, games/simulators, how-to guides, and video content. Additional offerings include the Money Fit Show podcast and an annual $1,000 National Scholarship. The portfolio is structured around human-led counseling services augmented with self-service digital education tools.
Differentiator
Problem solved
Functional benefit
Products and services
- Nonprofit Credit Counseling
- Debt Management Plan (DMP)
- Debt Relief Services
- Housing Counseling
- Bankruptcy Counseling
- Free Credit Report Review
- Financial Education Courses
- Budget Calculators
- Payday Loan Consolidation
- Collection Debt Help
Quantifiable outcome
- $1.9 billion in debt consolidated through nonprofit programs
- +4 more outcomes
Companies that use Money Fit by DRS
Customer profileNamed customers4 records
Segments7 records
Ideal customer profiles5 records
Money Fit by DRS technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Money Fit by DRS partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- Major Credit Card Issuers and CreditorscoreMoney Fit maintains working relationships with major credit card issuers including Discover, American Express, OneMain, Credit One, Wells Fargo, USAA, Capital One, U.S. Bank, Citi, Chase, Bank of America, and Synchrony. These creditors participate in nonprofit debt management plans when consumers enroll, potentially offering reduced interest rates and fee concessions. Creditor participation and concessions vary by account and creditor.
- Payday LenderscoreMoney Fit works with payday lenders including Advance America, Moneytree, eLoan Warehouse, Spotloan, Credit Ninja, Bright Lending, and CashNetUSA to consolidate payday loans into structured repayment plans. These lenders participate in debt management plans when eligible, helping borrowers break the payday loan cycle.
- National Foundation for Credit Counseling (NFCC)coreOrganizational membership in NFCC, a national body promoting professional standards in credit and debt counseling. Membership indicates adherence to industry standards and provides access to industry resources and best practices.
- Financial Counseling Association of America (FCAA)coreOrganizational membership in FCAA, demonstrating commitment to professional standards in financial counseling and access to industry resources, training, and advocacy.
- HUD (U.S. Department of Housing and Urban Development)coreMoney Fit is a HUD-approved nonprofit housing counseling agency, authorized to provide housing counseling services including pre-purchase, foreclosure prevention, reverse mortgage (HECM), and HOEPA counseling.
- eHome AmericaminorExternal provider for the Homebuyer Education Course required by some lenders and programs. Money Fit refers clients to eHome America for this $100 external course. Registration is non-refundable.
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
Money Fit by DRS competitors and assessment
Company assessmentDirect peers
- Cambridge Credit Counseling Corp. Nonprofit credit counseling and debt management agency operating in multiple states with comparable DMP and counseling offerings to Money Fit.
- InCharge Debt Solutions: Nonprofit credit counseling organization offering DMPs, housing counseling, and financial education; competes head-to-head with Money Fit for the same consumer debt and housing client base.
- Take Charge America: Nonprofit credit counseling agency providing DMPs, housing counseling, and financial education nationwide — direct competitor for HUD-approved housing clients and DMP enrollees.
- GreenPath Financial Wellness: Nonprofit 501(c)(3) credit counseling agency offering DMPs, housing counseling, and financial education across all 50 states — a near-identical service portfolio and mission to Money Fit.
- Money Management International: One of the largest nonprofit credit counseling agencies in the U.S., providing DMPs, housing counseling, bankruptcy education, and financial coaching — directly overlapping Money Fit's core offerings.
- Clearpoint Credit Counseling Solutions: Nonprofit credit counseling agency providing DMPs, housing counseling, bankruptcy education, and student loan counseling — a direct twin of Money Fit's nonprofit service stack.
- Consolidated Credit: Nonprofit credit counseling organization with DMPs, financial education, and HUD-approved housing counseling services — closely comparable to Money Fit's geographic and product reach.
- American Consumer Credit Counseling (ACCC): Nonprofit credit counseling agency offering DMPs, housing counseling, bankruptcy education, and financial literacy programs targeted at the same consumer segments Money Fit serves.
Broad incumbents
- National Debt Relief: Large for-profit debt settlement company aggressively marketing to the same consumer segments Money Fit serves with DMPs; serves as the primary for-profit alternative competing for inbound debt leads.
- Freedom Debt Relief: Leading for-profit debt settlement firm and major paid-search advertiser in the consumer debt space; represents the broader for-profit competitive set competing with nonprofit DMP counseling.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Money Fit by DRS social profiles
Digital presenceMoney Fit by DRS financial estimates
Financial estimateRevenue estimate
Valuation estimate
Money Fit by DRS leadership team
Management profileNumber of profiles
Money Fit by DRS funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Money Fit by DRS M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Money Fit by DRS
What does Money Fit by DRS do?
Money Fit by DRS is a nonprofit 501(c)(3) credit counseling organization that delivers confidential credit counseling, structured Debt Management Plans (DMPs), HUD-approved housing counseling, federally required bankruptcy counseling and debtor education, and free credit report reviews. The organization works directly with creditors to negotiate reduced interest rates and fee concessions, consolidating eligible unsecured debts into one monthly payment for consumers without taking out new loans. Supporting offerings include free financial education courses, budget calculators, how-to guides, and specialized counseling with fee waivers for military, veterans, first responders, and teachers.
Is Money Fit by DRS a public or private company?
Money Fit by DRS is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Money Fit by DRS founded?
Money Fit by DRS was founded in 1996. It employs 1 to 10 people.
Where is Money Fit by DRS based?
Money Fit by DRS is headquartered in Bohemia, United States, in the North America region.
How does Money Fit by DRS make money?
Five revenue lines are on record. Debt Management Plan Fees are the primary driver. The others are fair Share Contributions from Creditors, financial Education Services, housing Counseling Services and credit Report Review Services.
Who are Money Fit by DRS's main competitors?
Direct peers on record are Cambridge Credit Counseling Corp., InCharge Debt Solutions, Take Charge America, GreenPath Financial Wellness, Money Management International, Clearpoint Credit Counseling Solutions, Consolidated Credit and American Consumer Credit Counseling (ACCC). Broad incumbents are National Debt Relief and Freedom Debt Relief.
Does Money Fit by DRS have an API?
No public API is recorded for Money Fit by DRS.
What industry is Money Fit by DRS in?
Money Fit by DRS's product category is Nonprofit Credit Counseling. Its primary akta.pro industry code is FSAKAJAH, Credit Counseling & Debt Management Plans (DMP), with a secondary code of FSAEAFAA, Consumer Credit Counseling & Budgeting. Its SIC code is 7320.