Debt Relief Programs
If you’re dealing with debt in New York, you’re not alone. From New York City and Buffalo to Rochester, Albany, and surrounding areas, millions of New Yorkers are managing rising credit card debt, student loans, and high living expenses. At APFSC, we provide tailored, non-profit debt relief and credit counseling services to help you reduce your payments, simplify your finances, and work toward long-term financial stability.
The Growing Debt Problem
The Financial Reality in New York
New York is one of the most expensive states to live in, especially in major cities. Rent, transportation, healthcare, and everyday expenses are consistently higher than the national average. As a result, many residents rely on credit cards or loans to stay afloat. The average credit card debt in New York is over $6,200, while the average student loan debt has climbed to nearly $37,000. About 11.6% of New Yorkers carry active student loan balances.
With inflation pushing prices even higher, many families find themselves in a cycle of minimum payments and rising interest. APFSC is here to help you break that cycle with a proven plan and one-on-one support.
How APFSC Helps New Yorkers Pay Off Debt
Our process begins with a free consultation, where a certified credit counselor evaluates your income, living expenses, and current debt. From there, we design a customized Debt Management Plan (DMP) to consolidate your unsecured debts into one monthly payment—often with reduced interest rates and waived fees.
With a DMP, you’ll get:
- One fixed monthly payment tailored to your budget
- Negotiated lower interest rates with most creditors
- Stopped late fees and collection calls
- A path to becoming debt-free in 3 to 5 years
- Access to budgeting support and financial education
This is not a loan—it’s a smarter way to pay off what you already owe and take back control of your money.
Why New Yorkers Fall Into Debt
- High cost of rent and housing in cities like NYC and Brooklyn
- Medical expenses not covered by insurance
- Job loss or reduced hours in competitive markets
- Reliance on credit to cover commuting and food costs
- Student loan burdens without a clear repayment plan
Talk to a HUD-certified housing counselor to get help with the housing challenges you’re facing.
Why a Debt Management Plan Works
A Debt Management Plan is one of the most effective tools for paying off unsecured debt such as credit cards, medical bills, and personal loans. Instead of juggling multiple payments, you’ll make one monthly payment to APFSC, and we’ll pay your creditors directly—often with reduced rates and better terms.
Benefits include:
- Reduced interest and lower total repayment
- Fewer late fees and eliminated penalties
- Protection from debt collectors and legal threats
- Steady credit score improvement with on-time payments
- Support from certified credit counselors throughout the process
Most clients complete their DMP in 3 to 5 years, depending on the total amount owed and what they can afford each month.
Your Consumer Rights in New York
As a resident of New York, you’re protected under the Fair Debt Collection Practices Act (FDCPA), which prevents harassment, threats, or misleading communication from debt collectors. The state also enforces a statute of limitations—typically six years for unsecured debts—after which legal action to collect may no longer be valid.
If you’re experiencing constant phone calls, wage garnishment threats, or lawsuits, APFSC can help you understand your rights and find the best path forward.
Why Choose APFSC?
As a non-profit organization, APFSC is focused on helping you—not profiting from your situation. We offer judgment-free support, transparent options, and actionable steps to help you get back on track.
When you contact us, you’ll speak with a certified counselor who understands the financial challenges unique to New York. You’ll receive a personalized action plan based on your income, debt, and long-term goals. There’s no obligation, and your first session is completely free.
FAQ
Will a Debt Management Plan hurt my credit score?
Initially, it might dip slightly, but most clients see improvement over time as they make consistent on-time payments.
How long does the program take?
Most people complete their plan in 3 to 5 years, depending on how much they owe.
Can I still use my credit cards?
Once enrolled in a DMP, those accounts are typically closed to help you stay on track.
Is my information kept confidential?
Yes. All consultations and services are private and secure.
Case Studies
Approved agency for all major creditors including:
