A debt club, also known as a money group is a group of individuals who meet on a regular basis for the purpose of helping each other to reduce their debt. Club members share money-saving techniques, financial planning advice, dealing with credit card debt and how to improve credit scores. Debt clubs are similar to investment clubs in that regular individuals get together to help each other by sharing advice and personal experiences. Unlike some investment clubs, debt clubs do not involve sharing money between members, and therefore involve much less risk, if any.