How to removed a password encrypted profile on iPhone 4?

I have this IPhone and I can't download apps play games or even enable face time on the phone. It has lots of limits because of a installed configuration profile which makes all of this inactive. I haven't tried a factory reset yet but was wondering if there might be any other way to remove the profile without deleting the data and possibly not removing the profile

No, its not possible

Factory reset is your best option because the only other way is to use WPE and that is some serious hacking equipment, Its not easy and will take a long time. Factory Reset it and back up the files onto PC