There has been a lot of misinformed folks going around these days thinking they can obtain debt relief grants.
Some people believe that the government will give them money to clear up their debt.
Unfortunately that is just not going to happen.
However there may be other ways that the government can help you.
Read on to learn more.
Grants The federal government will not come to your rescue just because you are in debt, but you may qualify for a financial grants for other purposes.
Grants that may help you out of some financial difficult times.
There are 26 government agencies that issue grants for different purposes.
Many of these are set up to make grants for community projects, for example in the arts or community development.
Others are research grants, for hospitals or doctors carrying out research into health and disease.
However some grants are available to individuals.
You have to be in certain situations to qualify for these grants.
For example there is disaster prevention and relief for people who have lived through disasters such as tornadoes, hurricanes, or fires.
Other grants may be available for housing or for starting up your small business.
You can see what grants are available at: grants.
gov.
For other possible government benefits take a look at: benefits.
gov.
Loans There are also government loan programs available.
While this will not get you out of debt it may help by getting you a better interest rate than what you are presently paying on those credit cards.
Well worth checking out to see if you qualify to obtain a loan at a much better rate of interest than what your paying now.
These are usually for specific purposes such as business, housing and education (student loans).
It certainly is worth the trouble to look into and see what is available.
Some of the government loans are set up through your local banks, so again check into this by asking to see if they are affiliated with any government loan programs that may help your particular situation.
You can find information about these loans at govloans.
gov Debt Relief Agencies There are many debt relief agencies that have nothing to do with the federal or state government but may have a name that makes you think they are a government agency.
Be cautious in dealing with any of these.
Some of these agencies are totally legit but others may be trying to put you further in debt by just taking more money from you.
Shop carefully! You can be fairly sure that if a website ends in .
gov it is a government website.
If you are in doubt, check the terms of the website or ask them.
If an agency charges you a fee for finding you a grant or helping you get out of debt, it is a sign that you are probably just dealing with a commercial debt counselor or debt relief agency.
They may be able to help you reduce your debts but they will charge you something for their time.
You have to decide if this is likely to save you enough money, time, and or financial stress to make it worth while to you overall.
Sometimes a company may advertise that they have government debt relief available.
What they will usually offer to do is buy your debt from the credit card companies at a reduced rate, then set you up with payments to them.
Some do little more than give advice on declaring bankruptcy.
This may be regulated by the federal government but it is not a grant.
For most people there are better ways of getting out of debt than bankruptcy.
Always shop carefully and check out all your options! Even if it comes as bad news, it is better to know the truth about the options that are available to you.
There really no such thing as government debt relief grants.
Please do not waste your money buying those list of government grants you see all over the place.
Some people believe that the government will give them money to clear up their debt.
Unfortunately that is just not going to happen.
However there may be other ways that the government can help you.
Read on to learn more.
Grants The federal government will not come to your rescue just because you are in debt, but you may qualify for a financial grants for other purposes.
Grants that may help you out of some financial difficult times.
There are 26 government agencies that issue grants for different purposes.
Many of these are set up to make grants for community projects, for example in the arts or community development.
Others are research grants, for hospitals or doctors carrying out research into health and disease.
However some grants are available to individuals.
You have to be in certain situations to qualify for these grants.
For example there is disaster prevention and relief for people who have lived through disasters such as tornadoes, hurricanes, or fires.
Other grants may be available for housing or for starting up your small business.
You can see what grants are available at: grants.
gov.
For other possible government benefits take a look at: benefits.
gov.
Loans There are also government loan programs available.
While this will not get you out of debt it may help by getting you a better interest rate than what you are presently paying on those credit cards.
Well worth checking out to see if you qualify to obtain a loan at a much better rate of interest than what your paying now.
These are usually for specific purposes such as business, housing and education (student loans).
It certainly is worth the trouble to look into and see what is available.
Some of the government loans are set up through your local banks, so again check into this by asking to see if they are affiliated with any government loan programs that may help your particular situation.
You can find information about these loans at govloans.
gov Debt Relief Agencies There are many debt relief agencies that have nothing to do with the federal or state government but may have a name that makes you think they are a government agency.
Be cautious in dealing with any of these.
Some of these agencies are totally legit but others may be trying to put you further in debt by just taking more money from you.
Shop carefully! You can be fairly sure that if a website ends in .
gov it is a government website.
If you are in doubt, check the terms of the website or ask them.
If an agency charges you a fee for finding you a grant or helping you get out of debt, it is a sign that you are probably just dealing with a commercial debt counselor or debt relief agency.
They may be able to help you reduce your debts but they will charge you something for their time.
You have to decide if this is likely to save you enough money, time, and or financial stress to make it worth while to you overall.
Sometimes a company may advertise that they have government debt relief available.
What they will usually offer to do is buy your debt from the credit card companies at a reduced rate, then set you up with payments to them.
Some do little more than give advice on declaring bankruptcy.
This may be regulated by the federal government but it is not a grant.
For most people there are better ways of getting out of debt than bankruptcy.
Always shop carefully and check out all your options! Even if it comes as bad news, it is better to know the truth about the options that are available to you.
There really no such thing as government debt relief grants.
Please do not waste your money buying those list of government grants you see all over the place.
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