Looking for government debt relief programs that can help you to pay off your debts? While it might seem like you should be able to hit up the government for some debt relief like the big businesses and banks do, unfortunately there is no such program available for the average Jane or Joe.
However don’t let that discourage you from finding out what assistance programs you might be able to take advantage of and that can help you to pay down your debt. Some programs are in the form of loans and others in the form of grants, but there is no one particular program available for those in debt so you’ll have to get creative.
Mortgage Debt Relief
This is one area where you may be able to count on the federal government for some help. The U.S. Department of Housing and Urban Development, otherwise known as HUD, does offer some programs to those who are having problems keeping up with their house payments.
There are a few different government debt relief programs to look into so make sure you apply for all that you qualify for to get the most help that is available to you.
Credit counseling might be a good option for you if you are in need of debt management. You need to be careful who you are dealing with because some debt counseling companies claim to offer you a discount that is too good to be true.
And like anything else if it’s too good to be true then it probably is. However you can find reliable companies and even government-run programs that will help you to manage your debt in a way that keeps your life manageable.
Debt settlement can give you the opportunity to settle a debt by an average of 50% if you are able to pay it all at once. You can do this with each person bill one at a time, or you can try to take care of them all at once.
While not all creditors might not be willing to go this route it is certainly an option worth asking about before you overlook it. You’ll find that debt settlement is a good way to get the debt put behind you for good.
Government Debt Relief Scams
Have you seen those commercials that claim to be able to offer you access to government grants for debt relief? They never even give you a hint as to where you can actually find them. They claim that once you buy their guide you’ll find all the information that you need.
If you purchased one, then you know that it’s simply not true. These guides leave you clueless about where to actually find those grants! The reason is simple, it’s because there is no such thing.
Those are a few tips on how to find government debt relief programs — run or approved by the government — and how to recognize if any program is a scam.