Government grant is probably the best idea for consumer debt relief. While most debt relief options involve loans such as home equity loans or personal loans, this idea uses government money to consolidate debts. For this reason there are individual debtors who are interested in getting a grant to pay off debt.
Television commercials, radio ads, and online web sites that announce that you can get “free money” just by writing a letter are signs that there is a lot of interest in this information. There are smart marketers that understand these needs. In order to sell their grant services they tell us that we can get government money to pay for almost anything, including debt consolidation.
Beware of Grant Money Scams
While the US federal government does sponsor assistance programs and gives grants to qualified citizens, not every “government affiliated agency” out there is actually connected to the government. Some of these organizations are just out to get your personal information and use it to turn a profit. Here are two signs that can help you avoid falling for a scammer:
- If they contact you, it’s likely a scam because there is no agency that goes out to contact people at random and give the money away. If you’re contacted by someone claiming to be a government representative, avoid giving them any pertinent personal information.
- If they say the money’s free, it’s a scam. Any agency that offers a grant for free with very few or even no conditions attached is likely a fake because true government grant programs usually need that the applicants pass stringent qualification rules.
Does a Government Grant for Debt Relief Mean Free Money?
A grant for debt relief sounds like easy money, but it’s not as simple as it sounds. If you apply for a grant as an individual you will only be able to apply to grant opportunities that are open to individuals and are necessary to fulfill the requirements of the application process.
The U.S. federal government offers some grants for individuals and these people apply for grants mostly because they need help in their educational expenses. There are consolidation loans from the government that help make student loan repayments easier and more affordable.
Most government assistance programs are available for people looking to start a business or buy a home. In other words, there are no obvious grant programs specifically designed for consumer debt help.
The only grant program “related to” debt relief is the small business grant –for specific businesses that meet the government’s needs. You could start a business using grant money, make a profit and use that profit to pay off your debts.
Other Grant Opportunities available for Individuals
Are you looking for government debt relief help for individuals but official government sources cannot help you find an assistance program that offer money for personal financial assistance or debt relief? Check out the government debt relief options that are available!
What if you cannot get a government grant or financial aid? Don’t worry! This website offers you many tips to help you take control of your finances. You can learn how to create a budget and put extra money to pay off your debts. It may not be as interesting idea as grant money, but you can often pay off debt on your own.