Financial Resource

Many Americans are drowning in debt without a life preserver. Most debtors dream of being able to pay off all of their creditors without declaring bankruptcy. Some turn to government grants for help. Every year the government sets aside billions of dollars to be distributed to government institutions, private organizations, and individuals in the form of grants.

Government grants are available for various situations. For individuals and families, there are grants to help with student loans, health care bills, and mortgage/foreclosure. The government will grant money for these programs because it stimulates the economy. People who are riddled with debt spend less money. The less people spend money the lower the demand becomes for goods and services. When demand lessens, the economy depresses. The government prefers to ensure that its citizenry has enough money to spend so that the economy remains flush.

Rarely do Americans just fill out a form and get a check to pay off all their bills. Governmental monetary benefits just do not work that way (with the exception of tax rebates). Normally, the government will issue a grant to private, non-profit, or government institutions to provide relief to Americans. Those in debt need to pay careful attention to where the grant money is going so as to ascertain where help can be obtained.

A search for government debt relief starts at CFDA and Gov Grants. These two web sites list the government grants and benefits programs available and provide information on how to apply for funding.

So far, any grant money allocated for credit card and unsecured loan relief is given to credit consultation firms. These organizations receive funding to assist individuals and families with budgeting and debt management. But, this could change. Grant availability changes with the whims of the government, so check the web sites frequently.

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