Debt Relief

 

 

If you are like millions of other Americans, you may be indebt.  The economy is in trouble.  For many, it appears to be spiraling out of control.  Millions of Americans are losing their homes, losing their jobs, and some are unable to pay their utility bills, let alone feed their families.  If debt is a problem you face, you may turn to the internet to seek help.  Unfortunately, you will find a lot of inaccurate information.  One piece of information you will find concerns government grants.  Many websites and for sale products claim you can get debt relief grants from the government, but can you really?  No.

 

Grants.gov is the leading resource for finding information on government grants.  The United States government operates this website.  You will find detailed information free of charge.  Not only can you browse and search for grants, but you can apply for them too.  By visiting and browsing the website, you will see hundreds of thousands of government grants.  Some grants are available to individuals, but most are designed for state and local governments, colleges and universities, school districts, small business owners, Native American governments and organizations, and non-profit organizations.  The grants that do exist for individuals are usually centered around improving the community and environment.  For example, you may find grants to improve and conserve water, improve the process of growing organic foods, and reduce community violence.

 

What you will not find available on the Grants.gov website is debt relief grants from the government.  Since these grants do not technically exist, why do many websites and late night infomercial products claim they do?  For starters, there is inaccuracy.  Some individuals mistakenly believe there are government grants to pay debts.  They may have seen these online or on television.  They believe they are doing a good deed by spreading the word online.  Unfortunately, they were likely misinformed.  On the other side of the fence, you will find those who try to profit from the growing need of debt relief.  Many late night infomercial products are scams.  A product selling information on government grants may not necessarily be a scam, but it is a waste of money, especially if that product claims government grants will help you get out of debt.

 

Honestly, the only instance in which you may find debt relief grants from the government is if you are a small business owner or a non-profit organization.  Once again, this is rare.  Most grants serve a purpose.  If your small business or non-profit organization helps the government serve this purpose, they may be willing to extend a helping hand.  If your organization help families of those suffering from autism, there may be autism related grants that can help keep your business or non-profit organization afloat.

 

Since it is rare to find government grants to pay debt, you may feel as if you hit a roadblock.  Will you ever get out of debt?  Yes.  How?  First, take the old fashion approach of reducing your expenses and saving money.  Millions of Americans waste money on junk food, beverages, expensive television and internet packages.  You do not necessarily need to go without, but try to change your habits.  You will start to notice increased saved money, which you can put towards your debt.  Although you are indebt, some financial lenders are willing to extend debt consolidation loans to individuals like you.

 

Also, many government programs are designed to help qualifying individuals save money.  If you are classified as a low-income individual, you may be able to receive assistance from the federal or state government for heating costs, health care, and food.  If you believe you qualify for these programs, which you can determine by contacting local officials, apply.  Even if you are only able to reduce your heating bill by $20 a month, it is still $240 saved by the end of the year.  You can put that money towards repaying your debt.