Government Grants for Debt Relief - How to Find Debt Relief Help From the Government
Do you have personal debt? If so, then you're likely willing to get debt relief from any and all possible sources.
One of your options is government grants for debt relief.
In fact, you might be surprised that such sources of debt relief actually exist.
They do.
That said, you'll unlikely find a single grant from state or federal governments, which can completely erase your current debt.
Still, every bit helps when you're trying to climb out of debt.
The key is to know the best steps to take, in order to find such government grants for debt relief.
Here are some of the best sources that will help you to achieve that mission: 1.
USA's federal government website This single source can provide you with tons of information about debt-relief programs of the federal government.
Simply do a search for "debt relief" to learn about different ways you can apply for federal debt-relief.
This includes information about dealing with different types of debt, including:
Companies specializing in government assistance programs Such companies focus on providing information about various government-based programs that help people to pay off their debts.
These companies can vary quite significantly, so it's important to know how to find the most effective ones.
Avoid those companies that simply send you a packet about the different government assistance programs available to you.
Instead, look for ones that will actively help you to find the best government programs for debt-relief.
3.
Department of Education Due to the skyrocketing costs of college and university tuition, today's students aren't just graduating with a diploma-but also more debt.
Fortunately, the USA's Department of Education can help, by providing assistance in consolidating your student debt.
This reduces multiple student loan payments into a student payment, and typically provides you with a much lower interest rate.
That said, it's important to note that the federal government can only provide help in consolidating student loans that were granted by the federal government.
Any student loans that you received from the private sector are ineligible for such programs.
4.
Department of Housing and Urban Development Due to the subprime mortgage fiasco perpetrated by mortgage providers, HUD now has some new federal programs to lend a helping hand to homeowners who are having problems making their mortgage payments.
Many financial experts have argued that the mass issuing of subprime mortgages was the cause of the "Great Recession" of the late 2000s, while others argued that the problem was more systemic.
But that's another story.
The good news is that HUD is now providing welcome assistance for those who need help in turning the nightmare of mortgage-based debt, into dream homes.
5.
Home Affordable Modification Program (HAMP) This program was created to help homeowners to avoid foreclosure, by making adjustments to their mortgage.
6.
Home Affordable Foreclosure Alternatives (HAFA) This is a complex program that includes several guidelines that the Treasury Department has set.
7.
Making Home Affordable Program (MHA) MHA is a new program that the USA's federal government launched in 2009.
By completing a basic questionnaire, applicants can determine whether or not they're eligible for the program.
The two parts of the program are
One of your options is government grants for debt relief.
In fact, you might be surprised that such sources of debt relief actually exist.
They do.
That said, you'll unlikely find a single grant from state or federal governments, which can completely erase your current debt.
Still, every bit helps when you're trying to climb out of debt.
The key is to know the best steps to take, in order to find such government grants for debt relief.
Here are some of the best sources that will help you to achieve that mission: 1.
USA's federal government website This single source can provide you with tons of information about debt-relief programs of the federal government.
Simply do a search for "debt relief" to learn about different ways you can apply for federal debt-relief.
This includes information about dealing with different types of debt, including:
- mortgages,
- vehicle loans,
- credit card debt,
- student loans,
- non-profit companies.
Companies specializing in government assistance programs Such companies focus on providing information about various government-based programs that help people to pay off their debts.
These companies can vary quite significantly, so it's important to know how to find the most effective ones.
Avoid those companies that simply send you a packet about the different government assistance programs available to you.
Instead, look for ones that will actively help you to find the best government programs for debt-relief.
3.
Department of Education Due to the skyrocketing costs of college and university tuition, today's students aren't just graduating with a diploma-but also more debt.
Fortunately, the USA's Department of Education can help, by providing assistance in consolidating your student debt.
This reduces multiple student loan payments into a student payment, and typically provides you with a much lower interest rate.
That said, it's important to note that the federal government can only provide help in consolidating student loans that were granted by the federal government.
Any student loans that you received from the private sector are ineligible for such programs.
4.
Department of Housing and Urban Development Due to the subprime mortgage fiasco perpetrated by mortgage providers, HUD now has some new federal programs to lend a helping hand to homeowners who are having problems making their mortgage payments.
Many financial experts have argued that the mass issuing of subprime mortgages was the cause of the "Great Recession" of the late 2000s, while others argued that the problem was more systemic.
But that's another story.
The good news is that HUD is now providing welcome assistance for those who need help in turning the nightmare of mortgage-based debt, into dream homes.
5.
Home Affordable Modification Program (HAMP) This program was created to help homeowners to avoid foreclosure, by making adjustments to their mortgage.
6.
Home Affordable Foreclosure Alternatives (HAFA) This is a complex program that includes several guidelines that the Treasury Department has set.
7.
Making Home Affordable Program (MHA) MHA is a new program that the USA's federal government launched in 2009.
By completing a basic questionnaire, applicants can determine whether or not they're eligible for the program.
The two parts of the program are
- mortgage refinancing,
- mortgage modification.
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