DEBT RELIEF GRANTS

With debt so high in this country, folks are trying to locate debt relief grants to get them through the tough times. But does something like that really exist?

When you go online and do a Google search for grants for debt relief, you don't find anything specific. All you find are some spammy websites and some articles that really don't tell you anything or lead you anywhere productive. This lead me to believe there is no such thing and anyone looking for a government program for debt forgiveness is going to be disappointed.

What you can find are private debt consolidation companies that will work with your creditors and hopefully lower the interest rates you are being charged. When you owe lots of money, sometimes the credit card companies will work with you and give you a better payment schedule and interest rates. The thinking here is that they would rather have some money from you than risk maybe getting nothing at all.

People who declare bankruptcy end up being creditor's worst nightmares because they often get nothing from them. Instead of getting nothing, if persuaded, they will sometimes agree to work with you in hopes that you will eventually pay the money back. This is what credit consolidation companies do: they work with your creditors to get better terms for you.

The government does not have any agency like this or any debt relief grants that can give you money to help get you by until you find a job or are in a better financial position. People still look for government help though, as they think the government is the solution to all their problems.