Archive for February, 2013
Are you struggling to come out from the trap of overwhelming debt? If so, then you can rely on government grant to manage your financial liabilities. The government grants are designed for distressed consumers who are drowning in the sea of debt. The credit reports of the debt stricken consumers are blemished due to insurmountable amount of debt.
If you’re in a similar situation, then apply for a government grant to eliminate your financial woes. The major benefit of these grants is that you’re not required to pay back. If you’re wondering whether you can use the grant to pay off your debts, then read the article.
A sneak peak on federal government grant:
1. You need to be a U.S citizen to be eligible for a federal grant. You can find more information on grants and funds from the government agencies’ website like CFDA.gov and Grants.gov. Make sure you keep the required documents ready like proof of income, monthly credit payments and total amount of loans. These agencies may review your grant application along with the personal information to know whether you’re eligible for a debt relief grant.
If you qualify for the grant, then the government may pay full or part of your debts. Make sure you find reputable government financial aid agencies as they can help you avoid scam. You need to be cautious of the scam agencies, as they target the vulnerable debtors to get their personal and financial information.
2. Mr. President’s stimulus package is really beneficial for the distressed borrowers. This grant creates an opportunity for the US citizens who’ve incurred minimum of $10,000 debt. In order to obtain the grant, you need to prove that you’re unable to pay off the debts.
Know how to apply for government grant:
• You need to provide your social security card, birth certificate as well as tax papers of last three years. You’re required to give basic information like the number of people resides in your household.
• Before you apply for a government grant, you need to know that there is no grant labeled specifically to pay off debts.
• Most of the grant programs ran by the state or county can help you pay off your bills. You can find more information on the state government website.
• In case of hospital bills, you can talk to the authorities to get any fund available though the hospital. Remember, the hospital bills can be paid through emergency Medicaid funds through County Assistance.
• The low income families can qualify for direct state assistance programs. Average income families can qualify for clinics that are paid by a sliding fee scale. The sliding fees depend on the amount a family can afford to pay for a service and the amount is really very small.
Therefore, you need to keep the above mentioned points in mind when you plan to apply for a government grant to eliminate your financial liabilities. If you qualify for a government aided program, then you’re not required to pay back the grant.