Government Offers Free Debt Relief Grants For Individuals

Government Offers Free Debt Relief Grants Online For Low Income Individuals

The problem of debt is ever rising in the United States and billions of money remains at stake with debt. Individuals with low income often take loans and later on fail to pay them off due to their daily necessities of life. At this point, the federal government offers assistance through different nonprofit organizations, accredited companies, local and state government, churches and other community action agencies in the form of grants to pay off the debts on individuals.

Debt relief grants for individuals help in maintaining a social parity and helps in narrowing the gap among social classes and provide substantial assistance to struggling families and individuals.

There are ways to seek fund from federal government to eliminate debts.

American Recovery Act: the American Reinvestment and Recovery Act of 2009 was signed by Barack Obama to provide more than $700 billion of federal grants to the low income individuals to pay off their debts and get other regular necessities.

EDA Recovery Act Funding: this grant is a segment of American Recovery Act that offers funds to communities and individuals who have experience certain disastrous experience in losing job due to corporate restructuring.

Minority Business Enterprise Center: this funding helps in subsidizing nonprofit organization with minority leadership. Although it is not one of the free grants for individuals, yet it helps the struggling businessmen.

Senior citizens and minorities: the federal grants levy utmost importance to subsidize the welfare of the disadvantaged citizens such minority groups or senior citizens,

Several solutions are provided by the federal government in paying off these debts such as Credit Counseling and Management. The Federal Citizens Info Center, a service of the U.S. General Services Administration, recommends credit counseling to several Americans who are in debt. The credit counselors act as a medium between creditors and debtors in easing out the terms and conditions of the payment of the debts fitting into the current financial needs of the consumers.

There is a list of Debt Relief Grants which are as follows: 

Medical Care: healthcare is one of the crucial necessities in an individual’s life. Several charities and private companies are offering assistance programs regarding medical requirements. Some of them are: 

• Medical billing advocates

• Hospitals

• Cancer bills by nonprofits

• Consumer credit counseling organizations

• Health Resources and Services Administration

• Health care centers

Grants For Housing Bills: financially crunched individuals often had to give away their last penny to pay rent or monthly mortgage failing which often results in eviction. Nonprofit concerns affiliated by HUD, churches and community agencies help to pay rental debts and other housing expenses to save individuals from eviction through programs like:

• HUD Housing Aid

• Rental help by USDA

• Foreclosure or Eviction Prevention

Grants For Utility and Energy Bills: it is undoubtedly a fact that utility costs are becoming steep everyday and failure to pay off these bills inevitably leads to disconnection of services. In order to control such practices many utility companies offer financial assistance in the form of grants which help the poverty stricken individual to carry on their necessities. Every state and county has utility companies that offer:

• Disconnection prevention

• Debt relief from pending utility bills

Besides there are other debt relief grants for individuals who are unemployed, students, single mothers and veterans. It is time to consult your nearest debt or credit counseling agencies and apply for your free grants to get rid of all your outstanding expenses.

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