This Article is About
credit card debt
debt consolidation
unsecured loans
debt relief
spending money
debtors
several factors
billions of dollars
Government Debt Relief Programs
Join 1000's of Authors at StreetArticles Today!

Are you wondering if you qualify for any Government debt relief programs? In this article, I will shed light on the Government debt relief programs, their policies and also list some of the criteria for qualification.

With the number of unemployment spiraling out of control and the state of the US economy, you may face a situation where debt piles up so much that you are now having troubles making ends meet.

Government debt relief programs may be the way out if you are receiving multiple calls from debtors and are worried about losing your home and property. Even you have a personal debt and mortgage debts, the Government debt relief programs will help you deal with the situation. But, it does not come that easy. There are some things you need to know about Government debt relief programs.

The trend that has been with the US is to buy on credit, and spending money that they do not have. Because of the spending patterns that are inherent in the US, the average consumer is piling up debt. So, many consumers turn to debt consolidation to eliminate their debt. This can help in your favor if the interest rate is lower. But, debt consolidation will focus on unsecured loans like credit card debt by using existing assets like mortgage on a house as collateral.

Government debt relief programs can be an option to consider. Every year, the government sets billions of dollars to offer aid to people in debt, in the form of Government debt relief programs.

The Internet as well as most government agencies accepts application for Government debt relief programs. Once you fill out an application, several factors are considered when you make a decision as regards your eligibility for aid. You need to be 18 years of age, must be a US citizen, your eligibility for financial bid, outstanding debt which cannot be paid on your income.

Based on the details you provide which include your plans for the grant money, a government agency will decide whether or not you qualify under the conditions for debt relief. President Obama's Government debt relief programs will give the much needed shot in the arm for the struggling US economy, where millions are out of jobs and wallow under crippling debt without hope of being able to repay their debts.

Enroll in one of Government debt relief programs today. It is a better option than filing bankruptcy. There could be options that you are not aware of but, which will help you reduce, renegotiate or better manage your debt much more effectively. Make an informed decision now as you take stocks of all the options at your disposal.


Street Talk

No comments present
You May Also Like
Tips on How To Avoid Credit Card Debt Lawsuits
Charges in relation to CC debt are usually caused by ignoring the summons. If debtors continuously ignore the court summons, it gives junk debt buyers the reason to go after them and collect the debt. Junk debt buyers and collection agencies usually expect an easy victory with the court ruling…
By: Vivienne Knoxville in  Legal  >  National State Local   Mar 08, 2012  
1
  Likes: 1

How To Answer A Summons for Credit Card Debt
A credit card company may file a lawsuit against delinquent borrowers whose accounts are substantially past due. If you are a subject of a lawsuit, you will receive a court ordered summons. Summons is a notification that you have to appear in court. A summons may be served by the…
By: Vivienne Knoxville in  Legal  >  National State Local   Mar 13, 2012  
1
  Likes: 3

Sued For Credit Card Debt? Don’t Make A Payment
Dealing with credit card lawsuit that is out of statute? If you are one of the thousands of Americans who are facing credit card lawsuit for unpaid debts, it is important to know the rules your state and local laws you can use against abusive junk debt buyers and/or collection…
By: Vivienne Knoxville in  Legal  >  National State Local   Jun 13, 2012  
1
  Likes: 1

Credit Card Debt Basics: On Debt Responsibility
It’s not surprising that many debt collection companies will try to take advantage of grieving families to cash in on a deceased’s account. In fact, some do call up a grieving family member and would try to use the deceased’s name to make their kin pay for the outstanding balance.…
By: Vivienne Knoxville in  Legal   Jul 31, 2012  
0
  Likes: 0

Got Served A Summons for Credit Card Debt? Don't Call Your Creditor Just Yet!
Getting served a summons for credit card debt is definitely a stressful situation and often times; it leaves debtors in confusion as to what steps they need to take to resolve the problem. Unfortunately, many will try to contact the collection company or collection attorney and try to work out…
By: Vivienne Knoxville in  Legal  >  National State Local   Apr 11, 2012  
0
  Likes: 3

7 Ways To Eliminate Credit Card Debt
Debt tends to be something that many people get into very easily, so they eventually look for a good debt solution to relieve the monetary stress they have caused for themselves. Unfortunately, credit card debt is much easier to get into than out of since getting into debt usually means…
By: David Dicristo in  Finance  >  Debt Relief   Sep 03, 2012  
0
  Likes: 0

Credit Card Debt: How To Avoid The Cycle Of Debt
The numbers of people who are facing mounting credit card debts are on the rise. While it’s true that credit cards have numerous benefits, it can cause one’s financial situation to spiral out of control quickly if he or she is not able to use credit cards responsibly. Because credit…
By: Vivienne Knoxville in  Legal  >  National State Local   Mar 08, 2012  
0
  Likes: 0

Credit Card Debt Basics - On Debt Responsibility II
Receiving a collection call for a deceased family member’s unpaid balance does throw someone off the loop. The first thing that comes to mind when receiving a debt claim after recently losing a family member is if you are really responsible for it or not. Unfortunately, some debt collectors are…
By: Vivienne Knoxville in  Finance   Aug 05, 2012  
0
  Likes: 0

Credit Card Debt: Lawsuits, Procedures And Payment
Old credit card debts have to be settled right away otherwise, it can cause negative impact on your credit score and history. Worse, creditors could file a credit card lawsuit if the debt is not repaid for long periods. The good news is, it is possible to repay old credit…
By: Vivienne Knoxville in  Legal   Aug 27, 2012  
1
  Likes: 0

When A Summons for Credit Card Debt is Unanswered
If you did not file an answer to the summons for credit card debt sent by your creditor within the given time, usually 20 days in most states, your creditor will win the case by default. Once they win the case, they do not waste time, collecting the money as…
By: Vivienne Knoxville in  Legal  >  National State Local   Mar 09, 2012  
0
  Likes: 0

How To Minimize Credit Card Debt
Unpaid credit card debts are a lawsuit waiting to happen. Save yourself from a lot of headache and learn what you can do to reduce your credit card debt quickly and efficiently. Check The Statements Not only should you check your credit card statement but also your bank statements. The…
By: Vivienne Knoxville in  Legal  >  National State Local   Mar 16, 2012  
0
  Likes: 0

Is Debt Consolidation A Good Idea for Credit Card Debt?
Yes, or well, the more accurate answer is that it certainly can be. It depends on how you handle the debt consolidation process through to the end. Debt consolidation is a process where you get some new financing and use it to pay off all of your old debts, in…
By: Jennifer4 in  Finance  >  Credit   May 30, 2012  
0
  Likes: 1

How to Fight A Credit Card Lawsuit: Answer Your Request for Admissions
If you are facing a possible lawsuit from unpaid credit card debt account, it is important to learn how to fight a credit card lawsuit. You’d be surprised at how easy it is. Of course, you need to remember two things when learning how to fight a credit card lawsuit,…
By: Vivienne Knoxville in  Legal  >  National State Local   Apr 03, 2012  
0
  Likes: 2

Debt Collectors: Rising Complaints For Abusive Collection Tactics
According to the Federal Trade Commission, gathered by the Consumer Financial Protection Bureau, debt collectors have the highest number of consumer complaints. Both the Consumer Financial Protection Bureau and the Federal Trade Commission gathered all data and found that debt collectors routinely violate the FDCPA for their aggressive and unsavory…
By: Vivienne Knoxville in  Finance  >  Credit Tips   Jul 12, 2012  
1
  Likes: 0

Consolidating Credit Card Debt – A Simple Way To Save Money?
Debt is something that has to be properly managed or it can quickly spiral out of control. Credit card debt is a huge burden on consumers these days. There are millions of people looking for ways to consolidate their credit card debt to try and help get their finances under…
By: Lacey Wolf in  Finance  >  Debt Consolidation   Jul 09, 2012  
20
  Likes: 3

Article Views: 5021    Report this Article