As you've seen how the government responded to the mortgage crisis, they also offer debt grants to help people avoid spiraling out of financial control.
While people were getting bailed out from losing their homes, others are quietly claiming thousands of dollars in free grant money to become debt free.
These government agencies providing debt grants are in charge of making sure the American economy continues to run smoothly and grow at a competitive rate.
When too many people have expenses that exceed their income, that has a detrimental affect on the economy.
America just cannot grow.
Which is why the government provides debt relief and debt grants to help individuals and families from defaulting on their loans, filing for bankruptcy, or destroying their credit.
It's just a matter of time before people who have too much debt are not able to afford even the minimum payments on their homes, cars and credit cards.
As a result, the trickle down affect occurs and they lose their jobs because of lack of transportation, and they find themselves in a financial position that they just can't escape on their own.
Unfortunately, these grants are not available to everyone.
There are a variety of grant programs with different terms, but you have to at least be 18 years old and an American citizen.
Beyond that, the terms vary from program to program.
Most, however, do not require a down payment, credit check or any kind of collateral.
Since debt grants are not loans, you may never be asked to repay the money so the government does not need any type of collateral.