Government money is out there in the form of grants, but many people don't understand this.
The issue for most is that they just do not believe that the federal government is willing to hand out cash to people who are looking for this type of support.
These folks would rather toil away with their overwhelming credit card debt instead of exploring the options that exist.
If the government is handing out debt relief money, how do you qualify for it? The process is somewhat involved, so you will have to understand what it takes to qualify under the regulations.
Putting in an application The first step is obviously to file an application.
You cannot get approved unless you try, so fill one out and let it go from there.
With that application, you will need to show that you have no ability to pay off your loans given the current state of your finances.
This means that you will have to get very honest about where you stand financially in terms of assets, cash flow, and your expenses versus income.
These things are highly personal, but you will need to reveal them to the government assessors when you apply for grants.
The interesting thing about the government grant process is that they will take a hard look at your situation individually.
A person from the government grant office will be in charge of deciding whether or not your situation is bad enough to need one of these grants.
This means that it's important for you to paint an honest, convincing picture.
Getting a government grant is basically a free ride on your debt and it can provide a really nice, new start for your financial future.
With that being said, qualifying for these things is not exactly a slam dunk type of process.
Applying for as many grants as possible is a good way to start.
There are many government options there, so you will want to put your name in the hat for many of them.
If you are denied for one grant, you might be accepted for another.
Not too many people use these grants, so the competition for them is much less than you might think.
Getting in there and giving it a try is certainly worth your time as a consumer, because the grant itself will lessen your debt load significantly.
This will, in turn, allow you to start over.