The thoughts of being in debt over your head can be an awful and painful experience for many consumers. Everyone has things that they need or want, and so we take out loans and charge the cost to credit cards. This seems to be where people get in trouble with their debts. If you want to go out and buy a new car (unless you are rich), you don’t usually have the means to pay for the car outright, so you take out a loan and now you have debt that you have to pay back. Along with owing the amount you had borrowed there will also be a good amount of interest you will pay over time, especially for those with less than perfect credit.

Paying back money owed on credit can be excruciating for many people, because for the most part, people do not have only one source of debt they are dealing with. A lot of times people will have various credit cards with multiple banks, a car loan(s), medical bills, and possibly even a student loan or other type of personal loan they have acquired. Credit cards have become an essential part in everyday living for millions of citizens around the country so it is very likely for one to have acquired multiple cards.

Several sources of debt means that you will be paying interest on several loans at one time. That is how banks and lending institutions make their money. Now imagine several credit cards and loans like this and you can see how much money you will spend over time in just interest.

If you are struggling with your debt like thousands of others around the nation, there is more than likely some assistance available for your situation. With the major bank bailouts the past year, many people are turning to the government for help. However, the only true remedy for most people is either private debt settlement or personal bankruptcy. If Uncle Sam saved everyone who was in debt, no one would ever pay back any loans they obtain by credit.

For consumers in desperate need of help with their debt struggles, there are some government agencies that may assist one with their needs. This type of help from the government may come in the form of government grants. However, this type of help is not widely known because it is not advertised on the television and internet as much as other types of debt relief services. Many people are not aware that the government spends a significant amount of money each year to assist consumers with their financial needs. One reason why some do not immediately turn to the government for help is because many people think that they will only aid large companies or institutions. While in some cases this is true, it is not impossible for one to receive a government grant.

An individual can use these funds to help keep their business afloat or possibly even start up a new one, usually referred to as small business grants. There are also grants for students and other consumers in need of help with their current debt problems. Before being approved for this assistance the government will do a complete and intense review of the consumers entire financial situation to determine whether or not the grant will be beneficial.

There are various types of grants available, so its crucial to take the time to learn exactly which one you need to apply for. Some of the most common types of grants include funding for school loans, non-profit organizations, and small business funding. According to, there are currently 26 government agencies that provide grants to qualified consumers. They will provide a clear picture of the different type of grants available.

A good thing about government plans is that they will help teach you how to manage your money better so you can avoid future problems. Learning new ways to stay out of debt and how to properly manage the debt you currently have is always a good thing. If you are struggling to get out of debt on your own, you can ask the government for assistance and start changing your life for the better.

Keep in mind that before applying for a government grant you must be at least eighteen years of age and be either a US citizen or legal alien resident. You can check out a directory of grants available to the public here: Catalog of Federal Domestic Assistance

Moe Bedard
My name is Maurice "Moe" Bedard. I am the founder of America's #1 Mortgage Forum, My online work has been featured in the New York Times, LA Times, Fox Business, and many other media publications.