How To Get A Government Grant For Debt Repayment – Complete Guide

July 19, 2010 - PRLog -- Fortunately, as part of the American Recovery and Reinvestment Act (stimulus package), the federal government is offering grants and low-interest loans to homeowners and businesses that are in trouble. Organizations to distribute this money have only just begun to form, so there is still plenty available. The following is a number of strategies and a complete guide to getting these grants.

Aurora Lillo Editor of the "Government Grants For Debt Relief" website -- http://www.GovernmentGrantsForDebtRelief.org -- pointed out;


“...The first thing that everyone should realize is that everyone is getting a grant of some sort from the government this year. Included in the stimulus package were larger tax rebate checks for everybody over the next several years. Therefore, regardless of a consumer's financial situation, he or she will get some money from the government. But this is not as lucrative as the actual grants offered...”

Before getting any money from the federal government, a family or small business should look into the free credit consultation that is being offered. The federal government is funding non profit organizations around the country to offer free credit consultation to anybody who asks, and many of these organizations have the power to pass your situation on to those who disburse the money. Therefore, even if your situation is absolutely hopeless, and the only alternative to getting a grant would be bankruptcy, it would be a good idea to investigate free credit consultation. These people can be the gatekeepers for the more lucrative possibilities.

Only after the above has been investigated should somebody actually apply for the government's money. There are a few criteria for getting this money. Typically, grants will be given only to families who are going to lose their home, are insolvent because of medical bills, or have been unemployed for extended periods of time but have proof they they are looking for work. Small businesses can get low-interest loans if they might have to lay off employees otherwise. If you fall into any of these categories, it can be very lucrative to apply.

“...However, there is only so much money to go around and the paperwork can be extremely difficult. The final step is that one should hire an expert if he or she wishes to apply for these. The best organization to hire is a company that specializes in such problems. It is incredibly difficult to get this money and a single problem on an application can sink the process. An expert will inevitably pay for themselves ten times over. And, best of all, most do not charge you if you do not end up getting the money...” added A. Lillo.

Further information about debt relief government grants by visiting: http://www.GovernmentGrantsForDebtRelief.org