Government Grants - Florida
When you have reached a point where you are unable to pay your credit card debts, whether it is due to a job loss, medical emergency, or some other personal crisis, you may be interested in finding out if there is some type of government debt grant that can help.
While the government has certainly provided bailouts for banks and other financial institutions, it does not, unfortunately, offer consumer grants to pay off debts. The good news is, you have many options when it comes to finding debt relief - including debt consolidation through a credit counseling agency, debt settlement, or even bankruptcy.
To find out which of these options may be right for you, answer a few, simple questions and request a free debt relief analysis and savings estimate.
Your Debt Relief Options
As mentioned before, though the government doesn't typically grant "debt relief" per se to consumers who fall behind on their credit card debt payments, as well as payments for unsecured debts such as medical bills, department store charges, or utilities - there are a number of non-government debt relief options available that may provide relief. These include debt consolidation through debt counseling and debt settlement. Read on for an overview:
Also referred to as a debt management plan (DMP), debt consolidation allows you to make one, "consolidated" payment to a credit counseling agency. When you enroll in a debt consolidation program, credit counselors will review your finances, taking into account your outstanding debts, assets, and income.
Credit counselors typically develop a strategy to help reduce your debts and submit proposals (on your behalf) to creditors asking for a reduction in interest rates, or the elimination of any late fees and other penalties.
The goal of debt consolidation is to provide you with a single, more manageable, and more structured repayment plan so you can, hopefully, direct more of your money towards paying the principal of your debts versus simply just paying the interest.
Another viable option is debt settlement where you hope to settle or negotiate with creditors for substantially less than what you actually owe. Many consumers in a debt settlement program are typically advised to stop paying their credit card bills so they can accumulate funds, over a certain period of time, which can be used to make a reasonable settlement offer.
In many cases, creditors threaten to take legal action against consumers that default on the terms of their credit card agreements in an attempt to recoup their losses. Many of these consumers, as a result of non-payment, will typically see their credit scores plummet. Yet, in spite of the potential risks to their credit scores and the possibility of getting sued, debt settlement remains a popular alternative to bankruptcy - which can have a more devastating and longer lasting impact on personal credit.
If you want to find out how debt relief may be able to help, get a free debt relief estimate and savings estimate.
What You Can Do Now to Get Debt Help
While the government does not typically provide debt grants, it does offer a variety of programs that can assist consumers who are struggling with their finances or overwhelmed with credit card debts. If you're in a similar situation where your debts, for instance, have piled up and your income has been reduced, there is relief available.
There is a program in the Sunshine State called Temporary Assistance for Needy Families (TANF) that provides monthly cash assistance for poor families with children under the age of 18.
The ACCESS Florida Program is also available to help low-income individuals and families buy food. So if you are struggling with debts and need help with daily essentials, you can avail yourself of these government programs in combination with the guidance that you can receive from a reputable debt relief company.
The bottom line is, regardless of which option you choose to get credit card debt relief - whether it's in the form of debt consolidation (through debt counseling) or debt settlement services - or you simply want to take advantage of a government-funded program to assist with your needs - there is help available for you and your family.
See your debt relief options today. Request a free debt relief analysis and savings estimate - in minutes.