Financial debt can cause bankruptcy, but the good news is that there are many ways to get out of financial debt and hardships without facing bankruptcy. Families and individuals who want to get out of debt can rely on personal grants for debt relief.
Your financial challenges can be solved through these free government debt relief grants, individual debt relief grants, and other credit card debt relief grants for individuals. Let’s find resources and apply for the $7,000 government grant.
Apply for Personal Grants for Debt Relief
A free government debt-relief grant offers instant and partial debt relief. You don’t have to pay any interest, or taxes to qualify for these programs. But you have to meet some specific qualification requirements to be eligible for these programs.
You can also find free debt relief grants online. Visit your local government agency in order to apply for a debt relief grant.
You have to complete specific documentation of financial status, identification, and income proof, and others required to get approval. In many states, these free debt relief grants are not completely free, applicants have to repay these amounts after a specific time period. Apply for personal grants now here.
How to get gov grants?
If you lost your job suddenly then apply and get grants for unemployed.
You can also apply for individual debt-relief grants that can be used for paying a range of debts. These hardship grants can be easily used to pay mortgages, unpaid medical and utility bills, car loans, and credit card debts.
Once you applied for personal grants for debt relief and get approval, then you can easily pay off all your financial debts and can able successfully rebuild your financial state. If you need help in an emergency then you may get emergency government grants for individuals or federal grants for low income families.
What Are the Types of Debt Relief Government Grants Available?
There are 3 different types of ways when it comes to debt relief programs.
- Debt Management Plans.
- Credit Counseling Plans.
- Debt Consolidation Plans.
A debt management plan helps those who have too much debt and are unable to repay their debt. A credit counseling agency will negotiate with your creditors and take a certain fee. When you are applying for a grant then keep in mind that you have to select grants you don t have to pay back.
The credit counselor will review your financial status and set the payment terms. Every month you have to send these payments to the credit counseling agency and then they pay to creditors. When you take any debt management plan, you can’t apply for any other debt relief programs.
Debt consolidation plans will gather all your debts and consolidate them into monthly payment plans. You should have a good credit score to get a lower interest rate.
Free Government Debt Relief Grants vs. Debt Consolidation
When your financial debts are high and you are filing for bankruptcy, in that time you may apply for free government debt relief grants for individuals or choose debt consolidation.
The debt consolidation program provides you with low-interest loans so that you can pay off your debts and unpaid bills. But when you are borrowing a loan to pay another loan, you are not getting out of debt truly.
Debt consolidates offer you a loan to pay your all debt immediately, but you also have to repay the consolidated loan amount. On the other hand, free government debt relief grants offer you free grant money for bills and personal use so that you pay your debt.
Remember that these grant programs only pay a portion of your debt and you don’t need to pay the money back.
Can I Get Small Business Debt Relief Grants?
Initial debt relief assistance: As per CARES Act, Small Business Administration (SBA) has to pay 6 months of interest and principal money that any borrowers owe for 7(a), 504. If you are a borrower then you did not need to apply for this grant assistance. SBA offers this assistance automatically.
The federal small business loan program will help small business owners to recover their losses due to COVID-19, and offers borrowers friendly capital and other funds. From 1st January 2022, SBA does not accept any new COVID EIDL applications.
Along with these programs, you can also search for federal government grants at Grants.gov. This federal grant site offers thousands of grants that can help to reduce your debts.
The rural business owner can check out small business grant programs offered by USDA. For example, Rural Innovation Stronger Economy (RISE) grants can help to start a small business in rural areas.
SBA also offers Small Business Innovation Research Program (SBIR) and Small Business Technology Transfer Program (STTR) to help small businesses connected with technical, research, and innovation projects.
Small business owners who need debt relief funds also can check out their local nonprofit organizations and other charitable agencies. Find more government small business grants.
Best Debt Consolidation Company
National Debt Relief offers debt consolidation programs to their customer to meet their financial needs. They will also offer multiple loan options. First, they will identify the financial needs of their customers and then provides them with debt consolidation or other loans.
How Long Will It Take To Get Out Of Debt through National Debt Relief?
It completely depends on how fast you collect your funds for settlement. Normally it takes 24-48 months to get out of debt with the national debt relief program.
How Much Will You Save with the National Debt Relief Program?
If you stay with the National Debt Relief Program and will successfully settle all your debts then you can save approximately 50% before their fees, and 30% including their fees.
What types of debt programs does National Debt Relief Offer?
National Debt Relief Program offers all kinds of debt relief programs including Credit Cards, Personal Loans, Lines of Credit, Medical Bills, Collections, Repossessions, Business Debts, and Certain Student Debts.
Credit.org offers financial coaching completely free of cost. This non-profit service provides free personal financial advice with another action plan that can help you to make the right decision. Lastly, they can also help you to reduce your debts with their plans.
Which Are the Medical Debt Relief Grants?
Basically, the federal government and local nonprofit organizations help with paying medical bills. You can get medical bill assistance programs from a number of public and private organizations.
These healthcare grants can be used to pay for prescription medicines, dental care, eye care, emergency medical services, and other medical needs.
Although these programs vary from state to state, there are also some specific criteria that you have to fulfill. There is multiple health care foundation that offers grants to pay medical bills, and organizations like Healthwell Foundation, Vision USA, and United Healthcare Children’s Foundation helps to pay unpaid medical and hospital bills.
Low-income patients who can’t afford their copays can contact the Healthwell Foundation at (800) 675-8416. Underinsured children who have any injury can contact with United Healthcare Children’s Foundation.
Local community action agencies also help low-income families with grants to pay medical care costs. If your local agency can’t help you with any grant then they have referrals. So visit your local community action agency now.
Government programs like Medicaid and CHIP help with medical bills for low-income kids whose families can’t afford any health insurance.
Disabled people over 65 who have end-stage kidney disease can be applied for medicare and Social Security. Contact your local Social Security Administration (SSA) offices to know more. Unpaid medical bills are too common for low-income families.
Along with these medical bills assistance programs you can also reduce the costs of your medical bills through some methods. Read your invoice and check out that are you charged correctly for the service or not.
If you notice anything out of place then immediate contact with the hospital authority. If you can’t pay for your hospital stay then contact the hospital that offers to settle your unpaid medical bills and also offer grants for medical debt.
Debt Relief Grants for Disabled
The federal government is always there to help people with disabilities. Federal programs help the disabled with food, housing, medical care, and other needs. Along with these federal programs, disabled individuals also get assistance from local nonprofits, charities, and churches. Find out churches that help with hotel rooms and vouchers here.
Federal healthcare programs like Social Security Disability Insurance (SSDI), Medicare, and Medicaid can help cover all medical costs and bills. Cash assistance programs like TANF and Diversion Cash Assistance help disabled individuals with emergency cash so that they can pay for their daily needs.
Disabled individuals who can’t afford their daily meals can apply for the Supplemental Nutrition Assistance Program (SNAP). Local food banks also offer free food to disabled individuals.
Disabled individuals who need housing assistance can apply for HUD’s Housing Choice Voucher and Housing Voucher Programs that offers housing and rental assistance. Read more about disability grants for individuals.
Single Mom Government Grants
Single mothers who have huge debts might be interested in debt consolidating programs in order to repay their debts. Here are some options that single mothers can choose to repay their debts.
Single moms who have credit card debt can choose Debt Management plans to consolidate their credit card debts. GreenPath can be a good option for single moms that can help reduce interest rates. Call them at 800-550-1961 to reduce your financial burden and debts.
Single mothers can also apply for fast cash advances from quick loan companies where they can get instant cash loans. The company will just check your employment status and provide you with instant cash so that you can pay your debts and unpaid bills.
Single mothers can also take secured or unsecured personal loans so that they can pay their portion of their debts. Your local nonprofit and community action agencies also have some debt relief programs that can reduce some of your debts. Find out more about single mothers personal grants help with bills.
Are the Veterans Debt Relief Grants for Free?
Veterans and service members who face financial struggles can apply for veterans debt relief grants and loans. You can apply for veteran loans for home repair, home improvement, and debt consolidation. These loans basically have very low interest and a favorable payment plan.
What to do if I need money today for free?
Veterans can also apply for federal debt relief grants for veterans. Veterans can also get financial assistance from charities, churches, and other private organizations. You can apply for multiple grants to get out of financial debt.
Veterans can also start their own businesses after returning from their national duty. The federal, state and local governments are also there to help needy veterans who want to start their own businesses. Find out more start up grants for veterans.
Depending on your circumstances you can apply for multiple veteran assistance programs, like Veteran Per Diem Program, VA homeless programs, VA SHA and SAH grants, VA HISA grant programs, and other federal grant programs.
VA personal loans and credit consolidation programs will also help you to reduce your debts. Check out more financial assistance for veterans.
Government Debt Consolidation Grants
Government debt consolidation grants are available for anyone to reduce or pay off debts due to inflationary costs Govt free grants also offer $2,000 free money now. So where can you find these grants?
The first place where you can find debt consolidation grants is governmnetgrants.us and grants.gov. These two federal grant websites will help to find your debt consolidation program. Resources offer up to $25,000 per month on personal grants for women in 2022.
Let’s move on to the other options. Clear One Advantage company offers a debt consolidation program only for women. You can able to consolidate your medical bills, credit cards, and other debts with this program. Visit their website to see how much you can save each month with their debt consolidation program.
How to Get Free Student Loan Relief Grants?
If you have huge students and dying for student loan debt relief then you can choose student loan forgiveness programs. The most well-known and best student loan forgiveness program is Public Service Loan Forgiveness.
There are many ways to forgive your student loan. You can find student loan forgiveness programs from federal, state, nonprofit, and local volunteer loan forgiveness. Borrowers can pay off student loans through these grant programs.
You can also get employers grants to pay off debt as employee benefits. Here are some student loan forgiveness programs you can apply for:
- Public Service Loan Forgiveness (PSLF)
- Perkins Loan Cancellation
- National Health Service Corps
- Teacher Loan Forgiveness Program
- Teacher Cancellation of Perkins Loans
- Veterinarian Medical Loan Repayment Program
- Department of Justice Attorney Student Loan Repayment Program
- National Institutes of Health (NIH) Loan Repayment Programs
FAQs
How do I get debt relief grants from the government?
One important type of debt relief program was the California government community assistance that can help debt a program operated by CalWORKS. The program helps eligible families with debt consolidation programs.
How many recipients of debt relief grants are there annually in the US?
There is no fixed number of applicants who are applying for debt relief programs. But on average annually 483,000,000 applicants are getting debt relief assistance from multiple sources.
How do I get debt relief grants to pay housing and rental bills?
Section 8 housing and rental voucher program will help low-income-eligible individuals with housing and rental bills. You can also contact your local nonprofits, charitable agencies, and community agencies to find help with paying housing and rental bills.
Conclusion
So if you are facing debt problems or financial hardships, then you can consider different debt relief programs to reduce or pay your pending debts.
We discuss all the possible ways that can help you to get back from this situation. But till now if you have some doubts or some questions then feel free to ask us in the comment below.