Government Grant Money & Bailout Debt Relief Information

Contrary to popular belief, media hype and the current economic times, government grant money is not available for personal debt relief. If you are seeking debt relief, there is plenty of help out there for you, but you are going to need to roll up your sleeves. The quote below comes directly from the official Government Grant web site at Grants.gov.

"ATTENTION! Grants.gov does not offer money for personal financial assistance or debt."

Feel free to look yourself at Grants.gov.

We have all seen them; late night infomercials, web sites, and reference guides, advertising "millions in free government grant money." Don't believe the hype! Although there are many grants on Grants.gov, few of them are available to individuals and none of them are available for personal financial assistance.

What are Government Grants For?

• Student Loans and Grants
• Small Business Start-up Loans and Grants
• Social Security or Supplemental Security Income and Medicaid
• Educational or Research Institutions
• Public Housing or other Community Projects

That's it! There are no government grant debt relief programs for individuals. That's okay, because there is plenty of help coming from private industry. However rather than handing out money, private industry will help you change the conditions of your debt, making it easier to pay off, or even having some of your debt disappear altogether.

What is a Government Bailout? Is there a Bailout Plan?

Just like government grants, there is no government bailout plan for individual debt relief. The government is not handing out money to help people reduce debt. Government bailout was designed to help private industry. Some private industry, such as banks, have received money to provide some forms of debt relief, such as loan modification programs for individuals who cannot afford their mortgage. That said, the mortgage and student loan industries are about the only industries impacted by government bailout programs, and these are not handouts.

No Government Grant or Debt Bailout Money? What Can You Do?

Surprisingly, there is plenty that you can do! If you are struggling to pay your bills, but your financial situation is not "severe" then your best option is to take action yourself and find ways to cut costs, manage money, or even increase your income. This may seem easier said than done, but no one is saying it will be easy. But the reward of financial independence, debt freedom, is very sweet.

If your financial situation is dire, and you can no longer pay your bills or have even missed paying some bills for several months, then you should consider seeking professional help.

• Credit Card Debt Relief [credit cards, gas cards, retail cards]
  Debt relief options include Debt Settlement, Credit Counseling, Bankruptcy.
• Miscellaneous Unsecured Debts [medical, unpaid utilities, personal loans]
  Debt relief options include Debt Settlement, Bankruptcy.
• Tax Debt [IRS, State]
  Debt relief options include Tax Relief.
• Mortgage Loan Debt [home loans]
  Debt relief options include Loan Modification.

The demand for government grant money or a bailout for debt relief is insatiable! The current economy is tight for those doing well, and dire for everyone else. Before succumbing to the worse-case scenario, bankruptcy, there are many options to help reduce debt and become debt free. Inaction is not a solution, and will only make your situation worse.