Government Grants For Credit Card Debt

I am drowning in credit card debt and I am looking for help other than bankruptcy

If your drowning in credit card debt, have you looked into credit counseling? Do you own a home that you can refinance and pay off some debt? If you don't own a home, credit counseling may help, but you may or may not be able to buy a home until it has been paid in full. Some lenders still consider it a risk and a bankruptcy. But you should not have as much of a negative impact on your credit that a bankruptcy have.
I included a link below, give them a call and see what they can do. It doesn't hurt to ask. Or you can look in your phone book for a credit counselor closer to home.

2006-07-07 01:08:53 by Hector A

A grant is issued by the government and can be used to pay off debt, but the person in debt must show a need for a grant. Get a government grant ...

I am a single mom. I lost my job in June and have had the worst time trying to find a job. When my daughter was born her dad never and still does not pay me anything. His back support is up to 10K. I was dumb and applied for a credit card. Now I just need all this to go way.
Please do not give me any bullshit answers...I dont have time for it. I was told that there are government grants out there to help people with their debt. Thanks for the help.

Shaddy:

I'm sorry, but whoever was giving you that advice about government grants for bill paying and debt either didn't know what they were talking about, or wasn't being honest with you. There are no such grants.

I know that this isn't what you want to hear, and that's going to make you suspicious of my answer, so let me refer you to a government website that will confirm it:

If you visit: http://grants.gov , you'll be visiting the official US government website that serves as a gateway to all federal grants.

Check out that site, and click on "About Grants.gov" on the left hand side of the page. Then click on "Who is eligible for a grant", and you'll find this passage:

"We have all seen them; late night infomercials, websites, and reference guides, advertising "millions in free 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."

Government grants are not for people who are struggling to get by - though the government does offer financial assistance of other types. Those programs aren't grant programs - they are government benefits programs.

Nearly everyone is familiar with some of the best-known government benefits programs - Social Security, food stamps, VA benefits, etc. There are many more programs - and you can find them all at this government website: http://www.govbenefits.gov

You can search by state, by program type, etc.

I hope this helps you. Whatever you do - don't pay ANYONE for information about "grants" - all of that information is available to you for free, and the companies that charge for it are either greedy or flat-out crooked.

Good luck!

2009-10-16 06:59:27 by anonymous

Sorry, no help from the government on those debts.

Right now, they are desperately trying to figure out how to help people with foreclosed mortgages...and that's a difficult issue.

2008-04-06 10:55:16 by Woody

The government is NOT in the business of giving away free money for the sake of giving away money. There are no grants for paying bills, no grants for paying off credit cards, no grants for getting out of debt and no grants for simply fattening your wallet.

Grants are free, but it means OBLIGATION. You will be obligated to do as the grant sets out to do. Grants have objectives, and your purpose must fit the objective of the grant.

For one, you have to write the grant application and the grant application is not a simple document - you have to explain how your purpose for applying for the grant fits well with the objectives set out by the grant.

There is a stringent review process through a committee. You will compete with other applicants for the grant money, and this grant review committee will evaluate the merits of each proposal. Only those that they feel exemplifies the objective of the grant will be approved.

You can go to the Catalog of Federal Domestic Assistance (CFDA) http://www.cfda.gov and Grants.gov http://www.grants.gov - these are two sites created by the federal government to provide transparency and information on grants. Browse through the listings and see if you can find any grant that would support your purposes.

Even if you buy books on "how to get grants" or list that supposedly has information on grants -- all of them are mere rehash of what CFDA has, albeit packaged differently.

Note though that these grants generally support non-profit organizations, intermediary lending institutions, and state and local governments. Most of the federal grants are given to specific target groups with specific requirements (e.g. minority business owners involved in transportation related contracts emanating from DOT - Grant#20.905 Disadvantaged Business Enterprises Short Term Lending Program. Individuals especially for personal purposes are not eligible for federal grants.

Grants are also often given to non profit groups or organizations involved in training or other similar activities (grant 59.043 Women's Business Ownership Assistance that are given to those who will create women's business center that will train women entrepreneurs

2008-08-20 18:20:24 by desparz1

When the grant people ask you for money upfront to give you the grant
tell them to got to ******.
It is a scam.
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2009-02-04 12:58:10 by Chooch