Grants For Credit Card Debt

I was wondering if anyone has used grants to pay off credit card debt, and if so, which grants and/or where can I locate them? I am currently in a debt management program but am looking to get my debt taken care of because we have a little one on the way!!
Does anyone know much about settling your debt? Does settling debt look bad on credit reports? And if so, how long will it remain on your credit report?

The reason I ask is which is worse, having debts settled or having a charge-off sitting on your credit report until it is paid off?

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

2008-11-17 08:36:03 by Chris B

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 ...

Let's say you got 2 credit cards, on your 1st one you owe $1,000
nd on 2nd one you owe $5,000 and you refuse to pay your credit card debts off, what's going to happen then???

After 6 months it is sent to a collections agency and they begin the harassing phone calls (if they haven't started already.) They will eventually pursue legal action against you in the civil courts to collect. If you do not pay and do not charge anything on your credit card for a minimum of 6 to 7 months you can negotiate a settlement for less.

2007-05-22 21:56:27 by Angelo G

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

Can you imagine if this were true -- no one in America will have a credit card debt, or any debt at all. There will be no bankruptcy in America. Unfortunately that's wishful thinking

This -- grants for paying credit card debt -- is merely a lie being spread by scammers. It is ABSOLUTELY FALSE.

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

2007-05-10 17:44:35 by Robert C

I've heard of companies like cureadebt.com that will settle your credit card debts for 70% of the amount owed. I've also heard of government grants to pay unsecured debt(credit cards), but I don't know where to get the info on them. I'm considering a second mortgage to pay these off with a lower interest rate. Thoughts?

We no longer use credit cards, so the balance only increases because of high interest rates.

Transfer your current credit card balance to an interest free card. This usually gives 9 months to pay off. Make paying off the debt your main priority above everything else. If you have balance at the end of the 9 months on the said card, transfer to another of the same free interest.By the way the credit card should not be used for any more purchases whatever. The sole purpose is to pay over all monies owing

2009-07-27 09:41:27 by The Bees Knees