Earlier this year the government provided 787 billion dollars in debt relief stimulus money to assist the failing financial system in our country.
Debt management is the big topic now days.
How can consumers also benefit from this windfall of assistance? Many consumers would rather that the government split up the money amongst Americans for use in paying off debts or at least helping them manage their debts better.
The government does offer some stimulus money to consumers in the way of government grants.
The grants are funded by a portion of the stimulus money and allow consumers to get tax free non-loan money to help in debt management.
Government grants can be applied for in any amount and can help with things like making ends meet during a job search or paying off unsecured credit card debt.
Since it's not a loan you won't go into debt in order to manage your debt.
Some consumers can qualify for multiple types of grants and many recipients see their money within a couple of weeks.
All it takes is time to apply for the various types of grants that you qualify for.
If you see you qualify for more than one type of grant apply for all of them.
This way you have a good chance of having at least one approved and be able have some form of debt management on the way.
Since the stimulus money is offsetting losses of financial corporations, many companies are accepting debt settlements as forms of consumer debt management.
By going this route you will only repay a portion of your debt and the company will write off the remaining amount.
This should be kept as a debt management option in case you are denied for grant money or you don't qualify for debt relief government grants.
Whichever avenues you pursue remember to research everything thoroughly.
You are looking not only for a way to reduce your debt but for a debt management system that will enable you to get out of debt and stay out.