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Steer Clear of Consolidation Through Government Grants Scam

Steer Clear of Consolidation Through Government Grants Scam

You have seen many online ads offering access to government grants you can use to consolidate debt? Be very careful, though the government has many programs to help people solve their debt problems, there is not such thing as debt consolidation grants as this contradicts the whole idea of consolidation. If you are offered such programs, you are probably facing nothing but a scam.

Consolidating debt is a process that consists on replacing expensive and/or short term debt with cheap debt with longer repayment programs. Basically, consolidation can be achieved either by negotiating with creditors new loan terms or by obtaining a loan that meets the above guidelines (cheaper and/or longer term) to repay outstanding debt.

Thus, getting a government grant in order to eliminate debt can never be “debt consolidation”. Besides, it is very unlikely that the government would destine money to repay someone’s debt with no guarantee whatsoever that the borrower will not apply for new loans or credit cards.

Government Grants

A government grant is an endowment awarded by government agencies to individuals and organizations that meet certain requirements. Government grants are meant for assisting those who are underprivileged or have special needs. Someone who is deeply in debt does not necessarily have to qualify for a grant for the sole reason of being in debt.

Government grants are offered for those who want to buy their first home, to those who are starting a business and need finance in order to make everything work, to those who want to investigate on certain fields that the government has a particular interest on developing, etc.

Specific Requirements

In order to apply for a government grant you need to meet specific requirements that each grant type has as a qualifying criteria. So, as you can see, offering grants for debt consolidation widely, to anyone that wants to apply has no other purpose than to take advantage of people’s financial difficulties. That financial aid cannot be provided by those who claim they can.

And that’s the main reason why you need to beware of those companies that offer that kind of service. There are many legit online companies offering access to information, links and thorough explanations on government grants. Sometimes they even offer copies of the application forms and models of letters that need to be sent to government agencies. However, none of these companies will claim to offer consolidation through government grants. If they do, you should steer clear of them since chances are you are probably facing a scam.

There Are Trustworthy Government And Private Online Sites

If you are alert enough, you have nothing to worry about. You can do a thorough investigation by searching the net for government grants and read all the information that online sites provide. You will be able to find the government agencies’ sites and private sites too. Within these sites you will be able to find all you need to know to apply for a government grant and as long as you follow the previous advice and be wary of consolidation grants you will not be taken in.

Federal Government Grants

Devora Witts is a certified loan consultant with several years of experience in the credit area who instructs people regarding credit recovery and approval for personal loans, home loans, consolidation loans, car loans, student loans, unsecured loans and many other types of loans. If you want to understand Loans After Bankruptcy and Guaranteed Unsecured Loans thoroughly you can visit her site http://www.badcreditloanservices.com

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Obama’s Debt Relief Program Gives All Citizens a Chance to Pay off Debt Through Federal Grant Money!

Obama’s Debt Relief Program Gives All Citizens a Chance to Pay off Debt Through Federal Grant Money!

Believe it or not, but the Administration of President Barack Obama is helping Americans to get out of debt as quickly as possible ? and they want to help you too! And you don’t even have to owe them anything for their assistance.

Sounds unreal? Gladly, this is no joke, as the government has in store million of dollars in federal grant money, and is waiting to get it into the pockets of America’s citizens. Forty-million dollars in grants have been set aside each year to support those in need, and the numbers of those who are in need are indeed considerable. The aim of these federal grants are to help Americans pay off their debt, and thereby helping the country as a whole recover from the present-day economic recession.

It’s really a matter of simply applying, and you could be receiving your share of this money sooner than you think. Embrace this one-in-a-million chance by filling out the necessary application forms that are available online, and forward it as soon as possible. Government Grant Experts are available if you have questions, thus making things easy to obtain these much-needed funds.

You have nothing to lose, considering that these grants are given away freely, and do not have to be repaid at any time. This is not a conventional loan you are applying for, which is far more difficult to get. The most basic requirement you have to fulfill is to be over 18, and have valid American citizenship.

Why waste time? Apply now, settle your debt, and give your family a life to look forward to!

Federal Government Grants

***Update***
I have done a bit of research for you. These Government Grant Experts can help you get the grants you deserve by helping you get out of debt fast. You can find out if you qualify for a Government Grant for free!

Click here to fill out a short form to save your finances and get out of debt as early as this week!

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