Government Grants as a Debt Solution

Using a government grant as a debt solution is not a very popular option. In fact, for many, it's just not an option they are aware of. Why, you may ask. Is it just too unrealistic? Does the government really give out money to pay off debts? In short, yes; but there is a little more to it than that. Read on to find out more.

Government grants are the most overlooked form of debt solution available. Everyone harps on about IVAs, debt consolidation, debt management and even bankruptcy gets more attention. All these solutions can see you debt free, but there are costs associated with them and it will usually take a few years too.

With a government grant, you can become debt free immediately. You will have no repayments to make & there are no up-front fees.

So if a government grant it is so good, why is it so overlooked?

Put simply, most people do not know about them. Everyone knows about government grants for small businesses & for charity's, but not for the individual drowning in debt. Most people go straight to a debt solution company, who of course will not utter the words 'government grant' and 'free' - they want their big, fat, juicy commission fee!

So now you know all the advantages of a government grant, lets get down to business. How do you get one?

Firstly, the government is interested in boosting the economy, in helping the disadvantaged; this is the purpose of these grants. They are certainly not interested in helping you pay off your credit card bill or funding your holiday of a lifetime. If you think it's that easy, you may as well stop reading now - this just isn't for you. This article is to help individuals who, through no fault of their own, have found themselves in serious debt problems and have nowhere else to turn. It is intended to open up a solution that they didn't know existed. One that can help them regain control of their finances & get on with their lives. If this is you, read on.

People find themselves in debt for a variety of reasons & often, it isn't just overspending. The break-up of a marriage, death of a loved one or unexpected redundancy can launch a person into a sea of debt. If you are in a similar situation, you are much more likely to be accepted for a government grant.

Another factor that will be considered is your ability to repay your debts. Unfortunately for many, if you are managing to keep on top of your debts, you will struggle to get a government grant. They are set-aside for those who are really drowning in debt, with no hope of paying back the money they owe.

You are by no means guaranteed a government grant. In fact, for the majority, an alternative debt solution will be the only option. The key is being aware of government grants & checking to see if you are eligible. In the past, it has been overlooked through ignorance. Remember, there is nothing stopping you applying for one. at worst, you will be turned down & then you can look into other debt solutions - at least you will have tried!

Don't miss out on this opportunity. If you are in a helpless situation - let a government grant help you"!

Of course, there are other debt solutions. A government grant is the BEST solution. If you are not eligible for a government grant, these can still help you become debt free. Read about them at the free debt advice website.

Debt in the UK & US

I found an article a few days ago, which detailed the amount of debt in the US – a staggering £7 trillion! (can’t remember the link, sorry…) Then it got me thinking about debt in the UK. I know the debt in Britain is a lot lower than that of America, simply because of population, but I wondered what the ratio of debt-per-adult was.

Then I came across this article from a UK debt management company. It’s a very recent article and was just what I was looking for.

Apart from the actual amount of debt, which is unbelievable, it’s interesting just how close personal debt is in these two countries.

Read the United In Debt article for yourself here >>

Free Debt Advice – Say Goodbye To Debt!

Debt is the number one cause of all tooth decay! Well, it’s not really, but it is the cause of many relationship break-ups, family feuds & personal stress. Like gingivitis destroys teeth, debt destroys lives!

So what can we do? Should we just accept our fate? Are we in a hopeless situation, with no way out? No, we are not. There is debt advice out there that can help individuals, regardless of circumstances or backgrounds, say goodbye to debt – and best of all, it’s free!

There are many resources that offer impartial debt help and advice – some by individuals who have been in a similar situation and have come out of the other side, some by industry professionals and some by charities that have been set up for this very purpose.

An individual who has been in your situation understands what you are going through and the feelings involved with being in debt. They can explain the various steps they took to get out of debt in an easy to understand way. They may not be able to explain the technicalities of various solutions to you though, and that is where professional resources come in useful. Here you will find all you need to know about debt solutions, the legal issues and costs involved. Each have their own advantages and it is useful to seek advice from various sources.

“Fire in the hole!”

Debt has been likened to a ticking time bomb, ready to explode. This is true. Unfortunately, the majority will continue to spend, spend, spend without a thought of the consequences and at some point the nations debt will explode. The consequences for all involved will be catastrophic! What we have to do is move clear of the blast radius. How do we do this?

We can move out of the danger zone by taking advantage of this free debt advice on offer. Never feel that self-help is a waste of time - there is much you can achieve on your own, from budgeting to negotiating with creditors. We may need professional help as well, and if this is the case, these resources can point us in the right direction.

Whether you are considering a particular solution like debt consolidation, debt management or an IVA or you are simply looking for helpful advice and money saving tips, there is a resource out there to suit your needs.

If you want to say goodbye to debt, get Free Debt Advice here. You can also find out more about self-help by visiting the DIY Debt Help resource.