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You may have received stimulus checks from the government but now, you are wondering if [link widoczny dla zalogowanych] government debt relief exists. You have probably seen a lot of advertisements claiming that you could apply for a government debt relief to clear your debt problem. However, [link widoczny dla zalogowanych] you may have been misled by these advertisements as there are no such federal grants [link widoczny dla zalogowanych] that you could apply for to help you with your debts. The government may have introduced programs to help low income families to pay for necessities like rental and utilities but there were no programs to help you pay up your credit card debts.

While there were no federal grants or federal debt relief programs, there are however programs like federal student loan consolidation and FHA Secure loan programs. Those who are struggling to pay back federal student loans may be able to benefit from the student loan consolidation program. It would probably allow you to consolidate your loans into one single loan with a lower interest rate and you only need to pay that one loan each month. This program is only applicable for federal [link widoczny dla zalogowanych] student loans and not for anyone with private student loans.

As for the FHA Secure program, it would allow you to refinance your home mortgage or adjustable rate mortgage. By refinancing, you may be able to change the terms of the loan and also lower your interest rate. This may help you reduce your monthly payments and allow you to keep your home from foreclosure. On top of this, by paying a lower amount each month, you may even free up some money which you could use to pay your other debts, like credit cards.

Now, if you are seeking credit [link widoczny dla zalogowanych] card debt relief, you probably will not [link widoczny dla zalogowanych] be able to get government help for that. Instead, you may need to seek elsewhere and look at the options available to you. There are personal loans that you could take up to pay down your debts or you could probably seek credit counseling to [link widoczny dla zalogowanych] reduce your credit card debts. With credit counseling, you may be able to look closely at your finances and your counselor could suggest the appropriate solution for you to clear your debts. Next, you can probably try debt consolidation which combines all your debts into one large loan. You will probably need to pay a longer term but your interest rate may be lower and your monthly payments reduced. If that is not what you [link widoczny dla zalogowanych] are looking for, you may also try debt management programs. These type of programs also consolidate your debts and it usually does not charge you interests. You could then pay to the program and it will distribute the money to your creditors. Finally, if you had missed quite a lot of payments and your creditors are at your door, you may consider debt negotiation.

When you opt for debt negotiation, you may seek help from debt companies to deal with your creditors for you. With debt [link widoczny dla zalogowanych] negotiation, you may be [link widoczny dla zalogowanych] able to negotiate with your creditors to reduce your debt payable in order to avoid bankruptcy. Some creditors may be open to this, while some may [link widoczny dla zalogowanych] require that you pay [link widoczny dla zalogowanych] them a lump sum for the reduced debt. Usually, creditors may consider [link widoczny dla zalogowanych] your financial situation and if you are really on the verge of bankruptcy, they may readily [link widoczny dla zalogowanych] negotiate with you to reduce the debt you [link widoczny dla zalogowanych] owed. If negotiation was successful, you may be able to get your debts reduced by up to 60 .

So, do not be fooled into thinking that there are government debt relief programs or grants available to help you out of your credit card debts. You may probably need to look for other ways to settle your debt such as the examples mentioned above.