Let Obama Take Care of Your Debt! Government Grant Money Available For You
While billions are set aside every year for government grants, the concept that you can pay off all of your debt with a simple cash allotment is greatly exaggerated. Our government awards grants to states, cities, and private organizations to provide assistance programs in the areas of mortgages, credit counseling, higher education, medical bills, and social services. The government also provides direct grants to farms, ranches, and small businesses.To date, the government does not award grants to individuals in order to bail them out of debt.But, that doesn't mean that debt relief cannot be had from government grants. Creative thinking with an eye towards opportunity is required. For instance, small business grants can be had that are lucrative enough to pay off credit card debt while simultaneously starting a new business venture. Our government is prepared to give farmers $200,000 and start-up small businesses $500,000. The government is even willing to give businesses $300,000 to help them obtain government contracts ($500,000 if the company is minority owned). Uncle Sam is even willing to hand out $3,000,000 in venture capital. An ingenious mind could find many ways to use these grants to his/her benefit.If you own your home, you can roll your debt over into your mortgage. If you are able to make your mortgage payments, then you will be able to claim your unsecured debt as a tax write off. If you end up struggling to make the house payment, then the government will provide mortgage assistance to prevent foreclosures. This very same government is even willing to hand out $7,000 for you to repair your home (Rural Housing Repair Loans and Grants). Medical bills need not destroy your family. Government grants fund a variety of programs that will pay off all of your health care bills if you are unable to pay them yourself. These grants can be accessed through family services, health departments, and even through hospitals. Of course, the United Way does list all available resources such as these on their web sites.All debt riddled hopefuls need to do is to check out the government grants web site regularly to see what new opportunities are available. Yes, you can get out of debt with government grants.