Consolidating government services
Naturally, it makes sense to see if any government entities provide debt consolidation loans, relief programs, or offer forgiveness to distressed borrowers.
Homeowners with sufficient equity could refinance via a GSE to eliminate existing unsecured balances.
As before, several agencies regulate the activities of private companies that provide settlement services. The government does not support hardship grants for debt relief directly to individuals.
Grants represent money that you do not have to pay back.
Federal departments award the grants to universities, state agencies, and non-profit organizations – not to individuals or low-income adults with personal needs.
However, the free money does trickle down to local programs that might help you lower certain living expenses.
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Consumers struggling under a mountain of debt are vulnerable and easy prey for scam artists.