Free Cash Grants For Credit Card Debt

Debt grants allows individuals the opportunity to get out of debt by obtaining free money from the government that never has to be paid back. There is billions of dollars available to American citizens, and a good portion of this money is going unclaimed. That provides some very lucrative opportunities for people who know how to find and request some of this money.

Every day, millions of dollars are sent to Americans to help them achieve their personal goals. Debt relief grants help those who are deep in credit card debt or other bills by providing them with cash grant that you will never be asked to repay. Just apply the money you receive towards your bills, and find yourself living a debt free lifestyle. This is a far better option to the alternatives, such as debt consolidation or filing for personal bankruptcy. For one, grant money can be obtained for free.

There is no need to hire a credit counselor or debt management firm to help you with your bills. Secondly, your credit score will improve when you pay off your bills, but if you were to renegotiate your debts or consolidate your bills, that would negatively impact your score. The government provides this money in order to stimulate the economy and avoid any further financial turmoil.

All you have to do is find the government agencies that are providing the funds and submit your application. There is typically no credit check, down payment or collateral needed. All you need is to have some bills that you need help paying in order to see if you qualify to receive some of this free grant money.

Imagine being debt-free in 18 months. I’ll show you how to prepare your boss to give you a raise, and teach you what you need to do to land a big salary increase. Do you know your actual earning potential, Get started with the Earning Potential quiz. Get a custom report based on your unique strengths, and discover how to start making extra money — in as little as an hour.

As per the Nilson Report dated April 2009, on average, the American household carries a credit card debt of about 10,600 US dollars. A handful of people may, in desperation, even resort to filing for bankruptcy - something that should be avoided, if at all possible. Remember, there is no way of fully eliminating credit card debt. There are a few ways, however, to improve one's finances without having to go bankrupt.

A debtor can consult a credit counselor. This credit counselor can help his client come up with a debt management plan. This process is quite unlike debt settlement as it does not involve the reduction of the principal amount owed, it simply provides the debtor more manageable payment options. As a consumer, one has the option of going into a one-on-one contractual agreement with the creditor.

This option generally involves having creditors renegotiate the debtor's repayment terms, maybe in a manner which is more affordable for the consumer. This option is the most preferable but also the most difficult to get. A debtor can go negotiate a debt settlement with his creditors. This can be done by the individual himself, or through a lawyer, or a debt settlement company. A debt settlement, if negotiated successfully, can see a significant decrease in the total debt owed. Debt consolidation involves taking out another loan and using that loan to pay off all the existing credit card debt.

The debt consolidation loan will mean the consumer will only have to pay off one loan in a month, with slightly lower interest rates. There are more alternatives available. What one needs to do prior to taking action is to consult a specialist or a debt relief counselor. These specialists can provide helpful insight and information, and will steer a consumer towards a program that is best suited to one's particular financial situation.

Maybe these 10 items may answer some questions you have about using credit cards. 1. Don't Use Them. 2. If you use credit cards pay them off each month. Carrying a balance on your credit cards could add up to hundreds of dollars each year in interest and penalties. 3. If you can't pay off your credit card balance each month, pay as much as possible. Every extra dollar you pay over the interest charges goes toward paying off the principle. Minimum payments are 90% interest and 10% principle.

4. Never obtain a credit card based on an introductory interest rate. Introductory interest rates are strictly bait to get you hooked. After a short period of time the intro rate increases substantially. 5. Be careful consolidating your credit card debt. Whether you use equity in your home or find another credit card to lower your interest rate, there are things you MUST DO.

If you pay off a credit card you are going to receive constant offers, either checks in the mail or special offers, to use that credit card again. Be sure to cut up the credit card you paid off and contact the company to cancel. 6. Do not obtain credit card protection. Many credit card companies offer credit card protection for a fee. This is normally a percentage of the outstanding balance.

50 when your credit card is used by someone unauthorized. 50 for credit card protection in a year. 7. Don't keep more that two credit cards. The biggest reason for this two card rule is that it is easier to keep track of possible errors and current interest rates with no more than two cards. Some credit card companies will increase your interest rate without prior notification. You must look at your statements each month and inquire about any discrepancies. 8. Always mail your credit cards bills at least seven days prior to the due date.



29 for late fees if the bill is not paid on time. With delays in the mail and processing time once the bill reaches the credit card company offices, you need at least 7 days to be sure it is posted on time. 9. Always protect your credit card numbers from others.