With the 2009 Stimulus Package the Federal Government has offered several free grants. You can use the Federal grants to pay off the debts. You may use this money for debt consolidation. Debt consolidation for once might be an expensive affair. In this process you have to take another loan to pay off the rest. Then all your reedit payments are restricted to one lender or bank. You do not have to approach 4 people with the same story in case of a hardship. You would be able to handle the issue dealing with only one lender. This reduce rate of interest and also makes the monthly payments easier. You save the money that you pay as charges to different financial organizations.

Let us first understand how you can get your share in the government grants:

· In order to apply for the Federal grants, one has to meet the following basic requirements:

- He or she must be above 18 years of age.

- They must be a citizen of US.

- Your requirement must be legal & valid.

· In order to get your government grant you have to apply through the government website directly.

· Any one who says that he or she can get you the grant in lieu of a commission or payment is a fraud. These grants are directly given by the Federal Government. With no middle men involved. They do not give the money directly. Your application is passed by the authorities and you get it through the local offices.

· There are also personal loans & grants available. You might apply for one of those for your debt consolidation expenses. You may also use that money to pay off the debts.

· The women can have several grants that are meant only for them. These would help them make a better financial standing.

To know more about Debt Consolidation Programs and to check if you qualify for Government Grants

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