Every year Congress puts aside billions of taxpayer dollars in government grants that rarely end up going back to the taxpayers.  However, in the wake of the sub-prime mortgage crisis, the Obama administration has woken up to the number of households drowning in unpaid bills and has initiated a government grant program specifically targeted at relieving the debt of the average American.Unlike filing for bankruptcy or getting a consolidation loan, there are no future obligations associated with a government grant.  It is essentially a gift from the government to you that, in a sense, you paid for with your tax dollars; but the best thing about these debt relief grants is that they’re very simple to apply for and you can still qualify for them even if you’re earning up to $30,000 a year.  You can submit your application online through any number of government websites and if approved, your grant money will soon be on its way to your wallet.

The grant money can be used in a myriad of ways including paying off medical bills, car loans, student loans and even your mortgage.  If you look hard enough, you may even find a grant that can help you pay off your credit card bills.  For further help with managing debt, individuals should consult credit counselling services which can help educate you on the best ways to manage debt and, if you’re lucky, they may even give you some money to help erase some of your existing debt.  The most important thing in this economic downturn is to reduce your debt by as much as you can, and if you get debt-free, to ensure that you don’t end up in the situation of being unmanageably indebted again.