Are there any loans/grants to hep pay off debt?

Answer 1

There are loans that you can access to pay off debt. But why get into debt just to pay off debt?

Unfortunately, there's no grants to pay off debt. The government is NOT in the business of giving away free money for the sake of giving away money. There are no grants for paying bills, for getting out of debt or for buying a car. Grants are free, but it means OBLIGATION. You will be obligated to do as the grant sets out to do. Grants have objectives, and your purpose must fit the objective of the grant.

For one, you have to write the grant application and the grant application is not a simple document - you have to explain how your purpose for applying for the grant fits well with the objectives set out by the grant.

There is a stringent review process through a committee. You will compete with other applicants for the grant money, and this grant review committee will evaluate the merits of each proposal. Only those that they feel exemplifies the objective of the grant will be approved.

Nonetheless, you can go to the Catalog of Federal Domestic Assistance (CFDA) http://www.cfda.gov and Grants.gov http://www.grants.gov - these are two sites created by the federal government to provide transparency and information on grants. Browse through the listings and see if you can find any grant that would support your purposes.

Minimize your costs, try to get a better or second job to pay off your debt. Easier said than done, though.

Answer 2

I wish. When you find one let me know.