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Government consolidating credit debt

Though debtors can hire a firm to help with creating a debt settlement plan, the FTC warns against for-profit firms as they are often out to scam debtors. Department of Housing and Urban Development certifies credit counseling agencies, which are close to qualifying as a credit card debt relief government program and can create a debt management plan for the debtor.

Government-sponsored enterprises (GSE) are financial services corporations created by Congress.

Congress created GSEs to improve capital flows to target populations.

If you want to avoid bankruptcy, debt settlement is a viable and recommended alternative by the Federal Trade Commission.

Under debt settlement, a debtor can receive a lump sum agreement or installment through which he or she will pay off debt at a reduced, fractional rate of the total account balance, perhaps at around half, or more or less depending on the debtor’s situation.

Likewise, free government grants for credit card debt relief do not exist.

No agency offers money to bail consumers out of these obligations. However, other government grants can help disadvantaged people by lowering other expenses.

In addition, consumers with large revolving balances often have access to government help with other obligations. They are a private for-profit company that may be able to help reduce your credit card debt.

The federal government funded credit card debt relief does not exist. Individuals with more than $10,000 in unsecured obligations often qualify.

However, it does regulate private companies providing this type of assistance.

In addition, several government-sponsored entities make loans available that consumers can sometimes use to consolidate obligations into a single lower monthly payment.

to regulate credit card companies and protect cardholders, to granting bankruptcy filings which can partially or fully forgive credit card debt, to publicly funded credit counseling agencies which can provide you with debt management plans and indirectly through consolidation loans.