Jan
18
Is there an actual government agency that does Debt Consolidation?
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I did a search but I keep getting other sites, I would like to see if there is an actual government agency that handles Debt Consolidation, any information is greatly appreciated!
Passive Income
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3 Comments
August 27th, 2009 at 8:16 am
No. The only debt consolidation the government will help you with is bankruptcy. So, until then, consolidating your debt is a private matter.
You can find many credit counseling services online or in your phone book.
August 27th, 2009 at 2:43 pm
The stuff I did here is all free to get started and took me a long time to research. So over the past couple a years, I ended up running up a ton of debt (partying, girls, clothes, ya know) and didn’t have a good job to pay this off. On top of that, I had my rent and car payment to worry about. I was working at Foot Locker making like $10 bucks an hour, so I needed to find a way to get some money.
I started to do some research and found out that a ton of government money is given to ‘minorities’ each year. The money can be pretty much used for whatever you want as long as you fill out all the info they need (your name and address, what you want to use the money for, any school you been to (i only finished high school)). I told them I wanted to start my own clothing line and needed to pay off my debts first and that was it. After a few weeks I got approved for a government scholarship. You can sign up to the program through this page -
August 29th, 2009 at 8:45 am
Myth: Debt consolidation saves interest and you have one smaller payment.
Truth: Debt consolidation is nothing more than a “con” because you think you’ve done something about the debt problem.
For more information on the truth about debt CONsolidation, visit
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