Federal grants for debt relief is that they are being given by US Federal Government.
This grant amount is free, and it can help you with your credit card debts.
This is one option available to you so that you do not file bankruptcy anymore.
Because of lack advertisements, many people do not know that these grants even exist.
And those who aware of these are responding fast, and it can help them much.
Debt relief money is used to pay off the outstanding debts, and it is better than a loan.
Because you are no longer required to pay back any amount when you get approved for these funds.
These grants are better now because it is not only for single moms or minority groups.
Any legal American citizen, above 18 years old can get this help offered by the Government.
If you are facing this problem currently, this might be one way to relive from bankruptcy.
When you are applying for federal grant, it is important to give grant proposal.
It is nothing but a document which explains how you plan to use the grant money.
You should provide income, debt documents and indicate the other grants you have received or applied for in the past.
The reviewing committee receives and reviews your application also assess your current financial situation.
Based on the documents you have provided, they will decide whether you are eligible to get the grant.
You will get notice that will inform you, whether you are approved for grant or not.