You must have heard about the new debt relief grants being introduced by the Obama government. These are grants that give you money to pay your debts up to 85% of the total amount. If you are interested in knowing more about these grants you should simply go to the government websites and check for details under "debt relief grants" there.
The eligibility for this grant is only limited to a few small points; an American citizen who is more than 18 years of age and in awfully desperate need of money is just about the ideal candidate for this grant. One point to note about these grants is that the bigger financial mess you are in, the better your chances of securing this grant. However, in doing so, the applicants must ensure that they only provide 100% correct information to the government. Any incorrect data could lead to very strict actions from the government.
Now, although the government has decided to help its citizens from the vicious circle of debt, interest and taxes, the truth is that it's not possible for everybody to get their entire debt amount waived off; the amount is just too big even for the government, and besides this is not the only program that the Obama administration has launched.
While applying, you might be required to submit a business proposal highlighting the reasons as to why you need this grant. You would also need to furnish supporting documents such as your proof of income, credit/debit card bills, bank account statements and the loan payment receipts.
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