Taking a debt is almost always as easy as it is difficult to clear it later. Unfortunately, imprudent spending habits and growing reliance on plastic money along with a marred economy has resulted in more and more Americans under various debts that they aren't able to clear out. This is a very vicious circle; the more you try to come out of it, the more you get into it in an effort to arrange quick money on high interest rates.
Finally, American government has realized that going this like this, millions of households will never be able to clear their debts and hence it has intervened with what is called the great American "debt relief grant".
The process is very simple; you have to apply for a grant for forbearance of your debt. After you are approved for the grant, depending on the percentage of amount that is decided, the government will clear your debts to the respective bodies that the money is owed from. However, from your viewpoint, you'll be freed from the concern of paying up to 30% to 85% of your existing debt.
Keeping in mind that there could be a huge number of households who might need such help, the government has decided to only pay a certain percentage of your debt. This percentage - if at all - depends on few eligibility criteria and determining factors set by the federal government according to calculated formulas.
So if you are an above 18 American citizen and you are in debt, this grant could be your chance of taking a load of burden off your head.
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