If you have heard about the grants introduced by the Obama administration for debt relief of citizens you must also be aware that the eligibility requirement of this grant is for you to be an American citizen, 18 years or above in age, and be in utmost need of money to help clear your debts.
Keeping in mind that the abovementioned criteria does not filter out a lot of people who might apply for this grant, the government has announced that nobody would be funded for the entire amount of their debt. The percentage of debt relief that an individual might qualify for would vary from 30% to 85% and it basically depends on your financial status and how severe your requirement is.
There are so many people who have been waiting for such an initiative from government and now they have finally gotten what they desperately needed. With the reduced amount of debt on their heads, such individuals who have been in a financially jumbled state till now, would be able to concentrate on beginning a new chapter of their life.
While applying for this grant, you must ensure that the documents provided to you by the government, are not only current and relevant but are absolutely true by your understanding. Given the magnitude of this grant, the government is making all possible efforts to ensure that the money lands in those households where it's more needed. If there is any discrepancy found in your documents, the implications could be severe.
Qualifying is easy - so apply today and get your debt in order!
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