The U.S. government has introduced new debt relief programs that can help those who are reeling under huge liabilities. There was a time when people used to opt for bankruptcy when their financial condition became worse, but with the introduction of new federal debt relief laws, no one can file bankruptcy anymore. Instead, they should opt for debt settlement. This is very helpful in solving the problem of increased liabilities because this method eliminates almost 60% of the payable amount and enables the debtor to get rid of his burden very easily. If you too are facing problems because of unpaid balance, then you should opt for these programs.
You cannot get rid of your liabilities overnight and so it becomes essential for you to find help from the government programs and especially the federal debt relief programs. With the help of these programs, you can easily find out information about the available alternatives. It is a known fact that the unemployed people are having lots of problems in paying back their monthly mortgage payments. In order to solve the problem of increased liability, the federal government provides mortgage help and this is possible only through the stimulus package. In this article, you will learn more about the stimulus package and how it can be utilized to help the unemployed individuals to get rid of their liability issues.
Millions of unemployed stateless people are facing problems of increased liabilities because of non-payment of the installments on home loans and credit cards. The main problem that they are facing is that the loans have been imposed with higher rate of interest because of non-payment. But now with the introduction of the debt relief programs, no individual will be able to payback the loan in full. If you are one of the million stateless people then you must also know about the same. There is no statehood for stateless people and hence, they cannot file for bankruptcy.
However, if you have property under mortgage or own real estate and if you are still employed then you can use the stimulus money that the government has released so that you can hire a legal financial firm and get your liabilities removed. You can also seek help from the firms who are associated with the government bodies like the HUD or the Federal Housing Administration. It is very important to look for the firms who are associated with the HUD because they provide mortgage help even to the unemployed persons.
Even if you have not heard of the stimulus packages and the low income group, you may still get financial help if you fill up the application form mentioned by the government officials or even talk to them directly. You just have to mention your problem and you may qualify for some type of unemployment assistance. According to the requirements of your case, you may qualify for the financial assistance. You will have to complete the documentation required for applying for unemployment assistance and once you are approved for it then you can look for a place where you can live permanently. You may also apply for the foreclosure relief programs if you are a homeowner.
There are many types of the federal government assistance programs. You can go through the official websites of the Federal Trade Commission or the U.S. Department of Labor. The federal government’s official website can give you all the information that you need regarding the various types of assistance programs. This website has all the information regarding medical bills, job search, educational loans, payday loans and the debt relief and bankruptcy programs. Each program has its own advantages and disadvantages, so you have to be very careful before taking any decision or filling up any form.