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Debt Destroy

Government Assisted Debt Consolidation


Diana K Rep Points:
Posted on November 27, 2009 at 2:09 am
What are the Government Assisted debt consolidation companies out there? Could you give me a listing so I can contact them?

Purple Cow Rep Points:
Posted on November 27, 2009 at 2:31 am
I believe the only government assisted debt consolidation companies out there are only for federal student loans. That works by allowing the student or parent to consolidate their student loans into one payment, complete with having a lowered interest rate and one payment due each month. This only applies to federal student loans, FYI--a private and federal student loan cannot be consolidated into one.

Diana K Rep Points:
Posted on November 27, 2009 at 2:34 am
I got that... But how about government assisted debt consolidation for other debts? Like for credit cards?

Purple Cow Rep Points:
Posted on November 27, 2009 at 2:46 am
I got that... But how about government assisted debt consolidation for other debts? Like for credit cards?There aren't any options available for other personal debts, I'm afraid.You have other options available for you, such as for-profit and non-profit debt consolidation. You can work with either credit counseling or debt settlement for your unsecured debts can be taken care of.

Destiny Rep Points:
Posted on February 8, 2010 at 3:41 am
I don't think that government assisted debt consolidation -  exists, other than bankruptcy of course. There are, however, loans, that you can try applying for herehttp://www.govloans.gov/govloans_en.portal