In today’s economic climate, being savvy about your finances, your spending and your debt is more critical than ever. There are lots of ways to accumulate a large amount of debt. Student loans, medical bills, and credit cards are all common financial situations. Before you know it, you can have a significant amount of debt and you can become quite anxious and overwhelmed by how you’re going to pay it all off. The government has consolidation programs that are designed to help you get out from under the burden of the debt.It’s a little known fact that our government earmarks billions annually just for this purpose in order to help regular people like you and me climb out of the pit of debt. This actually makes a lot of sense because when people default on their loans or file bankruptcy, there are tremendous economic consequences beyond what the individual will withstand. One of the benefits of utilizing a government debt consolidation loan is lowered interest rates and smaller monthly payments.You can utilize these programs by visiting a lending institution specializing in government debt consolidation. However, they frequently will apply a charge for their services. Government debt consolidation programs are actually offered without charge to you. There are even programs specifically designed to pay off school loans. The biggest advantage is that you typically do not need to put down any deposit or collateral on a loan obtained through a government debt consolidation program.Run a search online and you’ll find many results for services local to you. You can call the representative and get started right away. Set up an initial visit for free. This will help you really grasp your finances and know what you need to do next to totally get rid of all of your debt. The employees will work with your creditors and do what’s necessary to consolidate all of your loans together, which will work to your benefit.If you can’t find a government debt consolidation program, then your next step would be a credit counseling agency. This is best step if you’re feeling as though you’re drowning under the weight of your debt. If you are battling against the financial problems you’re now carrying around, then the sooner you get started, the better. You can’t solve any problem without taking that first step. And a financial problem is no different. You must make a promise to yourself that you will accomplish your goal of a debt free future.