Good news has just been announced to American citizens, especially those whose total debt amount has surpassed ten thousand dollars. This is because if you fall under this category then you could be eligible to receive a stimulus package that has been set aside by the Obama administration. The package is aimed at helping those among American citizens who are struggling to pay their debts. Both federal and private government consolidation programs are aimed at negotiating away part of your debt, enable you pay lower interest rates, and then reduce your bills into one payment that is manageable. Spreading across the land like bushfire, the news is giving hope to Americans overburdened by high interest rates on their debts.You stand no chance of losing anything when it comes to inquiring about your eligibility for these government consolidation programs that are free. The internet has been touted to be the mother of all information, something that will allow you to browse various sites and take a look at the process of application. If you are perhaps worried that you might come across technical terms which might pose a threat, the sites are able to interpret them all for you. All that you might be required to provide is only some basic information about yourself, before you proceed to view the options available and which will allow you to know the amount that you expect to save each month.Through browsing these websites, you are also in a position to find out if you qualify for debt negotiation, something expected to lower your balances and do away with any outstanding balance and fees. Debt consolidation programs that have been instituted by the federal government are such that they take the total sum of all your bills and loans such as the credit cards, medical bills, automotive loans etc and then pay them off in full. Besides that, you will be awarded the peace of mind allowing you to worry only about a single manageable size of monthly payment other than numerous ones.A perfect example of such a program is the Direct Loan Consolidation program that has helped numerous Americans. Note that there are no forms of charges required when browsing the website for the determination of the best type of federal government debt consolidation program that best suits you. Soon after establishing a program that best works for you then indulge in lowering your debt and also repairing your FICO score.