Government Credit Card Consolidation Loans

Escaping from the dark depths of high-interest credit card debt can seem like an unattainable goal, particularly when the economy is in such peril. Trying to find help can feel extremely overwhelming due to the many programs available and difficulty of finding legitimate unbiased information. If only there was one solid choice that your could trust. Well, you can relax now because free government credit card consolidation loans are here to help. These federal debt relief programs are the obvious choice for consolidating and reducing high-interest debts and creating a manageable plan that will help you eliminate your debts for good.Most Americans have no idea that these government debt consolidation programs for credit card debt even exist, and that’s too bad, as the Obama administration has allocated millions of dollars to fund these programs. 2011 is expected to bring even more funding to these government debt relief programs, so don’t miss out on your piece of the bailout. Debt consolidation works by eliminating all of the high interest debts you have collected, such as credit cards, medical bills, payday loans, and utility bills, and replaces them with a single low-interest loan. This loan requires only one monthly payment, which will be custom tailored to your financial abilities.To find out if you qualify for one of the current government credit card debt consolidation programs being offered, or a government backed debt consolidation loan, you should apply online as early as possible. The application process is usually quite short, with only some basic personal information being required. This will instantly allow you to see which programs are available to you and how much they can save you every month. Act now as it can sometime take up to 4-6 weeks for your loan to be processed, should you be one of the lucky ones who qualify.

You Can Save Big Money on Your Student Loan Payment – But Hurry!

Student Loan ConsolidationYou worked hard. You studied late nights and spent hours in the library doing research. You took some grueling exams. Now you’re finally through with college and out in the working world. Everything’s going great, but your monthly student loan payment is huge! It cuts into your entertainment budget. You can’t even afford to go out to a nice dinner or take a trip. You sure as heck can’t save a down payment for a house, and you’re still throwing your money away renting that little apartment. What can you do? There’s got to be a way to improve your situation.There may be a way to improve it. You may be able to save a substantial amount of your hard earned salary every month by consolidating your student loans. Then again, this may not be the right choice for you. “Great!”, you say, “I could really use a way to save some money every month.” If you’re like most people however, you know little about loan consolidation, student or otherwise.Student loan consolidation is a bit different from consolidating your high interest credit card or auto loans. You don’t need to own a home or other real estate to use for collateral for one thing. Your student loans are different from most other loans, they are guaranteed by the federal government. There are two main types of student loans.In one program, the Federal Family Education Loan Program (FELP), students receive money through guaranteed bank loans. This student loan program has been around since the 1960’s and many students have taken advantage of it to finance their education. With FELP loans, the lenders are banks or other financial institutions, who loan money to the student. These institutions make a profit from the interest on the loan, while at the same time being protected against loan default by a federal government guarantee.With a newer program, 1993’s Federal Direct Loan Program, the money is loaned to student directly through the federal government. This is more affordable for the taxpayer because the federal government is collecting the interest and using it to help underwrite the loan program. The loans are actually provided to students by various companies under direct government contract.The interest rates for both types of loans are fixed and the individual school decides which type of program, FELP or Fixed, they will offer. The FELP is more common, as it allows more services to be provided directly by the lending institution to assist students with their loans. There are possible changes brewing. Rep. George Miller, D-Calif, directed the GAO to investigate ways for the federal government to save money in the student loan program. The GAO’s report indicated that the government could save substantial money, possibly as much as $3B a year, by using the Direct student loan program exclusively.Even if changes are made, you will still be able to consolidate your student loans. Why would you want to? You can save substantial money, that’s why. Consolidating all you student loans allows you to lock in lower interest rates on all your loans. The interest rate is adjusted each year, and remains fixed for the year. For the 2006 fiscal year (this year) it is at 4.7% for student currently attending school. This is set to increase to 6.8% for fiscal year 2007. This rate increase goes into effect on July 1 2006. PLUS loans will increase from 6.1% to 8.5%. Needless to say, this is a substantial interest rate increase. Avoiding it will save you hundreds of dollars each month.As an example, if you are currently in school and have $45,000 in outstanding debt at the current rates, you are paying about $471/month. If you consolidate, you could reduce this payment to only about $300/month. There is an incentive to consolidate now, if you can benefit from student loan consolidation. Because of a consolidation deadline, each year there is a rush to get the proper paperwork filed by the due date. Typically congress allows a grace period, so if you have filed the paperwork, but it has not been processed, you still receive your consolidation loan at the existing interest rate.This year, because of the 2005 Budget Reconciliation Act, you may not get to enjoy the grace period. There is a strong chance that if you don’t have the completed loan in hand by the deadline, it will just be too bad. You will still get your loan, but have to pay the increased interest rate from 2007. To illustrate how this can affect you, take our $45,000 example above. Rather than enjoying the $300/month payment, you could find yourself paying almost $350/month!You need to act now! Student loan consolidating may or may not be the right choice for you, but you need to know. The sooner you determine the correct course of action, the sooner you can get going. If you wait, it may just be too late.

Government Debt Consolidation Programs – How Can Obama’s Bailout Plan and Debt Relief Programs Help?

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.

Free Government Debt Consolidation Loans – If You Owe More Than $10,000 Read This!

With the economy lingering in its current state, it is not surprising that many Americans are staggering under the weight of high-interest debt. Be it credit cards, student loans, medical bills, or any other kind of debt, it has been a struggle against the tide to pay these loans. Unemployment has reached an all time high, with over 10% of US citizens searching for jobs to pay their debts. The Obama administration has risen to the occasion to aid in lowering common man’s debt with free government debt consolidation loans.Government sponsored relief programs are proven to be a success for one and all. You gain by lowering your rate of interest and consolidating your debts into one simple to repay installment. It has worked well for the loaners as well as they recover their debts without incurring too many losses. The country’s economy sees light as it has worked wonders for its financial health as well. The ideal way to figure out if you are entitled for government assistance is to request a free quote online. Several free government and private debt consultants can assist in helping identify the right program to benefit your current debt issueThe DOE has been a very effective program amongst the Direct Loan Consolidation program. This service works by consolidating your loans into one single low-interest loan. This is great for someone with numerous monthly payments and interest rates. The option to increase the repayment time frame is a feature which enables the client in debt to make smaller payments each month over a period of ten or twenty years. The interest rates are very attractively low making it a very good deal indeed.This is just one case in point out of the several of government and private debt consolidation options open to you. Ask for a free quote today and spot the right debt program for your unique needs. No time better than right now to be on the road to a happy debt free life!

Government Credit Card Consolidation Loans

Escaping from the dark depths of high-interest credit card debt can seem like an unattainable goal, particularly when the economy is in such peril. Trying to find help can feel extremely overwhelming due to the many programs available and difficulty of finding legitimate unbiased information. If only there was one solid choice that your could trust. Well, you can relax now because free government credit card consolidation loans are here to help. These federal debt relief programs are the obvious choice for consolidating and reducing high-interest debts and creating a manageable plan that will help you eliminate your debts for good.Most Americans have no idea that these government debt consolidation programs for credit card debt even exist, and that’s too bad, as the Obama administration has allocated millions of dollars to fund these programs. 2011 is expected to bring even more funding to these government debt relief programs, so don’t miss out on your piece of the bailout. Debt consolidation works by eliminating all of the high interest debts you have collected, such as credit cards, medical bills, payday loans, and utility bills, and replaces them with a single low-interest loan. This loan requires only one monthly payment, which will be custom tailored to your financial abilities.To find out if you qualify for one of the current government credit card debt consolidation programs being offered, or a government backed debt consolidation loan, you should apply online as early as possible. The application process is usually quite short, with only some basic personal information being required. This will instantly allow you to see which programs are available to you and how much they can save you every month. Act now as it can sometime take up to 4-6 weeks for your loan to be processed, should you be one of the lucky ones who qualify.

Federal College Loan Consolidation – Merge Within the Grace Period

When it comes to federal consolidation loan consolidation programs, many student borrowers must know that there are certain deadlines, most of the time difficult and stressful, imposed on it. It is unlike the normal private and federal student loans, in which you can apply for them anytime if you want. But with the consolidation of government student loans, you have to make some important considerations.First of all, it should be noted that ideally, federal college loan consolidation programs should be obtained by the student borrowers during the grace period. During this time, the much lower loan interest rates will be applied. This will help in estimating the average fixed interest rate in order to consolidate federal student loans.Availability of low rates is one benefit that student borrowers get when merging loans during the prescribed grace period. However, if you decide on deferring consolidation and apply for merging on your federal loans after the grace period, higher interest rates will then be used in arriving at the rate to be used for the loan consolidation programs.Therefore it is only advisable that one merges his college loans within the prescribed grace period in order to avail of the much lower fixed rates of interest for his student loan consolidation and obtain corresponding low monthly payments.If you are indeed decided in consolidating your college loans, even if such loans are already being repaid, merging them is definitely allowed and will be financially beneficial to you. This is why when you apply for college loan consolidation programs within the grace period the interest rates on your federal loans are fixed while the rates are still in a low level.

Federal College Loan Consolidation – Merge Within the Grace Period

When it comes to federal consolidation loan consolidation programs, many student borrowers must know that there are certain deadlines, most of the time difficult and stressful, imposed on it. It is unlike the normal private and federal student loans, in which you can apply for them anytime if you want. But with the consolidation of government student loans, you have to make some important considerations.First of all, it should be noted that ideally, federal college loan consolidation programs should be obtained by the student borrowers during the grace period. During this time, the much lower loan interest rates will be applied. This will help in estimating the average fixed interest rate in order to consolidate federal student loans.Availability of low rates is one benefit that student borrowers get when merging loans during the prescribed grace period. However, if you decide on deferring consolidation and apply for merging on your federal loans after the grace period, higher interest rates will then be used in arriving at the rate to be used for the loan consolidation programs.Therefore it is only advisable that one merges his college loans within the prescribed grace period in order to avail of the much lower fixed rates of interest for his student loan consolidation and obtain corresponding low monthly payments.If you are indeed decided in consolidating your college loans, even if such loans are already being repaid, merging them is definitely allowed and will be financially beneficial to you. This is why when you apply for college loan consolidation programs within the grace period the interest rates on your federal loans are fixed while the rates are still in a low level.

Government Aid in Free Debt Consolidation – Facts on Government Sponsored Debt Relief Programs

When the economy was thriving it seemed like there was a great new credit card offer in the mailbox every week. Many of us couldn’t resist the temptation of growing our spending power and living a little bit further beyond our means. Now the economy is not so hot and those credit card bills are catching up to us, especially those who have lost their jobs, had shifts cut, and are only making enough to make it by month to month. If you are just barely making ends meet while drowning in credit card debt, medical bills, or other debt, you definitely will want to learn the facts on Government sponsored debt relief programs.Government aid in debt consolidation has received millions of dollars in additional funding this year, and is expected to receive even more federal funding in 2011. Government debt consolidation programs work by eliminating your high interest debts and replacing them with one low interest loan, with a single monthly payment that is custom tailored to suit your personal financial situation. It’s win-win for the entire US economy as the creditors get their loans paid off by the government and you benefit by receiving lower interest rates, lower monthly payments, and protect your credit score.Along with government sponsored debt relief programs, there are also many great privately owned consolidation lenders who offer equally helpful debt relief programs. The easiest way to determine which of these programs is best for your financial needs is to request a free quote online. This can be done on one of several debt consultation websites online, and will give you a better insight into exactly which programs are available to you, and how much you can save with a debt consolidation loan.

Federal Government Debt Relief Loans

The Obama administration has stepped in to help reduce consumer debt with free government debt consolidation loans. One example of a successful government relief programs is the DOE, part of the Direct Loan Consolidation program. These programs helps consolidate your loans into one single low-interest loan. High-interest debts from credit cards, student loans, medical bills, and many other types of debt, can be paid off and you pay the single low interest loan. With the DOE program you lower your monthly payment through extended payment terms, such as ten-year or twenty-year payment plans creating the opportunity for you to slowly pay off you debt with a smaller payment each month.If you are wondering the best way to get started then you can continue right here online. From the comfort of your home of office you can connect with several free government and private debt counseling services with the aim of helping you determine which programs may apply to your individual situation. The amount of help available right now is unprecedented, so the odds are that no matter what your financial situation is there is likely a program that can help you.With unemployment still a big issue today it is comforting to know that our government is helping – your lenders also benefit because your debts are paid back in full, you benefit from lower interest rates and sometimes even from the elimination of some of your debt. The whole country benefits from a return of optimism to our economy. Request a free quote today and see which programs are available to help you become debt free months or even years earlier than you thought possible.

Government Student Loan Debt Consolidation

Cost of EducationAs a large section of the students today opt for higher education, the cost of education has increased considerably, and the students are compelled to resort to educational loans after school. So for those who are staggering under a huge credit, the government student consolidation loan is a perfect boon!How Can a Government Student Loan Consolidation Help You?With a government student consolidation loan, the students can combine and consolidate their existing loans into a new one, and thus reduce their monthly debt payments. With less to spend on their debt repayments, students would find it easier on their pockets.The students get more time to repay the government loan consolidation. What’s more, its interest rate is far less than that of the others. This pulls down the monthly payment amount, making it easier for the students and their parents. A student gain would most from this loan if he takes it after graduating, when his grace period is yet to end. He can thus avail of the lowest possible rate of interest on the new consolidation loan. With this loan, a student can do with signing only a single check a month. One can even consolidate private loans, but it wouldn’t be possible to change the loans if he wants to go back to school.Who can Opt For a Government Student Loan Consolidation Program?Generally the students who have taken federal student loans are allowed to take a government student loan consolidation. It’s necessary for the students to have more than one loan, and that too without any arrear on the existing loans. The students need to pass out of school before they take this loan. The time period allowed for repayment would vary according to the amount of loan consolidated.The Loans that the Government Loan Can Consolidateo Federal Consolidation Loanso Federal Direct Consolidation Loanso HEAL/HPSL Student Loanso Parent Plus Loanso Perkins Loanso Stafford Loanso And many more…When you consolidate the federal student loans, not only would it reduce your number of loans, but will also give you a better credit score. You would not even need any credit check in this case, as the federal student loans are endorsed by the US government.You’d find the Government Student Loan Consolidation EasyYou can seek the help of the loan counselors in your school to know what steps you need to take to applying for these loans. Application for student loan consolidation quite easy- even an email or a phone call would be enough for applying and one could consolidate his loans within one to three months of applying.