If you are interested in obtaining grant money to enable you to consolidate your personal loans, you may want to take advantage of some of the extra money that the government has given out to various states, communities and organizations for just this purpose.

Yes indeed, the Federal Government is so concerned about the increase in personal debt that they set up over a billion dollars for debt consolidation relief.  Unfortunately, the only people who seem to be taking advantage of these available monies are large fortune 500 companies who use their corporate status as “individuals” to take advantage of the money.  So why aren’t more people taking advantage of these grants, and how can you go about getting help for your own debts?

Primarily, the answer to this is that most individuals don’t know how to go about looking for and applying for a debt from the organizations that have been given this federal debt consolidation money.

Steps to Getting Debt Consolidation Grants

1. Know that the money is available.  Just knowing that there is money out there is going to help you when it comes to looking for it.  After all, if you don’t even know it exists, why would you bother looking?
2. Narrow down your search.  In order to apply for money you are going to need to apply to foundations, organizations and government programs that would be a good fit for your own needs.  For example, if you are looking for money that will help you to consolidate your personal debts you can rule out grants that are earmarked for specific programs that do not apply to your situation.  Do a Google search of all the different organizations that have been awarded grants by the federal government regarding debt consolidation, then look into how many individuals or programs they have sponsored
3. Think outside of the box!  When you are looking for grant money for personal debt consolidation, don’t be scared off by references to ‘projects’ and ‘programs,’ simply rephrase your need to make it sound like a project or a program; one that will enable your family to live more comfortably and be able to give you the freedom to give your children a better life, to pay for their college tuition or other ‘projects.’
4. Be Professional!  It is important when you are writing up a grant proposal that you approach it very professionally.  Take a course in grant proposal writing to polish up your writing skills and make certain that you clearly state your case and explain why you should be given the money and how it will help yourself and the community.
5. Apply for more than one grant!  Don’t limit yourself to just one grant offered by one group or one organization.  Apply to each and every grant that could possibly be used towards your debt consolidation, that way even if a few of them turn out to be no-shows you’ll have something to show for your time and effort.