Is There A Government Agency That Does Debt Consolidation?

Author: Hector Milla

Author: Hector Milla

Yes there is! The government, in fact, has many different programs that can help you to consolidate your debt. Most of these are made with student loans in mind, for those who recently came out of college, but there are many for those with long-term debt as well. Hector Milla Editor of the "Best Debt Consolidation Services" website -- http://www.ReputableDebtConsolidationCompanies.com -- pointed out; These programs are in many different departments in the government, ranging from the Department of Education to the Higher Education Act and the Federal Family Education Act. There are even some that were just enacted as part of the new stimulus plan The plans that are offered to students are actually excellent and broad in scope. Because this is the government, you can be certain that it will take into consideration almost all variables and be very forgiving when it comes to your situation. These plans also allow you to either switch your unsecured debt to secured, in order to lower your interest rate and monthly payment, or vice versa, if you fear being unable to pay off your debt. Plus, as with all debt consolidation, the simple act of having to make only one monthly payment rather than multiple will allow you to make more timely payments with a lower total monthly interest rate. There are also several different payment plans, at least one of which will likely fit your specific situation. These range in both the length of time of the loan as well as the interest rate. there are also both secured and unsecured possibilities available. Also, although these were originally made with students in mind, there are also options available for families and just about anybody else who is desperate for a loan. However, you have to remember that this is the government. It can try to be as understanding as it wants, but it is unlikely that it will be able to do as much for you specifically as a company. It just isn't as personal, and if you want to have individual attention you probably should go to a company. There are many lenders out there, both specifically for debt consolidation and otherwise. You should always investigate all of the possibilities before you do anything as large as this with respect to your financial situation added H. Milla. Further information about trusted and reputable companies for debt consolidation by visiting; http://www.ReputableDebtConsolidationCompanies.comAbout the Author:

Hector Milla runs his corporate website at http://www.OpsRegs.com where you can see all his articles and press releases.

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