Should You Turn to the Government For Help When You Are in Debt?

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Many people think that the government can relieve them from any kind of debt and they can start their life all over again, without having anything to care about.
Things are not at all this way.
It is true that the new stimulus package has as main goal that of relieving people of debts.
Yet, not everybody can benefit from this stimulus package.
If you have a debt which does not exceed $10,000, then you cannot qualify for help from the government.
Only those people whose unsecured debts surpass this limit of $10,000 can ask for their debt to be legally erased.
For the others, the government has approved specific regulations which protect them against greedy creditors and collection agencies.
Thus, any tricks that might be used to collect a debt are prohibited by the Federal Trade Commission and will not be taken into consideration in case of a trial.
Also, they are not allowed to give false information about your debt.
You should not accept to be threatened by collection agencies or debt collectors, as they do not have any legal basis to do this.
Moreover, you should not give them more money than your original debt, as they are not entitles of perceiving any kind of taxes or fees.
If you are struggling hard to find a grant that will release you from your current debt, smaller than $10,000, you should not look any more, because currently the government offers this kind of grants only for those who have bigger debts.
Yet, you must not lose your hope and let debt collectors do whatever they want with your money.
Stand up for your rights and you will see that you are going to pay your debts easier.
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