A federal government program that is much like a personal individual grant you don't have to pay back, is the Supplemental Nutrition Assistance Program (SNAP).
Online applications for 100% free government grants, gov loans, plus unclaimed money and property search.
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Government Grant and Loan Facts:
Don't be scammed by ads; whether on radio, tv, or online, about free money from the government. The federal government does offer grants and loans, but the information you pay for may be misleading. Here are the facts:
The differences between grants and loans. Loans are obligations which must be repaid, and often with interest. A grant; however, does not require repayment, but there are extremely few grants available for individuals. Most grants are awarded to universities, researchers, cities, states, counties, and non-profit organizations. Loans are generally the best bet for individuals.
Grants for Personal Individual Use
As the economy continues to stagger, with high unemployment, rising living costs and mounting debt, consumers turn to the internet in search of free grants for personal individual use.
While individual grants such as Pell Grants for education are indeed available for personal education use, typically government grants are awarded to foundations and organizations, which then serve individuals.
But that doesn't mean that there will never be a broader range of free grants for individuals. As of the date of this article; however, there are not; for example, free grants for personal debt. To stay current with grant opportunities, individuals should frequently check for new programs.
In addition to government websites, there are also private foundations and website links that can assist in grant searches, in addition to submitting grant application proposals.
Meanwhile, if there is not yet available; or if you do not qualify, for a free grant you never have to pay back, there are still other options including state assistance programs. The best tip is to keep all your mind open to other solutions. Instead of focusing only on; for example, a free grant to pay bills, also look for assistance to help you meet other expenses (such as food or housing assistance), which would free-up money to pay debts.
Turn over every stone, be watchful of scams and; if you find a program which you may qualify for, consider having an experienced, professional company submit your application. For example, a lawyer that specializes in SSI disability may increase your chances of getting supplemental security income approval.
Don't try to call the United States Department of Grants. There isn't one. Federal agencies may have different rules for who is eligible for grants and loans and how to apply.
To get an idea of all the federal grants available, browse the online Catalog of Federal Domestic Assistance. These listings are updated annually.
Be aware that grants require you to submit a proposal to the federal agency describing what you plan to do with the money. Even after submitting a proposal, it may be quite some time before the agency either approves or denies your request.
Grants also require you to fill out forms, generally on a quarterly basis, that tell how much money you have spent and what you have spent it on, as well as how you are progressing on the work you promised to do.
A better approach for most consumers is to visit GovBenefits.gov. You check off which categories you fit into (for example, veteran) and then answer a series of questions. GovBenefits will identify loans and sources of financial assistance for which you may be eligible and tell you how and where to apply. You may be surprised what you are eligible for- there are forms of assistance available for a variety of personal situations including disaster victims, farmers, or people with teaching experience.
You can fill out an application for Federal Student Aid by visiting the Department of Education's website. You may be asked to provide information about your income and your family's income to determine your eligibility. Save report cards and transcripts in case you need to report your grades. Have a good idea of what schools you plan to apply to and what you want to study.
Visit GovLoans.gov to learn more about well-known programs such as Pell Grants, Work-Study, and Perkins and Stafford Loans.
The Department of Veterans Affairs website can tell you more about the "GI Bill" and other programs for veterans and their survivors and dependents.
GovLoans.gov also has information about Parent Loans for Undergraduate Students (PLUS). Eligible parents can borrow to pay the educational expenses of dependent undergraduate children who are enrolled in school at least part-time.
Beware of "scholarship scams." For example, be wary when you hear that your bank account number is needed to "hold" the scholarship. Be sure the scholarship is legitimate before giving out any personal information.
The Department of Housing and Urban Development (HUD) helps individuals by giving grants to non-profits and local governments, however HUD does not offer assistance directly to consumers. Visit or call the HUD office in your state to find out more.
Here are some HUD loans and other options to explore:
HUD's Federal Housing Administration (FHA) insures loans, allowing you to purchase a home for as little as 3% down. Anyone can apply, but there is a limit on the loan amount they will insure-this varies according to geographic area. You can also wrap the closing costs into your mortgage.
A foreclosed or "HUD Home" may have a lower asking price. Most HUD Homes are affordable for low to moderate income families.
Through the Department of Veterans Affairs, veterans and their families may be eligible for loans to buy a home.
The United States Department of Agriculture's Rural Housing Service insures loans for the purchase of homes in rural communities.
Fannie Mae has a website that can help you find a low cost mortgage and a lender that are right for you.
Visit HUD's website to learn about programs to assist you in renting a house or apartment. You can locate low-income housing, or apply for a Section 8 voucher that you can use to pay some or all of your rent.
The Rural Housing Service makes financing available to elderly, disabled, or low-income apartment residents in rural areas to ensure they are able to make rent payments.
You can also visit a SBA Small Business Development Center for help with starting, financing, or expanding your business.
As the saying goes: "Buyer Beware". If you see ads claiming you qualify to receive a "free grant" for education, to start a home business or to payoff unpaid bills but you must pay a processing or membership fee to obtain the information, be wary. Scam artists will claim your grant application is guaranteed to be accepted and approved, and you never have to repay the money. But the Federal Trade Commission (FTC) warns that these grant offers are often a scam. The grant isn't free, nor is it guaranteed, nor is a refund.
According to the FTC, some scam artists market "free grants" in classified ads and on the internet, as in the example ad below:
When you call their toll free phone number, here's an example of what happens:
A company representative asks non-threatening, simple questions to supposedly determine if you qualify to receive a grant. The representative then acts as if he/she is checking your eligibility, and then congratulates you as being eligible. But for you to get the grant information from them, they will charge you a processing fee. Although they will promise you that the grant is guaranteed or you can get your money back, the truth is far different.
They will tell you that the processing fee is for finding a grant source and sending you the appropriate application package in the mail. But you won't receive an application or a source. Instead they send you a list of agencies and foundations which you must write and request an application. In order to get your refund, you must apply to; and be rejected by, all these agencies within 90 days.
Most grantors don't award grants to individuals for personal needs. Generally grants are to serve mankind and communities as a whole, such as job expansion, training under-employed youth, preserving history, funding charities, art museums, or for researching medical issues. So, even if you're in a financial hardship, or you may be an unwed mother, a single parent, a minority, etc, you're not likely to get approved for a personal use grant. And you may as well forget about getting a refund from the grant "broker" because the conditions for a refund are nearly impossible, requiring you to apply at every grantor on the list they provided to you and be denied by each resource within 90 days. If even one resource doesn't reject you within the first 90 days, you won't get your refund, nor will you get it back if the rejections are past the 90 day requirement.
If you're thinking about applying for a grant, remember that the applications are available to you for free and that anyone who guarantees you a grant is likely to be interested in their own financial gain, not yours. If you think you may have been a victim of a grant scam, file a complaint with the FTC by visiting www.ftc.gov or call toll-free, 1-877-FTC-HELP (1-877-382-4357); TTY: 1-866-653-4261.
Don't fall for grant scams. Use the free resources available to you at public libraries, on the internet, and at Credit Federal
With our resources, you can research and apply, 100% free for Government Grants with no fees. Plus you'll have unlimited access to Unclaimed Money which you can immediately claim with no credit card required. Our links also include Educational Grants, and Grants for Disabled people, and even Veteran Grants. Search now for government assistance as well as individual grant foundations.
Search for government bailout grants and other government debt relief grants. If you're an individual, check for government grants to pay bills.
Free Grants for Personal Individual Use As the economy continues to stagger, with high unemployment, rising living costs and mounting debt, consumers turn to the internet in search of free grants for personal individual use.
NOTICE: This site provides Government Grant and Unclaimed Property links as a free public service and is not a grantor. These government resources enable you to search and apply for grants and unclaimed property with absolutely no fees, no hidden charges, and no credit card required. For Gov Grant, Unclaimed Property or Private Grant Foundation questions or applications, contact the appropriate authority. Read our article, or select specific areas: Grant to go to college, Grant to buy a home, Grant to pay rent, and Grant to start a business. Research all government grant information.
Personal credit scores are based on standards of the major credit rating bureaus: Experian, Equifax, and TransUnion. Lenders average the fixed score from each of these to determine a borrower’s eligibility and terms of financing. The rating system looks at several factors and gives a points rating to each one. Positive and negative factors can affect the score.
Factors that can affect credit scores:
* Payment history accounts for about 35% and the way debts are paid, for example if they are paid in a timely manner or paid late. It reflects the number of past due items and how long they were
delinquent, or if there was any collection activity. Another factor is any public records like bankruptcies, liens, and wage garnishments.
* Current total debts accounts for around 30% and considers the total amount of debts owed. This is the number of accounts and each balance owed and it influences FICO scores. Credit bureaus will
look at outstanding debts in relation to the available credit. Getting out of debt by paying down debts can help raise scores over time.
*The length of credit history is a factor concerning the amount of time accounts have been open and the account activity.
* New credit is any recent accounts established. This also includes any credit inquiries indicating attempts to get new lines of credit.
* Types of credit considered is the total number of the types of credit that has been secured. This includes revolving debt on credit cards and retail accounts.
Some lenders may not view past performance as a guarantee of future performance. This is not always true as a credit rating is an indicator of past borrowing and repayment performance.
This can give lenders an idea of how likely it will be for a borrower to repay a new loan in full, on time. They use a consumer's credit rating to determine their risk in loaning money.
A person who has a good credit rating may not have to pay high interest fees or may not have to give a large down payment. Personal credit scores are used to determine whether to loan money to small businesses and corporations. Factors like age, race, ethnic background, religion, sex, and marital status, do not influence scores. Employment history, current employment, wages, and assets are not taken into consideration as part of FICO scores, yet some lenders may look at these areas when evaluating a person's credit worthiness.
Qualified borrowers have a FICO rating of 750 or better, yet people with a score of 650 may be able to get a loan that has higher interest rates. These scores can change monthly to reflect any changes to the criteria used to determine the score. If a loan is paid off it could improve scores. If a bill is not paid or bankruptcy is filed, it could lower scores. Monitoring scores can help identify any problems that may need correcting. AnnualCreditReport.com is the site to visit to request a free credit report, and get credit information almost immediately, but it can take longer when not using the Internet. Credit services can help monitor FICO scores but it usually requires a monthly fee.
Personal credit is important to maintain, and when repairing credit is a goal, having setbacks that can knock credit down is to be avoided. Paying bills late is just one of those things that has a lowering effect on scores. When credit is poor and bills are late, sometimes it is best to get money fast so the bills can be paid on time.
This is when a small payday loan can be handy and easy to get for most applicants. Many of these lenders accept all credit types and applicants can get an answer in a hurry. This is a source to get money that can be repaid on the next payday or within a couple of weeks or months. Getting money so payments can be made on time, can eliminate high late charges.
Personal loans use to be very hard to get for people with bad credit, not so any more. There are fast cash programs that are helping people in all states get the funds they need within a day or less. Many of these loans can fit the needs of consumers throughout the United States. Whatever the applicant may need the money for, does not matter, they may be able to get approved faster and easier using online lenders.
There are always questions from people who have never applied for a loan. Questions are not a problem, as most sites have an FAQ page, so the applicant can get answers and complete the form. It can be best to read about when the loan is due to be repaid, and the requirements for the loan. Read about the payback date, as these vary between companies. Some loans are for a few weeks, others are due in a couple of months. Getting quality service with online payday loan companies is possible. There are many respectable lenders. Getting a small loan is an option that a non homeowner can have, without any collateral. Paying back a personal loan on time, can help provide good history on credit reports, if the provider reports to major agencies.
A few ways payday loans are used:
* Pay for college and books.
* Pay for child care.
* To pay bills on time.
* To buy a computer.
* To purchase gifts.
* To take a vacation.
* To pay for repairs.
* To have money during an emergency.
* To make home improvements.
* To get a down payment for something.
Often people have situations that can cause stressful days and nights. Sometimes, just getting money for financial problems, helps until a few paychecks go by. Paycheck loans allow people to apply 24 hours a day, 7 days a week. There are quick forms online, and getting an answer does not have to take days. Even Americans with the worst credit may be able to get approved for a small loan.