In these rough economic times, we are all looking for financial help. Financial assistance is needed at any stage of life, no matter what your situation; there are places to turn to for financial assistance.
The first thing to assess is your current job situation. If you are unemployed, what are you doing to become employed again? If you are having a hard time finding a job, you might want to consider going back to school. The Federal Pell Grant maximum allowance was increase recently and you might be eligible for the Pell Grant or another Federal grant or loan program. Information on this program can be found at ed.gov.
If you are in debt, you may be able to obtain free or low-cost debt counseling from agencies such as the National Foundation for Credit Counseling. The agency provides financial advice on a range of topics such as budgeting, foreclosure prevention and bankruptcy. They may even be able negotiate a debt settlement with your creditors.
You may be burdened with student loan debt; in this case, the Direct Consolidation Loan program may be able to assist you with reducing your monthly payments or you may be able to defer your payments temporarily. You can find help here: LoanConsolidation.ED.gov.
Your local credit union or bank may be able to provide you with a personal loan to pay some of your debt. If you are unsuccessful in obtaining a loan from your local banking institutions, you can obtain help from Prosper.com or LendingClub.com. This is a people-to-people lending program. Your fellow citizens are lending you the money. You do have to maintain a decent credit rating to qualify for these loans, just as you would with a lending institution. The interest rate is usually set by the borrower.
If you need help due to medical problems, you may be eligible for the Medicaid Program. Medicaid offers help in paying the medical expenses of low income citizens. To find out whether you are eligible, you will need to contact your local Medicaid office or visit their website for information. If you find you are not eligible for this program, you can check to see whether there are clinics in your area which offer medical care based on sliding fees. You can find information at Findahealthcenter.hrs.gov This site is really simple to use, you just plug your zip code into the search box, and if there is a center in your area it will be shown on the screen with the clinic's location and phone number.