A government debt consolidation loan is usually found through any one of a number of government loan programs. Most of these programs are established to provide a reasonable amount of financial aid to various classes of individuals from college students to veterans of the armed services. A government debt consolidation loan can be a very useful tool in consolidating your loans from a college education, poorly executed mortgage or even credit card debt. The government has most recently created a number of programs to help Americans deal with mortgages that were improperly structured and resulted in debt that was unmanageable. These programs are a good example of those that may offer a government debt consolidation loan.
Finding a government debt consolidation loan offered through one of these government programs is the first step. There are a number of useful government sites available to consumers. It is important to explore options and programs at your local and state level as well as those programs offered by the federal government. A government debt consolidation loan can be found in most cases with a small amount of work. In some cases it may be helpful to use the services of a social work agency or even a debt counseling service provider. These groups generally provide this type of research as a free service to those in need. Additionally, they have a direct link to the resources available and the experience to help you find a solution quickly.
A government debt consolidation loan is typically very competitive when compared to loans of a similar makeup from traditional lenders like your local bank or credit union. A government debt consolidation loan will typically offer a very low interest rate over a long term which will help you reduce your monthly payments and roll all of your debt into a more manageable payment. You may even find that some programs help eliminate a portion of the debt actually lowering the total amount owed to the lenders.