For a variety of reasons, many families find themselves facing financial difficulties at some point. These circumstances can also result in the accumulation of debt. Fortunately, when paying rent or mortgage payments, and buying food, clothes, and other essential items becomes difficult, there are many different resources available for low-income families seeking debt relief and help.
State Programs
Every state has a variety of resources and programs designed to help low-income families. These programs range from temporary assistance with rent, mortgage, and utility payments, to credit counseling, employment services, and emergency food assistance. Contact your local Department Of Health Services office for more information.
Federal Programs
Programs operated by the Federal Government and designed to help low income families make ends meet and get out of debt include low-income legal assistance and counseling, as well as work assistance and low-income housing assistance through U.S. Department of Housing and Urban Development (HUD). Your local U.S. Department of Human Services (DHS) is also a good resource for obtaining more information about these types of programs.
Credit Counseling
Credit counseling and debt consolidation loan programs are also available to low-income families, provided that they meet certain qualifying criteria. Many private counseling agencies exist for this purpose, and generally base their fees on a sliding scale, depending on income. Credit counselors will work to negotiate affordable payment plans with creditors and to plan a realistic budget and financial goals.
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