Posted on
March 22, 2010
at
1:52 am
Can you discuss the obama debt relief grants? I hear about them but don't understand. Thanks.
Posted on
March 22, 2010
at
3:22 am
Hi there, the reason why you don't understand the Obama debt relief grants - is that it doesn't exist. It's a misnomer for the Obama economic stimulus plan, I think, which doesn't have a direct relationship to debt relief (which is a privately run industry). And the term grant or grants - is different from debt relief.
Posted on
March 22, 2010
at
3:30 am
The closests to the obama debt relief grants that I could think of is - the
Credit Card Accountability, Responsibility, and Disclosure (CARD) Act of 2009 - which is now in effect.
Posted on
March 22, 2010
at
4:22 am
Obama debt relief grants - - the
Credit Card Accountability, Responsibility, and Disclosure (CARD) Act of 2009 - what it's about ---- -The credit card company can only increase the interest rate if the consumer's payment is 60 days late -Unless the consumer has asked for an over-limit fee, the creditors can't charge the consumer for it. Also, banks may not charge late fees if they were also late in crediting a payment. -Credit card companies may not market to people under the age of 21, without parental permission, or verification of their ability to pay.
Posted on
March 22, 2010
at
5:36 am
The Obama administration might not have something for you with regards to debt relief but depending on your situation/need - this government site may have something else for you - benefit, grant, aid, etc.
http://www.usa.gov/Citizen/Topics/Benefits.shtml
Posted on
September 15, 2010
at
9:38 am
I got one of these direct mail pieces offering a grant to pay off my credit cards as part of the stimulus initiative. Is this the same thing?
Posted on
September 17, 2010
at
1:51 am
Unfortunately there is nothing like
Obama's debt relief grants , it's just a propaganda.
