While there are many legal ways you can seek relief from debt, and bankruptcy options give you ways to reset your entire financial life for a better future, the truth is that none of these ways are easy. In fact, if a way out of debt seems to good to be true, you know what the saying says about that. It probably isn't real.
For years, scammers have targeted people who are in debt, banking on the desperate desire to be out of debt to push these people into taking risks they might not normally take. One of these scams, which has popped up every few years in some form or another, is the government grant scam.
Like all good scams, this one starts with something that is not only plausible but is actually real. The United States government does hand out grants for any number of reasons. You can get grants to start businesses, conduct research, or go to school. You can't usually get grants simply to pay off your debt, and the government doesn't normally make phone calls harking its grants to those who might want to take advantage of them.
Calls, emails, and mailings come from fake government agencies in these scams. Agencies with names that sounds official, such as the Federal Grant Association. If you receive an offer from a government grant agency that was unsolicited and seems at all suspicious, it probably is. The scammer is looking for your personal account information so they can steal funds or your identity.
Instead of taking desperate measures or falling for scams, speak with an attorney about legal measures for handling your debt. Bankruptcy isn't the easy way out, but it might not be as difficult or as scary as you think.
Source: AARP, "Federal Grant for You? It’s Uncle Sham Calling," Sid Kirchheimer, accessed Oct. 16, 2015