If your question is 'should the government pay the debts of its citizens' the short answer is "No". The US Federal government has only the powers granted to it by the Constitution, and nowhere in the Constitution will you find anything like the power to pay off private debt, or to bail out banks, for that matter. However, a number of power-hungry bozos have been 're-interpreting' the Constitution for over a hundred years, so it's not surprising people are confused about questions like this one.
they thought inflation would help them out of debt. many farmers were caught in a cycle of constant debt.
“Can a government grant help an unemployed person with a $20,000 credit card debt?
1. They have to provide them with fertilizers,seeds,insecticides etc... 2. Bank should provide them with loan. 3. If their crops are bad they don't get money. And their loan from the moneylenders are being large. So,they are in debt with the moneylenders.
The function of debt negotiators is to provide financial help to those who require it. They provide litigation help with those filing for bankruptcy and negotiate settlements for those struggling to pay debts.
There are many places where one could receive help for bad debt. The best places to receive help for one's bad debt would be the government who can help one go through bankruptcy.
Those who are in debt should surely go to debt counselling to seek help from a debt advisor. Going to debt counselling will give you a picture and a solution for your debt problem.
StepChange Debt offers free government advice for people who need help with their debts. They can help you look over your finances, show you how to pay off your debt quickly and advise you on which debts to pay off first, if you can only afford to pay a few at a time.
Debt settlement companies offer services to help people in debt easily pay off their debt. They work with you and those that you have debt with to come up with a solution.
Debt problems in the UK are rampant in both the consumer and the government financial arena.In 2013 the UK's debt status was downgraded. Although the government has it's own problems with debt, it has several services and financial management plans available to the public to help with personal debt.
they thought inflation would help them out of debt. many farmers were caught in a cycle of constant debt. more currency in circulation would help them pay off loans.
Christian debt consolidation services help honest Christians consolidate their debt into one easy payment per month. They use biblical principles of honesty and commitment to help those in need.
Those who are in debt may need help figuring out how to get out. While making a budget is a great first step, creating long term goals is best done with a debt calculator. This will help determine what payments should be made and how long it will take to eliminate debt.