When you hit the age where you officially become a member of the senior citizen demographic, relaxing on some beach or a trip to the outdoors may be the first thing you want to do. After all, you lived a good life and amassed enough money to enjoy your retirement. That is unless you have huge credit card debts to your name. And being a senior citizen with such problem, trying to settle or reduce this debt is a big hurdle to overcome.
One big challenge faced by senior citizens with huge credit card debts is their capability to earn or generate a substantial income. Truth be told, it is hard for a senior citizen to keep up with manual tasks, with age as a big factor. It is a good thing there are government debt relief grants that are given to people who are in their advanced age.
But before you continue reading, these relief grants are not designed for credit card debt settlement. However, with such funds available, you can use them to settle your debts and enjoy a good life to come. Here are some of your options.
If you are 65 and above, you can receive full-covered medical and healthcare services by applying for a Medicare Hospital Insurance at your local Department of Health and Human Services. While this may not sound like a grant that would provide you money to settle for your credit card debt, this grant relief from the government acts as a financial safety net if you ever need medical care, which is quite expensive. That way, you can save money with which you can use to settle your debt.
If you are a senior citizen and would like to provide foster care despite your credit card problems, you can get funding and more by applying for a program sponsored by the Corporation for National and Community Service. While it is not designed for credit card debt settlement, you can use the funds to clear your debts, provided that you use it initially to satisfy the requirements for the program.
There are still a number of financial programs that the government sponsors for the aged members of the population. Though they are not government debt relief grants exactly, the funding can help you gain significant amount of money that you can use to settle your debts.
