Benefits consolidating credit card debts
However, both state and federal laws restrict the activities of small-dollar short-term lenders.You may have a legal out if the company violated any of these laws.However, each program works indirectly and affects only a small well-defined group – if at all.
The rule also limits the number of loans made to a single person. The federal government does sponsor debt forgiveness for select obligations – the ones they have direct control over such as student loans and tax obligations.
However, government-sponsored enterprises (GSE) help certain consumers obtain home loans with longer repayment terms, lower interest rates, and smaller down payments.