A government debt consolidation is a kind of loan an individual can apply for to eliminate several debts and roll them into one payment arrangement. This is a program backed by the federal government to aid those who want to make the various interest rates of their several debts more manageable. Through the money you have obtained from a government consolidation loan, it is now possible to maintain a lower monthly payment since previous creditors are paid up by the amount secured. However, government loans are only available for certain kinds of debt circumstances. [Read more…]