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As more consumers apply for government aid, debt consolidation can provide further help by lowering bills
By Peggy Stillwell on Apr 11th, 2010
Government programs do exist to help those in financial trouble put food on the table or pay for medical expenses.
However, as the effects of the last recession are still felt, more people may find they have to rely on the assistance provided by Medicaid and Supplemental Nutrition Assistance Program, the latter more commonly known as food stamps.
According to a report from the Atlanta Journal-Constitution, SNAP saw a 32 percent increase in Georgia from December 2008 to the same month in 2009. During that time, Medicaid recipients also went up by 9 percent. But the paper noted the state is planning on reducing the number of workers who administer the program by 137 people.
"That has alarmed advocates, who say they are already seeing the increasing numbers cause delays in approvals, lost paperwork and cases falling through the cracks," the report said.
While programs start to dwindle in their ability, consumers may have to turn to other options to help deal with debt. Although budgeting and money from the government may help, it may not be enough to curtail the amount of credit card debt consumers have amassed for day-to-day expenses, such as groceries.
Consumers who are having trouble with credit card bills may consider debt consolidation, which can help them manage their bills lowering how much they pay in interest over time.
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