The U.S. government has a vested interest in seeing people succeed financially. With a capitalist society that demands progress from all sectors of the population, the government can not afford to allow people to fail miserably over and over. With that in mind, they do lots of things to help out folks who are in over their heads with credit card debt. Though you might think that you are alone out there with thousands of dollars of bad consumer debt, that is really not the case. With the government programs that are currently available, you have some legitimate options to choose from.
So what are these government debt consolidation loans all about? For the most part, they are just programs that the government has specially sponsored for one reason or another. If you visit the website of the FTC, you will find that there are lots of different companies they recommend. That site alone should do a lot to show you that the government is focusing on removing debt, but they go a step farther than that. They give people real, legitimate options with their debt relief programs that have become so very popular here recently.
Some people might have lots of different debts that they need to get under control. A nice thing about the federal consolidation programs is that most of them are income-based repayment. That means that you will only be expected to pay back the loan at a rate that's acceptable based upon how much you make. This is one thing that can take the burden off of you and give you a chance to breathe. Most people are just overwhelmed when they get into debt, especially with things like student loans piling up on top of the credit card debts. The public programs make getting out of debt a reality, even if you don't think it's possible right now.
Ultimately, you should be looking for the programs that are government sponsored over those that don't have this distinction. The government is especially good at picking out companies that have the consumer's best interests in mind. This does a lot of the research for you and it's something you have to remember. Lots of services exist on the market today and you should be smart enough to realize that not all of them are created equally. Those who are smart enough to tell the difference and jump on the public system sponsored programs will have the most success.