About 6 million Americans are actually falling behind their loan payments. Recent surveys have shown that the rate of acceleration of delinquent loans has a rather steep slope; in other words, the problem is getting worse and worse every single day it ensues. More Americans than ever are seeking government financial assistance for personal debt consolidation. Tens of federal agencies are present across the United States and are continuously helping those who are drowning in their debt problems.

Personal debts are those loans which are non-profitable. Personal loans include mortgage loans, credit card debts, automotive loans and students' loans. After the last economic recession have touched the standard of living of a large proportion of middle classed Americans, the government have decided to expand the assistance offered to those who aren't able to repay their debts.

President Obama has offered hope to all Americans who are struggling to meet their mortgage monthly payments. The new president has proposed a bill that will help every delinquent mortgage holder pay his/her debt at more affordable terms. If you are experiencing a financial hardship, living on the property for which you are paying the mortgage and your creditors haven't declared bankruptcy, you are most probably eligible for modifying or consolidating your mortgage loan. The US housing department can help you get another loan "a consolidation loan" to pay back your mortgage loan. The interest rates of consolidation loans are somehow lower than those of the original mortgage loan.

Students' loans are growing to become a national problem. Parents often work themselves out in an attempt to meet their children's students' loans payments. Federal students' loans can be subjected to consolidation if you are experiencing a serious personal economic hardship. Many federal counseling agencies can help borrowers qualify for receiving one or more consolidation loans. These loans are usually at low interest rates and could be amortized over long periods which can ensure a convenient low monthly payment.

If you're experiencing problems with your credit card debts, federal non-profit credit counseling agencies are your sole way out of debt. These agencies offer free services which include counseling, settlements and financial funds. Moreover, modification loan are sometimes available for eligible delinquent credit card debtors.

The current economic stagnation is continuously adding up to the national debt which has reached a sum of billions of dollars. Government financial assistance for personal debt consolidation is continuously dissolving the problems of Americans who are deep into debt.