Have anyone seen on T.V this government grant company where they can help you get things?

Question

Do anyone know if this company is legit. I'm wondering if there are really grants out there that can help you get a house, car, even get into school you know things like that I always want to know have anyone ever tried it and has it ever worked

Answer 1

I've never seen it on tv, but you never ever get given money for nothing. Unless its something to do with welfare? i dunno.

Things are always better whenever you work and save for them on your own though. Plus then at least you wont owe other people, id always be wary of companys like that.

Answer 2

SCAM ... SCAM ... SCAM

You may also want to read the warnings FTC has issued against these "grant" companies:

http://www.ftc.gov/opa/2004/03/grantreso...

http://www.ftc.gov/bcp/edu/pubs/consumer...

Here is also one of the warnings issued by the Better Business Bureau http://www.concord.bbb.org/tips_timeshar...

The government is NOT in the business of giving away free money for the sake of giving away money. There are no grants for paying bills, no grants for paying off credit cards, no grants for getting out of debt and no grants for simply fattening your wallet.

Grants are free, but it means OBLIGATION. You will be obligated to do as the grant sets out to do. Grants have objectives, and your purpose must fit the objective of the grant.

For one, you have to write the grant application and the grant application is not a simple document - you have to explain how your purpose for applying for the grant fits well with the objectives set out by the grant.

There is a stringent review process through a committee. You will compete with other applicants for the grant money, and this grant review committee will evaluate the merits of each proposal. Only those that they feel exemplifies the objective of the grant will be approved.

You can go to the Catalog of Federal Domestic Assistance (CFDA) http://www.cfda.gov and Grants.gov http://www.grants.gov - these are two sites created by the federal government to provide transparency and information on grants. Browse through the listings and see if you can find any grant that would support your purposes.

Even if you buy books on "how to get grants" or list that supposedly has information on grants -- all of them are mere rehash of what CFDA has, albeit packaged differently.

Note though that these grants generally support non-profit organizations, intermediary lending institutions, and state and local governments. Most of the federal grants are given to specific target groups with specific requirements (e.g. minority business owners involved in transportation related contracts emanating from DOT - Grant#20.905 Disadvantaged Business Enterprises Short Term Lending Program. Individuals especially for personal purposes are not eligible for federal grants.

Grants are also often given to non profit groups or organizations involved in training or other similar activities (grant 59.043 Women's Business Ownership Assistance that are given to those who will create women's business center that will train women entrepreneurs