Opportunity Profile
Debt Clearance Grant
- Funding
- $100,000 – $250,000
- Deadline
- Oct 21, 2026
- Status
- OPEN
- Type
- Direct Payoff Grant
Overview
Second Chance pays down verified debt directly with creditors — paired with required financial counselling so the relief lasts.
Applicants must commit to a 12-month post-award financial stability plan.
Funding Details
Awards from $100,000 up to $250,000 paid directly to verified creditors (no cash to applicant).
Required financial counselling is provided at no additional cost to the applicant.
Eligibility
Adults 21+ with documented consumer or medical debt, regular income, and willingness to complete mandatory financial counselling.
Applicants with active fraud flags, undisclosed debt or pending litigation are ineligible.
Requirements
- Government identification
- Recent statements for each debt to be cleared
- Proof of regular income (3 most recent pay stubs)
- Signed commitment to financial counselling program
Application Process
- 1
Submit debt statements and income proof
- 2
Eligibility screening call
- 3
Creditor verification
- 4
Award notification
- 5
Direct payment to each verified creditor
- 6
12-month financial-counselling engagement
- Funds are paid directly to creditors — never to the applicant
- All participating creditors must agree to mark accounts as settled in full
- Failure to complete counselling may affect future eligibility for any Second Chance programme
No fees are payable to the funding organization at application stage. Fees discussed with FedOP relate solely to professional consulting services.
Official Opportunity Source
Official Opportunity Source
secondchancefsn.org
Listing verification updated Aug 26, 2026
Fedop Professional Support — Optional Add-On
The funding organization administers the program and makes all award decisions. FedOP Grant Services is a licensed, government-approved partner — where you engage us, the following professional services apply:
- Debt-statement collection and organization
- Income documentation review
- Creditor contact protocol
- Counselling-program enrollment
Need help positioning your application for this program?
Always confirm current details via the official source before committing effort.