Understanding the Poverty Level

There are certain events in life that cost based on a sliding scale. Three of the largest items are student loan repayments, medical bills, and down payment assistance when buying a home. Most of these payments are based on what percentage you are of the poverty level. For instance, at Tampa General Hospital, you are potentially eligible for a reduction in the cost of services if, as a household of 2, you collectively make less than 200% of the Federal Poverty Level. In this case, the annual income can be as high as $32,920. These levels- especially when combined with their percentages could provide an opportunity financially for you. If you are trying to buy a home and are interested in whether or not you qualify for down payment assistance, or a reduction in medical costs, or are struggling with student loan payments- give Delta Credit Restoration a call for a free consult to learn more about your options.

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