Many people are struggling with credit card debt, with U.S. consumers racking up balances totalling $1.13 trillion in 2023s fourth quarter, according to a Federal Reserve Bank of New York report released in February. Desperate consumers seeking relief may find offers for help on social media that purport to be from the government. Usually they are not. An April 13 Facebook posts caption said, “JUST IN: The administration (has) passed a new bill to help Americans with $15,000+ in credit card debt to write off their balance by 50%.” It added, “FINALLY the administration has stepped in to help those of us drowning in credit card debt,” and then said a new “Christian-led” debt relief program was created to “cut all your monthly payments in h… Read the full article at: https://www.politifact.com/factchecks/2024/apr/26/facebook-posts/debt-relief-offer-is-from-private-uk-company-not-u/ Category: Debt HelpBy Insolvency Advisory AccountantsApril 26, 2024Post navigationPreviousPrevious post:Restructuring in Europe | Canada | Global law firm – Norton Rose FulbrightNextNext post:Home building: Collier Homes, once owned by former Family First senator Bob Day, collapses again – The Australian Financial ReviewRelated PostsSecured Debt vs. Unsecured Debt: What's the Difference? – InvestopediaMay 19, 2024Financial Experts Say Debt Consolidation Helps With Credit Card Debt – Business InsiderMay 18, 2024China's ultra-long bonds help optimize debt structure – CGTNMay 17, 2024More people seek help for debts as fee scrapped – Yahoo Finance AustraliaMay 17, 2024These Programmes Help Borrowers Manage Their Every Day Finances – JPMorgan ChaseMay 15, 2024Debt relief ripoff: woman hires relief firm, ends up deeper in debt – WCPO 9 CincinnatiMay 15, 2024