Debt relief offer is from private UK company, not US program – PolitiFact

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/