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 PostsAlmost $3 billion of student debt to be wiped in federal budget – 9NewsMay 6, 2024Help and Hecs debt calculator: see how the changes to indexation could affect you – The GuardianMay 6, 2024Relief for millions of students as $3billion in HECS debt set to be wiped – 7NEWSMay 5, 2024$3 billion in HECS-HELP debt to be wiped for millions of Aussies – here's how much you'll save – Yahoo Finance AustraliaMay 4, 2024Labor to wipe $3bn from Hecs and Help debts through indexation changes – The Guardian AustraliaMay 4, 2024HECS indexation to be overhauled in budget with $3 billion in student debt 'wiped out' – ABC NewsMay 4, 2024
Help and Hecs debt calculator: see how the changes to indexation could affect you – The GuardianMay 6, 2024
$3 billion in HECS-HELP debt to be wiped for millions of Aussies – here's how much you'll save – Yahoo Finance AustraliaMay 4, 2024
Labor to wipe $3bn from Hecs and Help debts through indexation changes – The Guardian AustraliaMay 4, 2024
HECS indexation to be overhauled in budget with $3 billion in student debt 'wiped out' – ABC NewsMay 4, 2024