Video wrongly claims US granting $15,000 to pay debts | Fact check

Jan 19, 2024 · No new law helps Americans cut credit card debt There are no credible news or government reports about any such law or program. A link in the post leads readers to a private debt relief company in ...

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Video Wrongly Claims US Granting $15,000 To Pay Debts | Fact Check

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usatoday.com

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Video On 'American Debt Relief' Program Misleads - PolitiFact

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Oct 3, 2023 · Video shows a family learning their debt was resolved by the “American Debt Relief program” for American citizens and legal residents who “have over $20,000” in credit card debt.

politifact.com

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Fact Check: There Is NO Government Program Erasing Debts Over …

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Is there a government program that is erasing debts for Americans with more than $10,000 in debt? No, that's not true: A video that implies that there is a government program in which …

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Tweet Peddles False Figures On US Student Debt Cancellation

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Oct 28, 2021 · A tweet claims student loans annually cost the US government $60 billion to service and that canceling them would save at least that much money. This is false; experts …

afp.com

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Biden Administration Removes Over $55M In Loan Debt For Students

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Jul 9, 2021 · President Joe Biden 's administration is removing more than $55 million in loan debt for over 1,800 student borrowers lured in by false claims at three for-profit colleges, the …

newsweek.com

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Fact Check: There Is NO Financial Pardon Act Eliminating Over …

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Jun 29, 2022 · An Ad Again Is there a financial pardon act eliminating over $15,000 in individual debt for Americans? No, that's not true: The claim is an advertisement for a "reference tool" …

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Biden-Harris Administration Announces Final Student Loan …

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Jan 16, 2025 · The Biden-Harris Administration today announced its final round of student loan forgiveness, approving more than $600 million for 4,550 borrowers through the Income-Based …

ed.gov

FAQs about Video wrongly claims US granting $15,000 to pay debts | Fact check Coupon?

Do government programs provide debt relief?

Lead Stories has previously fact checked similar claims of debt relief from government programs that provide debt erasure, grants or stimulus loans for homeowners, Social Security recipients and other Americans that have all proved to be false. Want to inform others about the accuracy of this story? ...

Does the government pay off credit card debt?

One type of debt that the government doesn't offer relief for is credit card debt. There is no government program that forgives or even minimizes the burden of paying off your credit card balances. Lead Stories previously debunked a claim that CNN had a news report on April 22, 2022, about a program that could earn Americans up to $50,000. ...

Does the American debt relief program Wipe Out debt?

We found no federal program called the American Debt Relief Program. The post leads to a debt settlement company that does not wipe out debt but, for a fee, negotiates with creditors to let borrowers pay less than they owe. We rate this claim False. ...

Is there a 'American debt relief program'?

There is no federal program called the "American Debt Relief program" available to Americans who have more than $20,000 in credit card debt. The video directs viewers to a private debt settlement company. Debt among American households reached a record high at the end of 2022. And promises to get it relieved are tempting. ...

Did a Tulane University student get a 'American debt relief program'?

Video shows a family learning their debt was resolved by the “American Debt Relief program” for American citizens and legal residents who “have over $20,000” in credit card debt. This video clip appears to have originated on the TikTok account of a prospective Tulane University student receiving word in 2019 that she had been accepted. ...

Can a new law permanently erase unpaid debt after 2 years?

Experts told The Associated Press in a July 27 story that there have been no legislative changes that would let consumers remove negative, but accurate, information after just two years. We rate the claim that a new law allows people to permanently erase unpaid debt older than two years from their credit records False. ...