Credit Card Debt

Does a video on social media offer any evidence of a program that gives people $20,000 so they can use the money to pay off their credit card debt? No, that's not true: The clip only showed two images of some bank account transactions of unknown origin. The Consumer Financial Protection Bureau told Lead Stories there is no such program…

Was it reported in November 2024 that every American was eligible for a $1,000 stimulus check to help combat skyrocketing credit card debt? No, that's not true: The government made no such announcement. An AI detector found substantial evidence that the voice track of a video saying so on social media is the product of artificial intelligence. The claim appeared…

Did the White House announce a new debt-relief program for veterans who owe money on their credit cards? No, that's not true: A video on Facebook that made this claim used a fake screenshot of the White House website to create a misleading impression involving an article supposedly published on July 6, 2024. In reality, the Biden-Harris White House made…

Can anyone under 65 years old qualify to claim a $6,400 Affordable Care Act benefit through the Texas Relief Act? No, that's not true: There is no government program resembling what is described in a Facebook ad. The application process to see if you qualify to claim a "subsidy card" is not an official government website but a referral service…

Does a federal financial relief program bearing the initials of former President Franklin Delano Roosevelt wipe out $25,000 or more in credit card debt for Americans? No, that's not true: Lead Stories found no evidence that the purported "FDR Relief Program" exists or that its promise of financial help is real. The claim appears in multiple Facebook posts, including this…

Did President Joe Biden approve a "healthcare card" that provides free health, vision and dental benefits? No, that's not true: There's no such "healthcare card" approved by the president -- and the claim is an advertising ploy. The claim appeared in a Facebook post published on May 23, 2022. It featured a picture of Biden with stacks of legislation and…

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 Americans can receive such debt relief is just an advertisement. Lead Stories has debunked a similarly misleading ad before. The claim appeared in a video posted to…

Can your Social Security card be used like a credit card? No, that's not true: The Federal Reserve Bank deals with banks only, not serving individual customers. The FBI is aware of this false claim, and people who try to extract money from the Federal Reserve could face criminal charges. The claim appeared in an Instagram post (archived here) where…

Did President Bill Clinton quietly sign into law an economic reform measure secretly passed by Congress and did President George W. Bush later orchestrate the 9/11 attacks to prevent the enactment of the law, commonly known as NESARA? No, that's not true: The claims about NESARA, which at the time of its introduction stood for the National Economic Security and…

Did Canada on Sept. 8, 2020, criminalize government measures that require the wearing of masks, as well as social distancing, vaccinations, and other protective measures that help thwart the spread of COVID-19? No, that is not true. The national government has made no such declaration. The claim refers to a made-up "Republic of Kanata" that claims to trump the powers…