Fact Check: There Is NO Financial Pardon Act Eliminating Over $15,000 In Debt For Americans

Fact Check

  • by: Christiana Dillard
Fact Check: There Is NO Financial Pardon Act Eliminating Over $15,000 In Debt For Americans 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" that Internet users can use to supposedly find financial assistance.

The claim appeared in a Facebook post on June 21, 2022 with a video. The caption reads:

In the greatest financial act ever passed, millions of Americans can have their debt eliminated with financial pardon until June 30th! Simply click on Learn more to get started!

The people featured in the video claim there is a financial pardon that can cover over $15,000 in debt. The post includes a link for viewers to "learn more" about the act.

This is what the post looked like on Facebook at the time of writing:

financial pardon FB post.png

Facebook screenshot

(Source: Facebook screenshot taken on Wed Jun 29 14:50:53 2022 UTC)

There is no financial pardon being enacted by the federal government that eliminates over $15,000 in debt for Americans. Additionally, the word "pardon" is commonly used to refer to an executive action that exempts an individual from punishment that would have resulted from a federal crime. Lead Stories searched for the term "financial pardon" using Congress.gov, Ballotpedia and Google, and did not find any results that supported the claim.

The link in the Facebook post sends viewers to thedailyfund.com, a non-government website that serves as a "reference tool" -- a phrase used in the website's disclaimer -- for users to supposedly receive financial assistance. The disclaimer also says that "Videos are paid actor representative testimonials." A screenshot of the website and another screenshot of the website's disclaimer are included below:

thedailyfund homepage.png
(Source: thedailyfund.com screenshot taken on Wed Jun 29 15:14:08 2022 UTC)

thedailyfund disclaimer.png
(Source: thedailyfund.com screenshot taken on Wed Jun 29 15:14:56 2022 UTC)

Lead Stories has previously debunked similar advertisements and websites that have been posted to Facebook, including a fact check of one website that appeared very similar to the business whose ad is discussed in this fact check.

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  Christiana Dillard

Christiana Dillard is a former news writer for Temple University’s Lew Klein College of Media and Communication. She received her undergraduate degree in English Writing from the University of Pittsburgh. She has been a freelance writer for several organizations including the Pittsburgh Black Media Federation, Pitt Magazine, and The Heinz Endowments. When she’s not producing or studying media she’s binging it, watching YouTube videos or any interesting series she can find on streaming services.

Read more about or contact Christiana Dillard

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