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

Fact Check

  • by: Lead Stories Staff
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.

Want to inform others about the accuracy of this story?

See who is sharing it (it might even be your friends...) and leave the link in the comments.:

  Lead Stories Staff

Lead Stories is a fact checking website that is always looking for the latest false, deceptive or inaccurate stories (or media) making the rounds on the internet.

Read more about or contact Lead Stories Staff

About Us

International Fact-Checking Organization Meta Third-Party Fact Checker

Lead Stories is a fact checking website that is always looking for the latest false, misleading, deceptive or inaccurate stories, videos or images going viral on the internet.
Spotted something? Let us know!.

Lead Stories is a:


Subscribe to our newsletter

* indicates required

Please select all the ways you would like to hear from Lead Stories LLC:

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here.

Most Read

Most Recent

Share your opinion