Ask The Get Out of Debt Experts

I Recently Saw on Yahoo That Obama Signed a Bill to Help With Credit Card Debt

“Dear Steve,

I am on a fixed income.

I recently saw on yahoo,thst Obama has signed a bill to help with credit card debt? What is it,and will it benefit me?”

It does not exist, it’s a deceptive advertisement, it’s bogus, it’s a scam. There is no bill signed by President Obama to help with credit card debt.

It is understandable how you could have been confused with all the fake advertisements floating around trying to trick you. I’ve written about several of these deceptive marketing campaigns. You can read more about them here.

If you are looking for a government sanctioned program to eliminate your debt, it’s called bankruptcy.

Please update me on your progress by posting updates here in the comments section of your question. I’m very interested in how this works out for you.


You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.

About the author

Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

Leave a Comment

Scroll to Top