I discovered an advertisement for a site called Credit Relief Act (creditreliefact.com) that appears, in my opinion, designed to intentionally confuse and mislead consumers into thinking there is a government program to reduce debt.
The advertisement I saw said: Obama Credit Bailout Plan See if You Qualify for the Obama Credit Reform Bailout Plan See Now.
The site does mention it is not a government program but only in lighter text in the fine print and one short sentence on the FAQ page. Unless you went hunting for that information it would be easy to overlook.
The Fine Print
The fine print on the bottom of the site gives us the most information about what this site is all about. On the site the text is in a lighter color and all jammed together. Let me break it apart for you to make it clearer.
CreditReliefAct.com and it’s affiliates are not sponsored by or affiliated with any government or State authority or agency.
CreditReliefAct.com is not a credit counselor, lender or credit card issuer, nor is it an insurance broker. CreditReliefAct.com does not take applications for loans, nor does not make loans or credit decisions in connection with loans, nor does it issue commitments or lock-in agreements. CreditReliefAct.com is not an agent of the consumer or credit counselor, bank, or loan broker (all of these hereinafter referred to as “Agents”).
CreditReliefAct.com services are administrative only, relaying consumer requests for services to Lenders, Debt Arbitrators and or Credit Agents. Consumers are not charged a fee to use this website and are under no obligation to use any Agent or Lender’s services.
CreditReliefAct.com does not guarantee that completing the form or utilizing the contact number provided herein will result in a consumer receiving counseling or a loan from a Lender.
CreditReliefAct.com receives its compensation from advertising services. The contact form and or contact number provided by a consumer is NOT an application for credit. Rather, it is a request to be placed in an aggregate consumer base CreditReliefAct.com does not request, obtain or review consumer credit history reports as part of our services.
The information provided on this site is for personal use only and does not constitute legal or financial advice. It is strongly recommended that you consult with a licensed professional before entering into any loan or other agreement. – Source
It appears to me that this site is a lead generating site primarily for debt settlement companies. I came to that conclusion based on the content on the ‘Program’ page. On that page it says that debt can be reduced by up to 70% and monthly payments are reduced. Outside of debt settlement, bankruptcy would be the only other tool able to accomplish those results.
I did get a chuckle out of the solution, take advantage of the credit card companies and get credit relief.
Video Site Review
Here is a narrated video tour and review of the site and how it works.
Other Sites on this Same Server
I was unable to determine what company is responsible for the Credit Relief Act web site. But I was able to uncover a list of other sites on the same server. Here they are.
Another Site on This Server Caught My Eye
Now let’s say the designers of the Credit Relief Act had not set out, in my opinion, to intentionally confuse or mislead consumers into believing there was a government program called the Credit Relief Act.
If so, how do you explain the site FTCFairCreditReportingAct.com which uses the logos of the Federal Trade Commission and Office of the Inspector General? See picture below and you will see the government logos in the lower corners.
This site also has an eligibility form on it and when I completed it I said I had no late payments and I had not experienced a denial for credit, surprise, I qualified for a credit repair forensic audit.
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