Quick Answer: There is no government credit card bailout program, and advertisements claiming such programs exist are deceptive marketing schemes. These commercials promote false debt relief solutions that don’t actually help credit scores or provide legitimate financial assistance.
“Dear Steve,
Does the credit card bailout program affect your credit scores?”
Every weekday I read the enforcement actions, filings and fine print the outlets skip, and turn them into the one or two moves that actually improve your position — a rate worth moving for, a fee you can refuse, a deadline to beat before it costs you.
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There is no credit card bailout program. I think what you may be referring to all those ads and commercial you see proclaiming the government has some sort of bailout program for debt. Yea, all those ads are bullshit.
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