Scammers Claim Board Supports Program to Pay Bills
It has come to the attention of the Recovery Accountability and Transparency Board (the Board) that certain websites are advertising the existence of a so-called “Bill Payment Government Assistance Program” that is funded and governed by the Board. Consumers are advised that no such program exists.
The websites in question state that after payment of a processing fee of several hundred dollars, the program will eliminate up to $25,000 in personal debt. The websites state further that enrollment in the program is approved by the Board and the individual debt relief is provided for in the American Recovery and Reinvestment Act of 2009 (ARRA).
Consumers should be aware that ARRA has no provisions for grants for payment of individuals’ consumer debt that are approved, endorsed, or funded by the Board. Moreover, the Board is in no way affiliated with any website or firm that claims to facilitate such grants or programs that pay individuals’ debts with federal government funds. Any claims of affiliation with the Board by such a website or firm with are false.
Individuals that have questions or concerns about a similar program they have seen or been asked to participate in, or believe they have been the victim of fraud, should contact the Federal Trade Commission at www.ftccomplaintassistant.gov or the FTC’s toll-free help line 877-FTC-HELP.
The Department of the Treasury Inspector General also has information on fraud schemes.