Staff Writer
Bill Fay
Bill “No Pay” Fay has lived a meager financial existence his entire life. He started writing/bragging about it in 2012, helping birth Debt.org into existence as the site’s original “Frugal Man.” Prior to that, he spent more than 30 years covering the high finance world of college and professional sports for major publications, including the Associated Press, New York Times and Sports Illustrated. His interest in sports has waned some, but he is as passionate as ever about not reaching for his wallet. Bill can be reached at [email protected].
American banks offer a smorgasbord of investment options. From commercial and savings banks to credit unions and trust companies, consumers have a dizzying array of choices for saving and borrowing…
Home equity is the difference between how much your home is worth and the outstanding balance of all liens on your property — how much you owe on your mortgage…
Each one of these 3 credit solutions can be a viable solution for getting out of debt, depending on the circumstances you’re in and the resources you have available. Any…
If you have a load of unsecured debt, such as high credit card balances, your top priority should be to reduce it as much as possible, as soon as you…
If you’re in over your head with credit cards and unsecured loans, a number of strategies can provide relief, such as a debt management plan or an aggressive debt-payoff strategy.…
Choose Your Debt Amount AVERAGE FEDERAL TAX RATE 0% TAXES COLLECTED BY FEDS IN 2011 $0 Trillion UNPAID TAXES OWED BY AMERICANS $0 Billion Filing Taxes No one enjoys filing…
If you take the advice of financial experts and start planning for retirement in your 20s, you can enter your golden years expecting a comfortable income. You may be able…
Choose Your Debt Amount Consolidate Debt in Minutes AMERICANS TURNING 65 EACH DAY 0 AMERICANS WHO SAVE FOR RETIREMENT 0% POPULATION 65+ LIVING IN POVERTY 0% Retirement Accounts Retirement…
Choose Your Debt Amount Consolidate Debt in Minutes AMERICANS WHO OWN THEIR HOME 0% TOTAL MORTGAGE DEBT IN THE U.S. $0 Trillion FORECLOSURE FILINGS IN 2012 $0 Million Owning…
See what debt-free feels like Debt.org is America’s Debt Help Organization, serving the public with thorough, accurate and accessible online information about personal finances. Call Now: (866) 612-9971 or Continue…
Do you know how much money you should be saving each month for your retirement? Even if you are putting some money away, are you sure it’s enough? The long-held…
Many students take out private loans to cover their college costs, but many lenders today have less credit to offer than in years past. This has opened a business opportunity…
Traditionally, banks have provided the bulk of American mortgages. Freddie Mac and Fannie Mae, two government-sponsored enterprises, may back these mortgages, but it’s been established lenders with a national reach…
Your consumer credit rights are protected in large part by the Consumer Credit Protection Act (CCPA), which became effective in the late 1960s. This act is made up of several…
There are several models used to determine a credit score, so your score for an auto loan may be different from your score for mortgages or credit cards. What Is…
Your finances are an important part of your life and future. Financial responsibility and sound decision-making about your money now can save you money down the road and make it…
So what age is the right age to start saving money for your future? The practical answer is any age when you start to work and earn money for yourself,…
While many people prioritize the need to save for retirement, they don’t always have an idea of their “magic number”— the amount of money needed for a successful transition from…
You’ve probably seen video of a surfer shooting through a pipeline in a wave. It’s a precarious position, riding something that is out of human control. The object is to…
With a nod to Mark Twain, inflation has replaced the weather as the thing everyone talks about it, but nobody seems to do anything about it. Until now. Not that…
America has turned into a nation of quitters, though that’s not necessarily a bad thing. Spurred by the COVID pandemic, millions of people have joined “The Great Resignation” that’s happening…
The rules governing repayment of federal student loans contain so many nooks and crannies that it shouldn’t come as a surprise that you may have missed one created during the…
The average Joe – not Biden – figures to benefit most from passage of the $1.9 trillion American Rescue Plan. Approximately 145 million Americans will receive a third round of…
Biden wants the minimum wage – currently set at $7.25 an hour – to jump to $15 an hour by 2025. The increases would be phased in at approximately $1.75…
President-elect Joe Biden unveiled the American Rescue Plan, a $1.9 trillion war on the prolonged suffering of Americans hardest hit by coronavirus. Included in his proposal: a fresh round of…
The second COVID-19 relief bill is now law – all 3,126 pages of it. The people in Congress who passed it admit they don’t know what all is in it,…
If you haven’t looked at your bank account this week, now might be a splendid time. The long wait for a second stimulus check from the U.S. government finally is…
A second stimulus check – the financial gift from the U.S. government to help consumers recover from the economic belt coronavirus gave the American economy – needs only a signature…
If the biggest employee benefit you receive is when your company bothers to fill the toilet paper rolls in the employee bathroom, you might not want to read this: Google…
If you are paying on a federal student loan, you probably already know that the government CARES Act has provided benefits that suspends payment and interest requirements through May 1,…
Americans with student loan debt have a $1.6 trillion question on their minds: What would President Trump or a President Biden do about all that money these 45 million borrowers…
There hasn’t been much good economic news in 2020, but if you’re buried in student loans, there was an astoundingly positive development recently. Thanks to a recent court ruling, you…
The COVID-19 pandemic has created record unemployment, erased profit margins, closed businesses and wreaked havoc on almost every family’s money outlook. It has even affected America’s ultimate get-out-of-jail financial symbol…
Veterans indebted to the Department of Veterans Affairs won a partial payment reprieve this summer that will last at least through the end of 2020. The VA action extends a…
Dorothy surely wasn’t thinking of life in a COVID-19 pandemic when she clicked those heels in the “Wizard of Oz” and opined that ‘there’s no place like home.’ But her…
Congress and the White House are still debating whether the HEALS Act, HEROES Act – or some compromise Act in between – will deliver the next round of coronavirus relief…
When the House of Representative passed the $3-trillion HEROES Act on May 15, it all but guaranteed that a second stimulus check would arrive for Americans in need of financial help…
The storm is coming. American consumers will be filing personal bankruptcies in record numbers by the end of 2020. That is the projection from bankruptcy attorneys, bankers and other experts…
The phrase “stimulus check” is second only to “coronavirus” or “COVID-19” as something to talk about these days and people are definitely talking. About 159 million Americans have received the…