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].
Borrowers who’ve gotten themselves tangled in a charge-off situation face difficult choices. Pay the debt in full? Try to settle for a lesser amount? Run away and hide? “The world…
For those seeking a fresh financial start, Chapter 7 bankruptcy has plenty of upsides. It’s the cleanest, most straightforward, least time-consuming, and least expensive of the various bankruptcy options. The…
When people get married, they often vow to take each other through thick and thin. Bankruptcy can get pretty thick for a husband and wife. Bankruptcy is when a person…
Growing older never was for the fainthearted, but it takes exceptional courage to navigate those Golden Years with dents on your credit report and a need for cash. Chins up,…
Choosing to declare personal bankruptcy can be among the most difficult decisions ever to confront an individual. Tougher still: Having to pick, under unmatched duress, which type of bankruptcy best…
There are plenty of reasons to consider making car loan payments with a credit card — everything from piling up rewards points or cash back, to scoring a bit of…
With President Biden declaring an end to pandemic emergency provisions effective May 11, and states and companies already having rescinded most of their debt collections suspensions, debt collectors are totally…
A bankruptcy discharge is the legal holy grail for anyone who files for bankruptcy. A discharge means there’s a court order in the bankrupt’s case that erases all qualifying debts.…
Debt Relief Programs in South Carolina Those who are struggling to pay off debt in South Carolina can find programs to help through banks, credit unions, online lenders, and for-profit…
Debt Relief Programs in Missouri Missouri residents struggling to pay off debt can find assistance programs at banks, credit unions, online lenders, and for-profit and nonprofit debt relief companies. These…
If you have so much debt that you’re considering filing a Chapter 7 bankruptcy, you have enough debt to qualify. The U.S. bankruptcy code doesn’t specify a minimum dollar amount…
Debt Relief Programs in Minnesota There are banks, credit unions, online lenders, and debt-relief companies (for-profit and nonprofit) in Minnesota that specializes in helping consumers pay off credit card debt. These companies…
A rare silver lining to the Covid pandemic was Americans managed to pay down billions of dollars in credit card debt. Those days have screeched to a halt. Credit card…
Debt Relief Programs in Indiana There are banks, credit unions, online lenders and debt-relief companies (for profit and nonprofit) in Indiana that specialize in helping consumers pay off credit card debt.…
Debt Relief Programs in Wisconsin Wisconsin residents struggling to pay off debt can find assistance programs at banks, credit unions, online lenders, and for profit and nonprofit debt relief companies.…
Debt Relief Programs in Washington There are a number of resources available for residents of the Evergreen State who find themselves in financial peril. Banks, credit unions, online lenders, for…
Debt Relief Programs in Tennessee Tennessee has a number of companies that specialize in helping consumers pay off credit card debt including banks, credit unions, online lenders, and both for…
Debt Relief Programs in Colorado Colorado has a number of companies that specialize in helping consumers pay off credit card debt including banks, credit unions, online lenders, and both for…
Bankruptcy is a legal proceeding that could provide relief when a person can’t repay debts. Consider bankruptcy a legal life preserver for those drowning in debt. Chapter 7 bankruptcy is…
Debt Relief Programs in Maryland Debt relief in Maryland can come from several entities, among them, banks, credit unions, credit counseling agencies (nonprofit and for-profit), and online lenders. The goal:…
The sword-fighting between Democrats and Republicans could get nasty in the next few days as the battle heats up over how to avoid the fiscal cliff. Republican House Speaker John…
Morgan Stanley, the lead underwriter for the Facebook initial public offering (IPO), was fined $5 million for creating an uneven playing field among investors, Massachusetts’s top securities regulator said this…
The momentum Republican House Speaker John Boehner and President Obama built Monday toward a resolution of the fiscal cliff crisis lasted less than 24 hours. It ended when Boehner chose…
Four years after the crash, the United States is still limping along in what can best be described as an anemic recovery — better off than some nations, but not…
If you’re a taxpayer worried about Congress not extending the Bush tax cuts by Jan. 1, brace yourself: An even bigger hit – the Alternative Minimum Tax – might be…
As the nation continues to wrestle with high unemployment rates and a recuperating real estate market, the Federal Housing Administration (FHA) decided to continue one of its popular programs. The…
The fiscal cliff debate will be going on some place this weekend, but Capitol Hill isn’t one of them. With a little more than two weeks remaining before mandatory spending…
The Federal Reserve vowed this week to keep interest rates near zero until national unemployment falls to the pre-recession levels, which could take up to three years. The main interest…
In Part 1, the War on Labor Unions was exposed as a premeditated political attack on middle-class working men and women, cynically camouflaged as some sort of protection of the…
After a year filled with negative banking news from around the world — from deceptive practices, outrageously high fees, class-action suits and money laundering scandals — Americans are beginning to…
There are hot wars, and there are cold wars. There are good wars (the War on Poverty), unwise wars (the War on Drugs), unnecessary wars (Iraq) and endless wars (the…
The world’s middle-class population will triple in the next 20 years, bringing with it unprecedented buying power that will be a boon to the global economy, but also an appetite…
With the holiday spending season in full swing, market analysts say this could be a banner year for sales, employment and holiday parties. Seasonal hiring is quickly approaching a record…
A new report says that most baby boomers have successfully stuffed enough pennies into the piggy banks – and dollars into the 401(k) plans – to retain their status as…
President Obama took his debt-reduction campaign to Michigan on Monday, amid cautious signs that progress is being made on avoiding the “fiscal cliff.” Obama and Republican Speaker of the House…
The new year looks even brighter for more than 1 million people deep in student loan debt. The new Pay as You Earn program, created in an effort to help…
In November, the U.S. unemployment rate fell to its lowest level in four years and 146,000 jobs were added by a still-improving economy, but the background news to both numbers…
Whatever one thinks about the nature of ObamaCare, officially called the Affordable Patient Protection and Care Act (ACA), it’s certainly not the foul-smelling, socialistic takeover of the medical establishment as…
With just a few weeks remaining until the end of the year, millions of Americans are seeking ways to make 2013 better, especially from a financial perspective. From making new…
Where do you stand on the so-called “fiscal cliff,” which the U.S. economy may or may not be stepping off of at midnight Dec. 31? Before you answer, read over…