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.
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Biden declaring an end to pandemic emergency provisions effective May 11, and states and companies already having rescinded most of their debt collections suspensions, debt collectors are totally…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:…
Facing increased scrutiny from housing advocates and community groups, President Barack Obama is being asked once again to sidestep political protocol to replace Ed DeMarco, the acting head of the…
Despite a devastating hurricane that wiped away much of the Eastern seaboard in October and the constant warnings of an impending fiscal cliff and tax hikes in the coming year,…
“You deserve a break today, So get out and get away … to McDonald’s!” Last week, 200 New York City fast food workers took a break and got away from…
Republican leaders sent a letter to President Obama on Monday, proposing solutions to the debt crisis that include spending cuts of $1.4 trillion and an overhaul of the tax code…
With an improving economy and programs aimed at helping homeowners stay current with their mortgages, housing-market analysts say that 2012 will prove to be a turnaround year for homeowners and…
The federal lending program once intended to provide all Americans the luxury of going to college faces a serious financial plight. According to the Federal Reserve Bank of New York’s…
As much as President Obama and Congress have talked about dealing with the “fiscal cliff,” there is one term noticeably missing from the discussion: Sequestration and its effect on the…
Imagine being forced to leave your job . . . and being forced to accept $1.2 million on your way out the door. That was the case at Rutgers University,…
Just as Americans were saying their emotional goodbyes to a cultural icon, the Twinkie, Hostess Brands Inc. made an encouraging announcement: More than 100 potential buyers are interested in purchasing…
Unemployment rates fell this week, and analysts are predicting a further decline as more businesses reopen in the wake of Superstorm Sandy. Weekly unemployment benefit applications fell by 23,000 to…
The new book about Warren Buffett is called “Tap Dancing To Work,” but what the billionaire investor is saying during promotional appearances this week feels much more like clogging than…
In the first round of budget negotiations between President Obama and House Speaker John Boehner, the congressman blinked first. The day after Obama was re-elected, Boehner said that “revenue was…
Pity poor Grover Norquist. The creator and enforcer of “the Pledge” – an agreement signed by 258 Republican members of the U.S. House and Senate never to vote for a…
The election might be over, but the urge to campaign still burns inside President Obama. Obama, who received a tepid response from congressional leaders about his ideas on solving the…
With Mary Schapiro, the U.S. Securities and Exchange Commission (SEC) chairman, stepping down next month, industry leaders said the choice of Commissioner Elisse Walter (pictured at right) to take her…
According to the Bible (Leviticus 25:10), every 50th year – known as the Jubilee year – is sacred: “It is a time of freedom and of celebration when everyone will…
‘Tis the season to begin holiday shopping. With the promise of amazing deals on Black Friday just two days away and the opportunity for online shopping on Cyber Monday, this…
After a monumental post-election slide, the Dow Jones industrial average started to creep back up this week. Seizing onto hope that Washington will reach a deal on the so-called “fiscal…
As the holiday season quickly approaches, so does the fervor to track down the latest and greatest in gifts. Countless fans waited in a line three blocks long at the…
Superstorm Sandy left more than wreckage and debris. It left thousands out of work. The number of people seeking unemployment benefits last week shot up to an 18-month high as…