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Biden declaring an end to pandemic emergency provisions effective May 11, and states and companies already having rescinded most of their debt collections suspensions, debt collectors are totally…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:…
With only three weeks left until Election Day, President Barack Obama and Republican challenger Mitt Romney went head-to-head Tuesday night in the second of three planned presidential debates. Held at Hofstra…
As Republican presidential nominee Mitt Romney and President Barack Obama take to the podium tonight in the second presidential debate, American voters hope to hear some encouraging news about job…
Annie Bell Adams may have recently lost her house to foreclosure but she’s fighting back. The 65-year-old pensioner is currently leading a class-action suit in New York against a dozen…
Vice President Joe Biden and Republican vice-presidential nominee Paul Ryan shared center stage Thursday night in a lively vice-presidential debate. It was the only one planned between the two candidates for…
Consumer debt is quickly becoming one of the biggest issues in the 2012 presidential election. While standard concerns such as national defense, immigration and abortion continue to get their fair…
Amazon.com, Inc., the international electronic commerce giant with a cheerful smile logo, is giving many retailers another reason to grin this holiday season as they extend participation in a new short-term…
A sign that the economy is inching back to normal, or a warning that banks are looking for new ways to squeeze money out of consumers? Either way, zero-interest credit…
President Barack Obama and Republican nominee Mitt Romney squared off Wednesday night in the first of three televised presidential debates. Although many voters have already made up their minds, political…
Admission procedures may run a little differently at your local hospital beginning this week. October 1 marked the launch of a key provision of the ObamaCare law that could create…
When Republican presidential candidate Mitt Romney and President Barack Obama square off in Colorado on Wednesday during the first presidential debate, Americans will be waiting for an answer to a…
A member of the middle class in America can make as little as $30,000 or as much as $100,000, depending on whom you believe, but one defining characteristic isn’t so…
Since the Great Depression, Democrats and Republicans have defined themselves as the new version of Santa Claus. Saint Nick brings wonderful things to children for free. There’s no cost. When…
More and more older Americans are reaching retirement age without enough money to survive in the way they would prefer, according to multiple surveys and studies. Is there anything Congress can do? Or, rather, is there any Congress will do?
Just when economists were prepared to report on the dismal state of the American real estate market for another quarter, new statistics revealed a much brighter account. Existing home sales…
More than three dozen Republican U.S. Senators voted against the $1 billion Veterans Job Corps Act of 2012 – a fully paid-for, bipartisan piece of legislation that would have put thousands of veterans back to work tending to the country’s federal lands and bolstering local police and fire departments.
Banking used to be simple. Bankers lived by the 3-6-3 rule — borrow at 3 percent, loan at 6 percent, and hit the golf course by 3 in the afternoon.…
A new federal agency aimed at enforcing consumer finance laws tangled with its second high-profile target since opening its doors less than two years ago. The Consumer Financial Protection…
Freshly graduated college students are finding little success in the job market. Low starting salaries and the need to repay student loans is pushing many of them to go back to school.
As Americans diligently work to recuperate from the worst economic recession since the Great Depression, recent reports show the road to recovery may prove to be very long. The Great…
The Credit CARD Act of 2009 was supposed to help borrowers who do not work outside the home, but one interpretation is cutting the access those potential borrowers have to credit. One lawmaker describes this as a return to the “dark days” of lending when women were disenfranchised.