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].

Washington mountain view

Consumer Debt in Washington

By Bill Fay | November 3, 2022

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…

Smoky mountains in Tennessee

Debt Relief Options in Tennessee

By Bill Fay | October 26, 2022

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…

A lake in Colorado with mountains in the background

Debt Relief Options in Colorado

By Bill Fay | September 22, 2022

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…

Senior couple filing the paperwork for banruptcy

Senior Citizens & Bankruptcy

By Bill Fay | June 29, 2022

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…

Skyline view of Baltimore, Maryland from the harbor

Debt Relief Options in Maryland

By Bill Fay | April 8, 2022

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:…

Desert and cactus scene in Arizona

Debt Relief Options in Arizona

By Bill Fay | April 8, 2022

Debt Relief Programs in Arizona In Arizona, banks, credit unions, credit counseling agencies (nonprofit and for-profit), and online lenders can help consumers find solutions or relief to debt. Each offers…

Blue Ridge mountain range in North Carolina

Debt Relief Options in North Carolina

By Bill Fay | March 24, 2022

Debt Relief Programs in North Carolina If you need debt relief in North Carolina, banks, credit unions, credit counseling agencies (nonprofit and for-profit), and online lenders can help consumers pay…

Georgia peach on a tree

Debt Relief Options in Georgia

By Bill Fay | March 23, 2022

Debt Relief Programs in Georgia Relief for debt can be found in Georgia, with several options and/or programs addressing what can be burdensome problem. Credit counseling agencies (nonprofit and for-profit),…

Definition of exempt in the dictionary

Bankruptcy Exemptions

By Bill Fay | February 28, 2022

Bankruptcy is a scary word. You might think the worst when you hear, “He’s bankrupt.” You might think, “She’ll be penniless.” You might think he or she will have to…

Chapter 13 bankruptcy petition dismissed

Chapter 13 Bankruptcy Dismissal

By Bill Fay | October 1, 2021

Bankruptcy World has two distinctly different “Dis-lands.” One, “Dis-charged,” is the magnificent, joyful, cherished holy grail of bankruptcy outcomes. Every bankrupt wants to get through the Discharged finish line —…

Woman holding nonprofit sign

Nonprofit Debt Settlement

By Bill Fay | September 21, 2021

Would you be able to pay off your credit card debt, if creditors forgive 40% to 50% of your debt? And agreed to those numbers up front without negotiating? And…

Analyzing credit card bills before filing bankruptcy

Filing Bankruptcy for Credit Card Debt

By Bill Fay | August 11, 2021

Bankruptcy is meant to give consumers drowning in debt a second chance, which a lot of people who overspent heavily using credit cards,  think they need. But if you look…

Man in suit choosing between chapter 7 and chapter 11 bankruptcy

Chapter 7 vs. Chapter 11 Bankruptcy

By Bill Fay | August 4, 2021

This is the story for anyone who thinks a bankruptcy is a bankruptcy is a bankruptcy. Not so. In fact, bankruptcies are like Nike sneakers: They come in a variety…

Facebook homepage

Can Debt Collectors Track You Down on Facebook?

By Bill Fay | June 17, 2021

Imagine logging on to Facebook and finding a new message in your inbox. It’s not from a family member or an old friend. Instead, it’s a debt collector asking why…

Credit report score

Breaking Down Your FICO Score

By Bill Fay | June 17, 2021

You may know your credit score, but understanding how you are graded can be a tool to help you raise your score in the future, and avoid repeating the mistakes…

Desktop computer showing a credit score over 800

How Do I Get My Credit Score up to 800?

By Bill Fay | June 17, 2021

You don’t have to be a millionaire to know what achieving that financial ranking means. Being a millionaire means you have crossed a huge economic threshold. Doors open. Opportunities are…

Lower Utility Bills This Winter

How to Cut Your Utility Bills This Winter, No Matter Your Heating Fuel

By Bill Fay | June 10, 2021

As the temperature outside drops, your utility bill is on the rise. We get it. It’s cold outside and you want to keep warm and cozy inside, but before you…

Eviction notice on front door

What to Do About an Eviction

By Bill Fay | June 9, 2021

What to Do About an Eviction Facing an eviction? Call for help. We can help connect with assistance programs to help you stay in your home. Call Now: (800) 408-5655…

couple-with-bills-and-calculator

Best Places to Get a Debt Consolidation Loan in 2022

By Bill Fay | May 28, 2021

If the pile of bills you’re dealing with from credit card companies has grown out of control, it might be time to consider a debt consolidation loan. In many cases,…

Stressed Woman with Paperwork

11 Mistakes to Avoid When Paying Off Debt

By Bill Fay | May 27, 2021

There are three truths to debt: Getting into it can be fun. Getting out of it is not. It’s worth that effort. That’s because being in debt is like living…

Calendar with July 15 marked as tax day

Tax Season Countdown All Over Again

By Bill Fay | June 30, 2020

Everyone knows the old saying: Time flies when you’re procrastinating. Seems like only yesterday we were breezing past April 15 — the traditional deadline for income tax filing — and…

Second stimulus check being shredded

Republican Advisors Say No Need for Second Stimulus Check

By Bill Fay | June 16, 2020

Don’t plan on receiving and cashing a second COVID-19 stimulus check just yet. A group of 20 fiscal hawks, many of the close advisors to President Trump, sent Trump and…

Business with closed sign applying for paycheck protection program

Paycheck Protection Program

By Bill Fay | May 2, 2020

While Governors in several states are trying to crack open the door on the shuttered U.S. economy, the news from two key elements of a would-be revival – employment and…

Fact or Fiction: Debt Relief in the Time of Coronavirus

Fact or Fiction: Debt Relief in the Time of Coronavirus

By Bill Fay | March 20, 2020

Truth, they say, is the first casualty of war. And on March 13, President Donald Trump put America on a war footing. We’re coming for you, coronavirus. Speaking from the…

How to get out of debt in 2020

How to Get Out of Debt in 2020

By Bill Fay | February 24, 2020

Surveys show most Americans will make a resolution to get out of debt in 2020. Surveys also show most Americans will fail miserably. If you want to get out of…

Image of a new credit report

How the New FICO Credit Scoring System Will Affect You

By Bill Fay | January 29, 2020

The announcement that FICO will put two new credit scoring models – FICO 10 and FICO 10T – into play this summer is the ultimate good news/bad news situation for…

Piggy bank wrapped in Christmas lights

How to Stay Out of Debt During the Holidays

By Bill Fay | December 4, 2019

Tempted to spend lavishly and spontaneously this holiday season? Looking for someone to blame? Leave the three wise men out of it. Yes, they launched the tradition of bestowing expensive…

Search Ombudsman Student Loan Complaints

Complaints Abound for New Student Loan Ombudsman

By Bill Fay | September 4, 2019

A drowning person wants somebody to throw them a life preserver. People drowning in student debt might have just been thrown a bowling ball. The government’s new student loan watchdog is…

U.S. consumer concerned about debt

Consumer Debt Grows as U.S. Economy Expands

By Bill Fay | August 27, 2019

Americans are taking on ever larger debt loads as they struggle to maintain living standards. They are borrowing more on their credit cards, taking on a soaring levels of student…

Highway exit sign with arrow to bankruptcy

In Era of Trump, Has Bankruptcy Stigma Lost Its Sting?

By Bill Fay | August 8, 2019

With Donald Trump being credited or blamed for virtually every imaginable good or ill (depending on the observer, of course), we in the world of personal finance and debt management…

Military father holding his new born baby

NFCC Survey Shows Military Families Financial Struggles

By Bill Fay | June 14, 2019

The U.S. economy might be bustling for civilians, but not all active enlisted members of the military are thriving in it. More than one-third of enlisted military members do not…

Credit report next to a laptop to freeze credit checks

New Law Allows Credit Freeze

By Bill Fay | October 22, 2018

Security breaches have become so commonplace in the United States that news around them barely causes a ripple these days. Even if it’s news that provides consumers an extra layer…

HELOC on laptop screen

HELOCs on the Rise: Why You Should Be Careful

By Bill Fay | October 18, 2018

Across America, home values are on the rise again, surging with the economy. With that surge, homeowners eager to scratch a pent-up-demand itch once again are taking out HELOCs, or home…

People sitting at computers and tablets looking up personal loans to submit an application

Personal Loans on the Rise

By Bill Fay | October 17, 2018

The loan business is getting personal. We’re talking personal loans, and they are exactly what they sound like. You borrow money from a lending institution and pay it back. The…

Women with bad credit going to nonbank to borrow money

Nonbanks Fill Demand from Borrowers with Poor Credit

By Bill Fay | April 25, 2018

The era when almost anyone with a pulse could get a loan or mortgage from a commercial bank ended with the financial meltdown of 2008. Today, tightened regulations and a…

Caution on Student Loan Forgiveness Programs

Confusion Clouds Future of Student Loan Forgiveness Programs

By Bill Fay | April 17, 2018

Here’s a warning for anyone who must borrow money for college. There’s an assault under way on the most cost-effective and popular student-loan repayment programs. Lines are being drawn and…

is it time to refinance your mortgage

Considering Refinancing? Do It NOW!

By Bill Fay | March 15, 2018

Interest rates are going up, so it’s time to seriously consider refinancing your home loan. Or if you want to buy a house, it would be wise to seriously consider doing…

Warning Card Interest Rates Up

Interest Rates Increasing on Credit Cards

By Bill Fay | January 22, 2018

American consumers owe a record $1.023-trillion in revolving credit – mostly through credit-card debt – and with interest rates expected to rise in 2018, financial experts predict the problem will…

Bag of Payday Loan Money Exchanging Hands

Payday Loan Alternative a Good (Or Risky) Thing?

By Bill Fay | January 15, 2018

If you’re one of the millions of Americans for whom payday can’t come soon enough, technology is catching up with your dreams. Uber, McDonald’s and Outback Steakhouse are among a…

US Veteran hugged by daughter

New Study: Veterans More Likely to Suffer Credit Problems, But Save More

By Bill Fay | December 15, 2017

Military veterans are more likely to suffer through credit problems, underwater mortgages and late house payments than the civilian population. Those are some of the findings from a 2017 analysis…