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Biden declaring an end to pandemic emergency provisions effective May 11, and states and companies already having rescinded most of their debt collections suspensions, debt collectors are totally…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:…
Father’s Day is just around the corner and I think it’s time to change the way we celebrate the occasion at the Frugal Man’s house. I think I will do…
There are approximately 2.8 million college graduates this year and 75 percent of them – 2.1 million people – borrowed an average of $35,000 to pay for that diploma. That…
Advertisers have teased American consumers forever with deals too good to be true and today’s boasts are more enticing than ever: Zero-percent financing on a new car and some credit…
If money is causing stress and anxiety in your house, take it easy. You’ve got company. The same thing is happening in the house next door. And the one across…
Most people know their financial footprint in the world, but probably couldn’t tell you their carbon footprint on the planet. Earth Day celebrations, which happen every year on April 22,…
Would you pay your bank $5 a month (or more?) just so you can withdraw money you have deposited there? As absurd as that sounds, a growing number of consumers…
McClary, B. (2015, April 7) Americans Are Overly Confident When It Comes to Finances, Yet Unprepared For The Future. Retrieved from https://www.nfcc.org/press/multimedia/news-releases/americans-are-overly-confident-when-it-comes-to-finances-yet-unprepared-for-the-future/
NA, (2013, January) College Students are Put to the Test: The Attitudes, Behaviors and Knowledge Levels of Financial Education. Retrieved from file:///C:/Users/bfay/Downloads/Inceptia_FinancialAptitudeAnalysis_researchbrief.pdf
http://newsroom.transunion.com/one-third-of-americans-have-never-checked-their-credit-report-reveals-transunion-study
Want to put a smile on your face? Google images for summer vacations and take a look at what’s out there! Beaches, mountains, water parks, national parks, white-water rafting, arts…
In the summer of 1985, I was a sports writer in Tampa and an athlete I used to write about invited me to lunch to discuss a new professional summer…
If you have a college-age child in the house, this will be your reminder that now is not just “tax season”, it’s also “FAFSA season.” The two are very much…
The crisis over credit card use by college students appears to be under control, but another problem with plastic is causing concern. This time it’s debit and prepaid cards and…
There is a significant social, cultural and economic change happening so quietly in America that you may not even be aware of it: Multi-generational family living is back. Multi-what? Multi-generational…
By most accounts, the United States economy had a glowing year in 2014. Unemployment was down, spending was up, housing prices continued to bounce back and gas prices plunged to…
Help is coming for beleaguered borrowers who took out student loans from private lenders. How much help – and how many people actually will benefit from it – is still…
Billy Sexton is not a frugal man. In fact, he chuckles at the idea of cutting corners to save money. “I’m the guy who believes you get what you pay…
Forgive Steve Simon if he doesn’t get swept up in the excitement of the holiday season this year. Simon already knows what he’s getting for Christmas. “Another notice from Navient…
The day of reckoning is fast approaching for annual budgets and it may not be a good one for people who rely on credit cards. Annual bills often collide with…
Get ready America, the Holiday Shopping Circus is rolling into your town again this year and no one is immune from the excitement it generates. Least of all someone with…
What settles arguments in your house: Facts or opinion? That seems like a loaded, but relatively easy question. Facts win, right? Well, sometimes. A study by Dartmouth College suggested that…
Tamara Holleman wants a new car and at first glance, she could easily afford one. Holleman and her husband work in the medical profession, bring home comfortable incomes, live in…