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].

Couple discussing whether or not they should use a personal loan to pay off credit cards

Should You Use Personal Loan to Pay Off Credit Cards?

By Bill Fay | December 14, 2022

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…

Covered bridge in rural Indiana

Debt Relief Options in Indiana

By Bill Fay | December 14, 2022

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.…

Wisconsin state capitol building

Debt Relief Options in Wisconsin

By Bill Fay | December 12, 2022

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.…

Washington mountain view

Debt Relief Options 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…

Cup of coffee and a gift for Father's Day

Father’s Day Financial Advice … You Get What You Pay For!

By Bill Fay | June 8, 2015

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…

Graduation with many happy students

Attention 2015 college graduates: You just started a six-month grace period. Most of you, anyway.

By Bill Fay | June 5, 2015

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…

Happy man with a new cellphone.

Stuck With Bad Credit Score? T-Mobile Offers Some Relief

By Bill Fay | May 26, 2015

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…

Couple Stressed out over Finances

Most Americans Still Stressed Over Money

By Bill Fay | May 4, 2015

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…

Save money while helping the planet

Save Some Money While Saving The Planet

By Bill Fay | April 22, 2015

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,…

prepaid card

Prepaid Cards Gaining Popularity, Despite Fees

By Bill Fay | April 14, 2015

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…

woman in despair over finances

Katy Learns the Cost of Financial Ignorance

By Bill Fay | April 9, 2015

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

family vacation

How To Raise Money For Your Family Vacation

By Bill Fay | April 9, 2015

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…

mobile phone

Five Mobile Phone Lines for $150 per Month: It’s Possible

By Bill Fay | March 27, 2015

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…

student loan application

FAFSA Deadlines Hamper Access To $150 Billion In Student Aid

By Bill Fay | March 13, 2015

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…

college student with debit card

Worries About Student Debit Cards Similar To Credit Card Issues

By Bill Fay | March 13, 2015

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…

three generation family

Multi-Generational Living Might Be Solution For Financial Woes

By Bill Fay | March 13, 2015

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…

graph showing upward economic trends

2014 Great Year For U.S. Economy, Can We Repeat In 2015?

By Bill Fay | January 8, 2015

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…

debt relief just ahead road sign

Private Student Loan Lenders Open Door To Modifications

By Bill Fay | December 11, 2014

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…

frugal beach wedding

Married On A Monday: A Wedding You Can Afford

By Bill Fay | December 2, 2014

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…

Past due stamp

Grace Period Ends During Holidays For Millions Of Students

By Bill Fay | November 20, 2014

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…

manage debt goal

Debt Consolidation Or Debt Management Could Help Cure ‘Holiday Hangover’

By Bill Fay | November 17, 2014

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…

holiday deal sign

Ignore Monthly Bills At Your Own Risk During Holiday Season

By Bill Fay | November 6, 2014

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…

mobile phone and money

Fact Is, Opinions Don’t Say Much In Cellphone Argument

By Bill Fay | November 6, 2014

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

Credit Counseling Helps Family Dream Of Solid Financial Future

By Bill Fay | October 15, 2014

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…