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Biden declaring an end to pandemic emergency provisions effective May 11, and states and companies already having rescinded most of their debt collections suspensions, debt collectors are totally…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:…
The average credit score for American consumers is at an all-time high, but will almost surely go higher within the next year as credit bureaus and government tinker with one…
The duel between debt and income is spilling over into the retirement years for more and more people. At one time, it was common to have all the major bills…
Wanda Russell had just turned 50 when her bosses told her she would have to go back to college and get a bachelor of nursing degree to keep her job.…
Do you think you know your credit score? Credit scores – the numeric measure that shows lenders whether a person is likely to repay a loan – are a must-have…
I went shopping for a cell phone the other day and found out I’m not as special as I thought I was. I have never owned one and for at…
Admit it. You’ve considered de-friending the person that challenged you to the Ice Bucket challenge on Facebook. The videos that are flooding your news feed are all apart of the…
Not sure you are aware of this, but the cell phone industry will pass a fairly significant milestone this year and there is a good chance I could be the…
When the bell rings to start a new school year, college students, especially the 70 percent using loans to pay for expenses, need to catch up on a few news…
Another round of alarms sounded in the trillion-dollar student loan crisis when the Illinois Attorney General accused two student loan debt settlement firms of scamming borrowers. Illinois Attorney General Lisa…
Corinthian Colleges Announces Closure For profit students with high student loan debt should review their school’s record before enrolling in another semester. This month, large for-profit Corinthian Colleges announced that…
Student Loan Debt Relief – Needed by Millions President Obama issued an executive order to provide student loan debt relief to struggling Americans, but couldn’t convince members of Congress to follow his…
It’s no secret the cost of education is rapidly increasing, far faster than even the pace of inflation. The College Board shows the average cost of undergraduate tuition and fees…
The phone rang at Michael Hufnagel’s desk nearly every day for three years. Hufnagel is an accountant for a production company in California and phone calls are part of doing…
The Consumer Financial Protection Bureau sent a jolt through the for-profit college industry this week when the federal agency sued ITT Educational Services Inc. for predatory lending practices, saying it…
The American Psychological Association (APA) and the Federal Reserve Bank of New York aren’t working together on the mental and fiscal health of America — but they certainly could. The…
There is help available for some of the 40 million Americans dealing with $1 trillion in student loan debt, but the aid comes with a catch. You have to move…
For most men, the goal of Valentine’s Day has not changed since the holiday was more or less invented by the Romans a few thousand years ago. The Romans called…
I stumbled upon one of those online calculators the other day. It’s the one that shows you how well you’re budgeting money for retirement savings, and it returned some distressing…
There is a family that is famous all over America for maintaining the appearance of wealth for the benefit of others. You know them as the Joneses. They have the…
I took $20 the other night to the only restaurant I eat at – the one that gives half off everything on Tuesdays – and felt confident I had more…