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Biden declaring an end to pandemic emergency provisions effective May 11, and states and companies already having rescinded most of their debt collections suspensions, debt collectors are totally…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:…
College seniors typically pay a visit to their academic advisers in the final weeks before graduation to make sure they have enough credits to get out. They might be better…
Tax Day is upon us once again. This year, the Internal Revenue Service (IRS) expects to receive 250 million tax returns and $2 trillion in revenue. And regardless of all…
There’s no debt in baseball. The season just started and no matter where you look, the sport is gushing money like a BP oil well. Consider these figures: $14.2 billion:…
Andrew Katzman recognizes that his story – debt collector ends up paying a bill – is one of life’s ultimate ironies. “It is incredible irony, almost a paradox, isn’t it?”…
The U.S. airline industry is coming off its second-best year ever in terms of customer service, but it comes with a price: Complaints were up, and so was the average…
A month after sequestration kicked in, the alarms sounded by President Obama – “It will cost us jobs and slow down our economy,” he said Feb. 5 – have not…
Looking for a job isn’t fun, even in the best of times. It’s a lot worse in the worst of times — times like these. While the national unemployment rate…
The hot topic in America is the issue of gay marriage, as the Supreme Court has been asked to rule on the Defense of Marriage Act and on California’s marriage…
Student loan debt could be the next economic bubble waiting to burst. Banks wrote off $3 billion in student loan debt the first two months of 2013, and an estimated…
There is encouraging news from the IRS this week: Statistically speaking, you likely are due a refund when you file a tax return. There is also discouraging news: That refund…
Before the ink dries, there will be at least six budget resolutions offered and voted on in the House of Representatives: The Paul Ryan budget, a budget crafted by moderate…
Bank of America has tossed a lifeline to American families drowning in credit card debt. BofA, the second-largest bank in the United States, is offering the “Better Balance Rewards” credit…
It’s not easy being a 20-something nowadays. Between landing a full-time job, paying back student loans and building credit, it’s hard to be financially stable. But are young adults solely…
If anyone in America still has faith in the quaint notion, enshrined in the Pledge of Allegiance, that we live in a country where there is “justice for all,” it…
Unemployment dropped in February to its lowest levels in four years, consumers spent money at the fastest rate in five months, and Wall Street set new records, all of which…
There are so many mixed signals coming from all sectors of the U.S. economy that you need a linguist to properly interpret the flow of information. Depending on where you…
If you are like every elected politician in Washington and have successfully ignored sequestration for the last 19 months, button up. The effects of the federal government’s disastrous financial policy…
Government services, teaching positions, research projects and hundreds of thousands of jobs are about to be cut in another self-inflicted crisis in Washington – The Great Sequester – and what…
Maybe it’s time to resurrect debtors’ prison. It seems to be the only way in which people with unmanageable student loan obligations will ever be able to pay their “debt…
There is no momentum in Congress for passing legislation to stop sequestration – the $85 billion mandatory budget reduction scheduled to take effect March 1 – but that hasn’t stopped…