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Biden declaring an end to pandemic emergency provisions effective May 11, and states and companies already having rescinded most of their debt collections suspensions, debt collectors are totally…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 complete lack of effort by politicians in Washington to find a solution to sequestration is sure to have some effect on the U.S. economy, but it’s not being felt…
In his recent State of the Union address, President Obama proposed raising the federal minimum wage from its current $7.25 an hour, a level where it has been stuck for…
President Obama and Congress are about to drag the country through another round of fiscal nonsense that likely will reinforce their reputations as indecisive politicians. The two sides are shadow-boxing…
America needs a reality check. At least, that’s what President Obama said in last night’s State of the Union address. While the president acknowledged the fact that the economy is…
Mistakes by credit reporting agencies could be costing American consumers thousands of dollars, according to a report by the Federal Trade Commission (FTC). The FTC found that 5 percent of…
In 1956, M. King Hubbert, a geoscientist working at the Shell research lab in Houston, presented a paper at a meeting of the American Petroleum Institute (API), predicting that oil…
Have you checked your credit report this year? Even if you have, you may be one of the 40 million Americans with a mistake on your Equifax, TransUnion or Experian…
In 1999, Susan Beacham quit her job as senior vice president at Bank of America in Chicago so she could spend more time with her daughters. She volunteered to teach…
America’s never-ending ping-pong match with the United States Postal Service – I love it! I hate it! Close it down! No, keep it open! – is back on. The announcement…
Nearly half of Americans do not have the financial resources to survive for three months if they lose a job or can’t work because of injury. That’s the conclusion of…
Remember the housing crisis? Some say it happened because banks had lax lending standards and threw money at so-called subprime borrowers who had no financial standing to have been granted…
While Tax Day — April 15 — is still some months away, now is the time when people begin thinking about how and when they are going to file and…
Attempts by nursing home operators to stay relevant and profitable in the constantly changing world of health care, received a boost from the Federal Housing Administration (FHA) last year. The…
President Obama’s nominee to head the Securities and Exchange Commission (SEC), the government agency charged with regulating the nation’s stock exchanges and securities markets, is Mary Jo White. How White handles…
Applications and approvals for Social Security Disability Insurance (SSDI) were both down in 2012, which could be another small sign that the labor market continues to improve. There were 2.82…
Joe Corsino, like a lot of Americans, would see out-of-work veterans gathered in groups in city parks or panhandling with signs on downtown streets or even camping out at interstate…
Every year, American universities confer more than 3,000 Ph.D.s in psychology. Ever wonder what all those pointy headed academics do with their time? Well, most of their efforts go into…
The Standard and Poor’s Index rose 8.14 points Friday, continuing its longest winning streak since 2004 and capping a week of generally good news for the U.S. economy. The S&P…
The House of Representatives put out one fiscal fire Wednesday, approving a measure to extend the Treasury Department’s borrowing authority to May 18, but there are more hot issues simmering…
The debt ceiling is the latest self-inflicted crisis created by the federal government so that Democrats and Republicans can point fingers at each other. Here are five things to catch…