Staff Writer

Max Fay

Max Fay has been writing about personal finance for Debt.org for the past five years. His expertise is in student loans, credit cards and mortgages. Max inherited a genetic predisposition to being tight with his money and free with financial advice. He was published in every major newspaper in Florida while working his way through Florida State University. He can be reached at [email protected].

Young male student who is looking at a car to buy with a student loan

Dangers of Using Student Loans to Buy a Car

By Max Fay | May 13, 2021

When the federal government handed out the first student loans in 1958, the message was simple: This money is to be used for education purposes, meaning tuition, books, fees, supplies…

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Dorm vs. Apartment: Which is Cheaper

By Max Fay | May 12, 2021

Where to live in college is annually one of fiercest arguments in every household, but if you think you’re going to win a debate between dorms and apartments based on…

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College Guide to Buying Computers

By Max Fay | May 12, 2021

Complete reliance on a laptop is one of the most common shared experiences among college students. You stay up late in the library, pounding on your keyboard and thinking to…

Elizabeth Warren proposed a new type of bankruptcy, Chapter 10

Chapter 10 Bankruptcy

By Max Fay | March 15, 2021

The federal bankruptcy system could see a drastic overhaul if a bill proposed by two Congressional Democrats becomes law. Rep. Jerry Nadler (D-N.Y.) and Sen. Elizabeth Warren (D-Ma.) say their…

Street sign with debt consolidation or balance transfers

Should You Use Debt Consolidation Loans or Balance Transfer Cards?

By Max Fay | March 8, 2021

If the size and complexity of your debt is bothering you, trust your instincts. Yes, you ought to consider consolidating that debt to make it more manageable. There is good…

Client wanting to know how often they can file bankruptcy

How Often Can You File Bankruptcy?

By Max Fay | November 23, 2020

The COVID-19 pandemic has drained millions of bank accounts and destroyed thousands of businesses. But it’s expected to be good for one business: bankruptcy. When stimulus payments and forbearance measures…

Couple buying first home in Texas

Texas

By Max Fay | August 12, 2020

If you’re a Texas first-time homebuyer, the process can seem overwhelming and intimidating. The challenges include a tight supply of homes and rising prices. But there’s help available that can…

Bankruptcy form for someone with medical debt

Medical Bankruptcy: What You Need to Know

By Max Fay | July 10, 2020

Medical treatment gets people well. Medical bills make a lot of people sick. Healthcare costs in the U.S. are skyrocketing toward $4 trillion a year. Paying them is so difficult…

Closed sign on small business that declared bankruptcy

Small Business Bankruptcy

By Max Fay | May 18, 2020

While much of the way forward remains murky, this much is certain: Small businesses will be among the casualties of the 2020 coronavirus pandemic. Despite Washington spreading hundreds of billions…

Law books on the types of bankruptcies

Types of Bankruptcies

By Max Fay | May 5, 2020

Deciding to declare bankruptcy may be the most important choice of your financial life. But it’s only the first choice. Picking the chapter of bankruptcy that best suits your situation…

Roadside sign that says Payday Loans

Can Credit Counseling Help with Payday Loans?

By Max Fay | February 27, 2020

When in need of quick cash to pay a bill or an emergency expense, a payday loan is often the easiest place to turn. It is also often the most…

African american daughter hugging her mother in military uniform with balloons

Veteran & Active Duty Military Credit Counseling

By Max Fay | February 24, 2020

Financial problems, it turns out, are bigger stressors among military families than deployment, moving, and separation from family. Service members and their spouses ranked financial stress as their biggest concern…

Portrait of young couple sitting on floor dreaming of future house furnishings

Can You Buy a Home While on Credit Counseling?

By Max Fay | February 20, 2020

People normally enter credit counseling when they are struggling with burdensome debt and need help working through it. In most cases, buying a home and taking on a mortgage isn’t…

Vector of people filling tax form documents using internet services

Cheapest Software to File Taxes Online

By Max Fay | February 14, 2020

Advertiser Disclosure Debt.org wants to help those in debt understand their finances and equip themselves with the tools to manage debt. Our information is available for free, however the services…

Happy First Time Homebuyer Couple

First-Time Homebuyer Programs

By Max Fay | January 30, 2020

Traditionally, few achievements are more cherished in America than homeownership. We regard the home as castle, shrine, gathering place, and refuge, the bricks, mortar, and timber symbol of our liberty…

30 mortgage paperwork

30 Year Fixed Mortgage

By Max Fay | January 16, 2020

For generations, the 30-year fixed mortgage has reigned, like hot dogs and apple pie, as America’s gold standard. We love it for it’s predictability and affordability. A 30-year fixed mortgage…

Ripping up a timeshare contract

How to Get Out of a Timeshare

By Max Fay | January 7, 2020

Congratulations, you’ve bought a timeshare! If you are like a lot of people, your next move will be trying to get rid of it. Buyer’s remorse grips a lot of…

Law book titled "Bankruptcy vs Debt Settlement"

Debt Settlement vs. Bankruptcy

By Max Fay | December 30, 2019

When you’ve reached the end of your rope, goes the maxim, tie a knot and hang on. Good advice if you have rope left. If not, and if what little…

Serious professional female advisor consulting client at meeting talking having business conversation

Best Credit Counseling Agencies

By Max Fay | November 5, 2019

Credit counseling agencies are a dime a dozen, but choosing the right agency can feel like a game of Russian Roulette. How do you know who to trust? What can…

How to Decide Between Credit Counseling and Bankruptcy

By Max Fay | November 5, 2019

Medical emergencies, job losses and even divorces can turn a solid financial base into mush, forcing you to make gut-wrenching decisions that come with lasting consequences. Get to know your…

Coronavirus scam fraud alert on cell phone

How to Avoid COVID-19 Scams

By Max Fay | November 9, 2020

You don’t have to catch the virus to get harmed by COVID-19. As soon as the pandemic hit, scams arose to take advantage of people’s fears. In 2020, Americans have…

Man filling out application after losing health insurance

I Lost My Health Insurance, Now What?

By Max Fay | November 3, 2020

A pink slip can be a traumatic experience but losing your employer-provided health insurance is nothing short of devastating. Since the coronavirus pandemic erupted in early 2020, tens of millions…

Trump and Biden looking at each other

How Biden & Trump Tax Policies Compare

By Max Fay | October 2, 2020

The gap between the presidential candidates on tax programs is Grand Canyon-esque. And that may understate it. President Donald Trump wants to continue the 2017 tax cut, which his campaign…

Paperwork to defer payroll tax

Payroll Tax Deferral: Is It Worth It?

By Max Fay | September 11, 2020

Many American businesses are disregarding President Trump’s order allowing them to temporarily stop withholding Social Security taxes from their employees’ paychecks. The plan, they say, is confusing and won’t produce…

Man deciding whether to consolidate his debt

It’s a Great Time to Consolidate Credit Card Debt

By Max Fay | August 27, 2020

If you’re considering a consolidation loan to sweep away credit card debt and lower your monthly interest payments, do it! There couldn’t be a better time. All you need is…

Document titled Unemployment Benefits

New Federal Unemployment Benefits Proposed in the HEALS Act

By Max Fay | July 27, 2020

If you’ve lost your job due to the coronavirus crisis, your unemployment benefits are likely to decrease very soon. It’s just a question of how much. That will be decided…

Teenager driving a car with his dad

Adding a Teenager to Your Car Insurance Policy

By Max Fay | July 2, 2020

Teens see a driver’s license as a ticket to adulthood and adventure while their parents likely view it as a torpedo aimed at their household budget. The cost of adding…

Hazard sign with dollar sign on it

Hazard Pay for Essential Workers

By Max Fay | June 1, 2020

“You deserve hazard pay for that job!” All of us probably have either said that or someone said it to us, and it’s almost always a tongue-in-cheek expression of sympathy…

Image of rocket boosting your credit score fast

How to Quickly Fix and Improve Your Credit Score

By Max Fay | October 31, 2019

For most, a credit score is background noise in a busy life of more pleasant pursuits. Then we want to acquire something important and expensive — a house, a car,…

Eliminating Debt Without Paying: Fact or Fiction?

By Max Fay | October 3, 2019

Paying credit card bills can feel like fighting a fire. You put out one flame and another pops up. Eventually, you just want to get away from the flames. A…

Elizabeth Warren giving a speech

Democratic Presidential Candidates Plan to End Student Debt Crisis

By Max Fay | July 1, 2019

It’s impossible not to notice that student loan debt has emerged as a big issue in the campaigns for the 2020 Democratic Party presidential nominations. Massachusetts Sen. Elizabeth Warren brought…

Woman stressed about payday loans looks into consolidation

Debt Consolidation for Payday Loans

By Max Fay | March 25, 2019

About 55 million Americans don’t have emergency savings, so it follows that when emergencies happen, they turn to payday loans. Approximately 12 million consumers use payday loans and typically pay…

TV Remote Pointing At Television

I Can’t Pay My Cable Bill: What To Do

By Max Fay | March 12, 2019

Another month, another budget-crippling cable bill. When will it ever stop? The average cable bill is now $103.15 a month and is increasing year after year, despite more competition. What…

Man trying to determine the debt consolidation myths from the truth

The 6 Biggest Debt Consolidation Myths: Know the Truth

By Max Fay | March 14, 2018

If you’re looking for a way out of debt, chances are good you’ve come across the term “debt consolidation” and chances are just as good that everyone you talk to…

Teacher in Classroom with Students

The Future of the Public Service Loan Forgiveness Program

By Max Fay | March 8, 2018

President Trump’s latest budget proposal to Congress calls, once again, for the elimination of the Public Service Loan Forgiveness (PSLF) program. This is the second time Trump has recommended eliminating…

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Millennials Using Side Jobs to Pay Off Debt

By Max Fay | August 2, 2017

In the words of rapper/philosopher Jay Z: “You can’t knock the hustle.” Millennials are having to hustle to pay their student loan debt. Over 44 million American have student loan…

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Millennial’s Car Rental Issues & Alternatives

By Max Fay | June 30, 2017

We can drive a car at 16, vote at 18, drink at 21, but until recently, we couldn’t rent a car until 25. Fortunately for the 25-and-under crowd, those rules…

Intro To Credit Cards

Credit Cards for Millennials: Terms, How to Apply & Rewards Programs

By Max Fay | April 4, 2017

Credit cards are a hot topic for Millennials. Half of the world tells us that credit cards are pure evil and the other half constantly brags about the “rewards” they…

Roommates Helps You Save

Save Money With A Roommate & How to Find One

By Max Fay | December 15, 2016

We’ve heard all about your roommate nightmares. There’s the guy who walks around in his boxers eating all your leftovers, or the girl blasting Beyoncé at two in the morning…

Millennial Home Buyer Wanted

Why Millennials Aren’t Buying Homes

By Max Fay | December 14, 2016

Data shows that homeownership among millennials is down, but that doesn’t mean they aren’t interested in buying a home. In the last two decades, homeownership in the U.S. has declined…