Category:
Debt FAQs

The Best Debt Relief Companies

By Bill Fay | August 9, 2018

What Is Debt Relief? Debt relief is when a borrower convinces a lender to reduce the amount of money owed (debt) to a level the borrower can afford to repay…

Car Repossession

By Bill Fay | May 23, 2018

Watching somebody legally swipe a car can be entertaining in a movie. The downer comes if you leave the theater and find your car isn’t where you left it. The Repo…

Dave Ramsey’s Envelope System Explained: Pros, Cons and Alternatives

By Bill Fay | May 21, 2018

Grab four quarters from your car’s ashtray and make a quick trip to the discount store and you could immediately begin a budgeting system that can revolutionize your financial fortunes…

How to Use the Debt Snowball Method

By Bill Fay | May 16, 2018

We’ve all heard this one: Numbers don’t lie. And, probably, this one, too: You can make numbers tell any story you want. Experience tells us both claims can be true…

The Dave Ramsey Budget: Is it Realistic?

By Bill Fay | May 9, 2018

Dave Ramsey, the silky voiced straight-arrow with 13 million radio listeners built an eight-figure media empire on the gospel of financial modesty rooted in self-reliance. He preaches daily against the…

The Truth About Dave Ramsey: A Review of Dave’s Bad Math

By Bill Fay | April 30, 2018

What do you call it when someone tells one side of a story? Dave Ramsey calls it: “The Truth.” Ramsey boldly proclaims on DaveRamsey.com that he’s going to deliver “The…

Debt Relief Options

By Bill Fay | October 4, 2017

Debt Relief and Reduction Debt is an unfortunate fact of life for many Americans. Taking on debt — or borrowing money that you promise to pay back — doesn’t necessarily…

Building an Emergency Fund

By Bill Fay | October 4, 2017

It was a dark and stormy night. Then things got really interesting when a tree blew over and crashed into my emergency fund … I mean my house. The night…

What is Debt Recovery?

By Bill Fay | August 28, 2017

Debt recovery and debt collection are similar terms with one small, but very important distinction. The difference is who is trying to retrieve a debt. Debt collection is when a…

Debt and Discrimination

By Max Fay | August 25, 2017

While banks and other lenders have the right and responsibility to gauge the financial fitness of any person that applies for a loan, several federal laws prohibit them from engaging…