Category:
Debt FAQs

Mortgage Debt Forgiveness & The Mortgage Debt Relief Act

By Bill Fay | August 15, 2018

There is no happier day than when you open the front door of your new home. Unless of course, someone handed you the key somewhere around 2007. That was the…

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: Processes, Impacts, and Solutions

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…

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…