Personal Finance

Cindy and Michael Hufnagel

California Couple Learns Financial Lessons the Hard Way

By Bill Fay | March 21, 2014

The phone rang at Michael Hufnagel’s desk nearly every day for three years. Hufnagel is an accountant for a production company in California and phone calls are part of doing…

Financial guru Tarra Jackson offers money advice

High Cost of Keeping up with the Joneses

By Bill Fay | January 23, 2014

There is a family that is famous all over America for maintaining the appearance of wealth for the benefit of others. You know them as the Joneses. They have the…

Black hole of debt in the U.S.

Is Debt Affecting our Economic Freedom?

By Bill Fay | July 3, 2013

As we approach July 4, the 237th anniversary of our nation’s independence, it’s also worth noting that our country is in its fourth year of a sluggish recovery from the…

CFPB director Richard Cordray cracks down on debt-relief companies

Feds Continue Cracking Down on Dishonest Debt-Relief Companies

By Bill Fay | June 13, 2013

One of the ways in which debt-relief companies serve their clients is by negotiating debt settlement agreements with creditors with the goal of reducing the amount of money owed. When done…

Tips to planning a wedding you can afford

Tips for the Wedding You Want at the Price You Need

By Kaitlyn Fusco | June 6, 2013

It is finally June, the most popular month to get married, and if you don’t already have wedding fever, get ready. There is no better time to plan a wedding…

Consumer spending is up, but credit card use is down.

Credit Card Debt Decreases Even as Consumer Spending Climbs

By Bill Fay | April 26, 2013

After years of focusing on paying down debt, American consumers have started opening their wallets to spend again. Both moves helped the economy. Consumers paid down debt, especially mortgage and…

Boston authorities warn about charity scams after bombings.

Boston Tragedy Sparks Warning About Charity Scams

By Bill Fay | April 19, 2013

The registration of 125 “charitable” websites within an hour of the explosions at the Boston Marathon on April 15 brings light to the issue of charity scams. In what is…

One man sued the debt collectors and won thousands.

Harassed by Debt Collectors, One Man Sues and Wins $1,700

By Bill Fay | April 10, 2013

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?”…

Bank of America's Better Balance Rewards Credit Card

Bank of America Offers Cash to Customers Who Pay More than Minimum on Credit Card

By Bill Fay | March 19, 2013

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…

Western Sky predatory lending

Regulations Target Western Sky and Native American Predatory Lending

By Katherine Pilnick | February 25, 2013

Imagine a financial service that could help you pay all your bills while at the same time fixing your credit history. That’s the promise of Western Sky Financial. Sound too…