The Latest Debt & Finance Blog

Fact or Fiction: Debt Relief in the Time of Coronavirus

Fact or Fiction: Debt Relief in the Time of Coronavirus

By Bill Fay | March 20, 2020

Truth, they say, is the first casualty of war. And on March 13, President Donald Trump put America on a war footing. We’re coming for you, coronavirus. Speaking from the…

How to get out of debt in 2020

How to Get Out of Debt in 2020

By Bill Fay | February 24, 2020

Surveys show most Americans will make a resolution to get out of debt in 2020. Surveys also show most Americans will fail miserably. If you want to get out of…

Image of a new credit report

How the New FICO Credit Scoring System Will Affect You

By Bill Fay | January 29, 2020

The announcement that FICO will put two new credit scoring models – FICO 10 and FICO 10T – into play this summer is the ultimate good news/bad news situation for…

Piggy bank wrapped in Christmas lights

How to Stay Out of Debt During the Holidays

By Bill Fay | December 4, 2019

Tempted to spend lavishly and spontaneously this holiday season? Looking for someone to blame? Leave the three wise men out of it. Yes, they launched the tradition of bestowing expensive…

Chalkboard with graph of rising credit card rates

Why Credit Card APR’s Are Rising, Despite Fed’s Third Rate Cut of 2019

By Bents Dulcio | November 4, 2019

Typically, a decrease in the federal funds rate means your credit card APR should fall as well, but that’s not what is happening lately in the U.S. economy. Banks have…

Pay Car Insurance

What to Do If You Can’t Afford Car Insurance

By Bents Dulcio | September 19, 2019

For most Americans, going carless is unthinkable. You need one to buy groceries, take kids to school, visit a doctor’s office and see friends and family from time to time.…

Search Ombudsman Student Loan Complaints

Complaints Abound for New Student Loan Ombudsman

By Bill Fay | September 4, 2019

A drowning person wants somebody to throw them a life preserver. People drowning in student debt might have just been thrown a bowling ball. The government’s new student loan watchdog is…

Disabled veteran in a wheelchair

President Trump Signs Order to Erase Student Loan Debt for Disabled Veterans

By Bents Dulcio | August 28, 2019

Lawmakers, economists and activist all have made headlines debating solutions to the $1.6 trillion student debt crisis burdening the lives of 44 million Americans. Some plans go as far as…

U.S. consumer concerned about debt

Consumer Debt Grows as U.S. Economy Expands

By Bill Fay | August 27, 2019

Americans are taking on ever larger debt loads as they struggle to maintain living standards. They are borrowing more on their credit cards, taking on a soaring levels of student…

Highway exit sign with arrow to bankruptcy

In Era of Trump, Has Bankruptcy Stigma Lost Its Sting?

By Bill Fay | August 8, 2019

With Donald Trump being credited or blamed for virtually every imaginable good or ill (depending on the observer, of course), we in the world of personal finance and debt management…


  1. Holder, S. (2020, March 17) What Cities Are Doing to Stall Evictions and Foreclosures. Retrieved from
  2. Lieber, R. (2020, March 14) Trump’s Student Loan Interest Waiver Isn’t What You May Think. Retrieved from
  3. Kvaal, J. (2020, March 18) Facing COVID-19, Student Loan Borrowers Need A Break. Retrieved from
  4. Lustig, M. (2020, March 18) What to Do if the Coronavirus Affects Your Student Loan Payments. Retrieved from
  5. Singman, B. (2020, March 19) Senate Dems propose suspending student loan payments amid coronavirus outbreak. Retrieved from
  6. Korn, M. And Belkin, D. (2020, March 19) To Fight Coronavirus, Colleges Sent Students Home. Now Will They Refund Tuition? Retrieved from
  7. Snider, M. (2020, March 18) Contact your credit card issuer: Fees or payments may be waived amid coronavirus pandemic. Retrieved from
  8. Samuels, B. And Lane, S. (2020, March 18) Trump orders HUD to suspend evictions and foreclosures. Retrieved from
  9. Adamczyk, A. (2020, March 18) What to do if you can’t make your rent or mortgage payments because of the coronavirus pandemic. Retrieved from
  10. Zeballos-Roig, J. (2020, March 18) Here are the 4 most important things to know about the government's $1,000 minimum payout to all Americans, which is designed to fight the coronavirus outbreak. Retrieved from
  11. Bolton, A. (2020, March 18) Senate Republicans eye $75K income threshold for coronavirus checks. Retrieved from
  12. Grothaus, M. (2020, March 17) Government looking at sending checks to Americans ‘in the next two weeks’ for coronavirus relief. Retrieved from
  13. Taylor, A. And Mascaro, L. (2020, March 19) Stimulus checks of $1,200 per person, $2,400 per couple proposed as $1 trillion coronavirus response plan takes shape. Retrieved from