The Latest Debt & Finance Blog

MyRA Account Starting Point For Retirement Savings

By Bill Fay | November 12, 2015

The United States government is opening the door to retirement savings for the millions of Americans who have nothing invested there, but a word of caution if you go inside:…

Borrowers Get Another Way To Repay Student Loan Debt

By Bill Fay | October 29, 2015

The U.S. Department of Education (DOE) announced it was imposing regulations to prevent colleges from steering students to specific debit and prepaid cards for use with federal grant and loan…

Employers Up The Ante On 401k Plans

By Bill Fay | October 22, 2015

There is a new twist on the ages old discussion about how much is needed for retirement savings: Employers – not employees! – are taking the initiative. The Vanguard Group,…

Workers Put Paying For Child’s College Ahead Of Retirement Savings

By Bill Fay | October 20, 2015

American workers have found another escape hatch to avoid contributing to their retirement savings and at least 33 percent of them say they would voluntarily take it. The LIMRA Secure…

Walmart Ahead Of Competitors With EMV Cards

By Bill Fay | October 7, 2015

While most retailers in the United States struggle to catch up to the new EMV chip technology for credit cards, Walmart has been ready for nearly a decade. The nation’s…

CFPB Orders Debt Collection Agencies To Refund Millions

By Bill Fay | September 10, 2015

The 77 million Americans pursued and often harassed by debt collection agencies won a moment of relief when the Consumer Financial Protection Bureau (CFPB) ordered the nation’s two largest debt…

3 Reasons To File For Bankruptcy

By Bill Fay | June 22, 2015

There aren’t many words in the English language less understood and more avoided than bankruptcy. “There definitely is a stigma attached to it,” Jeff Badgley said. “When people hear it,…

Father’s Day Financial Advice … You Get What You Pay For!

By Bill Fay | June 8, 2015

Father’s Day is just around the corner and I think it’s time to change the way we celebrate the occasion at the Frugal Man’s house. I think I will do…

Attention 2015 college graduates: You just started a six-month grace period. Most of you, anyway.

By Bill Fay | June 5, 2015

There are approximately 2.8 million college graduates this year and 75 percent of them – 2.1 million people – borrowed an average of $35,000 to pay for that diploma. That…

Stuck With Bad Credit Score? T-Mobile Offers Some Relief

By Bill Fay | May 26, 2015

Advertisers have teased American consumers forever with deals too good to be true and today’s boasts are more enticing than ever: Zero-percent financing on a new car and some credit…