The Latest Debt & Finance Blog

There is debt in major league baseball

Money Flows to MLB, but There is Debt in Baseball

By Bill Fay | April 11, 2013

There’s no debt in baseball. The season just started and no matter where you look, the sport is gushing money like a BP oil well. Consider these figures: $14.2 billion:…

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?”…

Airline ratings are up, but so are complaints and fares.

Airline Ratings Are Up — So Are Complaints and Fares

By Bill Fay | April 10, 2013

The U.S. airline industry is coming off its second-best year ever in terms of customer service, but it comes with a price: Complaints were up, and so was the average…

Sequestration has not slowed the economy. Obama prepares to submit budget to Congress.

As Budget Talks Continue, Sequestration Has Yet to Stall Economy

By Bill Fay | April 4, 2013

A month after sequestration kicked in, the alarms sounded by President Obama – “It will cost us jobs and slow down our economy,” he said Feb. 5 – have not…

Some job applicants are rejected because of poor credit scores.

Some Employers Believe a Poor Credit Score Indicates Poor Work Habits

By Bill Fay | April 3, 2013

Looking for a job isn’t fun, even in the best of times. It’s a lot worse in the worst of times — times like these. While the national unemployment rate…

gay marriage would be economic stimulus

Could Legalizing Same-Sex Marriage Boost the Economy?

By Bill Fay | April 1, 2013

The hot topic in America is the issue of gay marriage, as the Supreme Court has been asked to rule on the Defense of Marriage Act and on California’s marriage…

college graduates are saddled with student loan debt

Defaults on the Rise as College Grads Drown in Student Loan Debt

By Bill Fay | March 29, 2013

Student loan debt could be the next economic bubble waiting to burst. Banks wrote off $3 billion in student loan debt the first two months of 2013, and an estimated…

As April 15 tax deadline approaches, IRS warns of identity theft and fraud.

Taxpayers Beware: Filing Scams and Refund Fraud on the Rise, Says IRS

By Bill Fay | March 27, 2013

There is encouraging news from the IRS this week: Statistically speaking, you likely are due a refund when you file a tax return. There is also discouraging news: That refund…

partisan budget battle in Congress

Nobody Winning Partisan Budget Battle in Congress

By Bill Fay | March 26, 2013

Before the ink dries, there will be at least six budget resolutions offered and voted on in the House of Representatives: The Paul Ryan budget, a budget crafted by moderate…

Education tax credits can help young couples

Education Tax Credits Offer Big Savings for College Students and Their Families

By Kaitlyn Fusco | March 21, 2013

As the April 15 deadline to file taxes approaches, it’s important for college students and their parents to be aware of education tax credits, which can save families thousands of…