Jason Holmes

How can you enjoy the holidays when your financial health is frail?

Problem: I lost my job during the recession. It left me financially crippled. I used my credit card for every single purchase and incurred a huge amount of debt. All my efforts to get out of the debt sea went into vain. I filed bankruptcy to resolve my... Read >

What are the chances of being sued for a delinquent account?

Problem: I have always been current on my accounts. However, things changed after I lost my job in October 2010. I have not been able to make payments on the Amex card and the Chase card since then. I planned to pay off my debts after securing a jo... Read >

Personal financial crisis - How can you get out of it?

Problem I have 3 credit cards in total. As it was getting very difficult for me to pay the credit card bills, I decided to make a payment arrangement with my creditors. My creditors were quite co-operative. They proposed a program wherein a significant... Read >

Should you pay the credit accounts not listed on your credit report?

Problem I am going through a strange debt problem. My car was repossessed around 10 years back as I was unable to make payments on the auto loan. I also defaulted on a credit card that time. I was going through financial problems at that point of time... Read >

How can you find out whom you owe debt?

Problem I am getting calls from several collection agencies regarding debts. They are calling me and threatening to arrest me if I don’t pay off the debts. But the fact is, I don’t even know who I actually owe money. I don't know whom should I call or... Read >

How can you begin credit life after your spouse has expired?

Problem My husband has passed away on January 27, 2011. My husband used to look after the bills when he was alive. As far as I know, he used the credit cards quite responsibly. But now I have to start handling all the credit cards myself. In short, I ... Read >

Real estate guide - Is it good time to buy real estate?

The real estate sales had risen a little in January of 2011 as per the reports produced by the National Association of Realtors. The sales of existing homes rose by 2.7% to a seasonally adjusted annual percentage rate of 5.36 million units, from that of a... Read >

Is it possible to repair your credit record after divorce?

Problem I divorced my husband 3 years ago. I was not working at that point of time. So, I could not pay off most of my credit card bills at that time. One of my credit accounts was charged-off by my creditor as he lost all hope of recovering the money... Read >

How to stop harassing collection calls for a wrong debt

Problem: 3 weeks back I got a call from XYZ collection agency for a credit card debt I don’t owe. I do have credit cards but the company has been calling for a Smith Jones who is not me. I have told them that they are calling the wrong person and that the... Read >

Should you settle your debts to become debt free?

Problem: My wife had a talk with some of the credit card companies we have debt with. While negotiating a settlement, my wife has come to know that the forgiven amount is a taxable income and the settlement once reported to the credit bureaus can decre... Read >

How can you repay store credit cards?

Problem I am going through store credit card debt problems. I have not been able to pay the bills for some months. So far, I have not received any calls regarding the payment of bills. But, I fear that it will happen soon. One thing I want to know is ... Read >

How can seniors pay off debts successfully?

Problem My father is 85 years old and my mother is 79 years old. My father suffered a stroke last year and is partially paralyzed since then. My mother has high blood pressure and sugar. They are somehow managing the medical expenses through Medicare... Read >

Can you lose your job due to wage garnishment?

Problem: I have successfully completed my graduation 3 months back. I got a job on November 2, 2010. The salary is not great but is enough to cover my basic expenses. During my college days, I took out few loans to finance my education and other neces... Read >

How can you deal with debt post bankruptcy?

Problem: I had incurred huge amount of debt in the past few years. I had defaulted on 2 credit card loans and 1 personal loan. My total debt amount was around $95,000. I filed bankruptcy in September 2009 as I didn’t have adequate funds to pay off th... Read >

Debt settlement: Does it really help to improve your credit?

Problem: We live in Arizona. My husband’s credit is very poor. He has a huge debt load. Last year, my mother-in-law underwent a surgery. My husband had to take out a loan to repay the medical bills. Apart from that, he has huge credit card bills. His t... Read >