Howard Dvorkin is recognized as a consumer finance expert in the industry. As such, he regularly speaks to major media outlets and news networks about consumer finance. Browse Howard’s latest contributions here to see what Howard has to say about today’s top personal finance news topics. Or, if you’d like to quote Howard in an upcoming piece you’re working on or conduct a full interview, please email [email protected].
In The News
Kevin O’Leary Warns of Rate Hike ‘Crisis’ — Who’s Suffering Most?
By: Yaёl Bizouati-Kennedy|
August 25, 2023|yahoo!finance
The only way a small business can truly protect itself from these rate hikes is to go into “turtle mode,” said Howard Dvorkin, CPA and chairman of Debt.com. “Shelve plans to expand your business unless you’re damned sure you can outrun these rate hikes. Focus on efficiency instead of growth. Lock down your current client base so your numbers become predictable enough to weather the storm — and hope like hell the storm passes quickly.”Read Article»
Biden’s Inflation Reduction Act One Year Later — Has It Impacted Americans’ Wallets So Far?
By: Yaёl Bizouati-Kennedy|
August 21, 2023|yahoo!finance
“The IRA isn’t open-heart surgery for inflation,” said Howard Dvorkin, CPA, founder and chairman of Debt.com. “It’s not that dramatic. Think of it like taking a daily baby aspirin to prevent a heart attack. Many IRA provisions won’t show up in your wallet after one year, but they probably stopped your finances from getting worse.”Read Article»
Growing Debt in America: Credit Card Debt Hits $1 Trillion for the First Time
By: Hilary Powell|
August 9, 2023|CBN
People are subsidizing their normal costs, their normal living expenses, using the credit cards. So maybe things were great three years ago. But now with the inflated expenses for groceries and fuel, and all the other expenses – and travel I have to say because the airports are very busy – they’re using credit cards to pay for it.Read Article»
Some consumers max out credit cards without knowing how much they pay to borrow: Survey
By: Nora Colomer|
August 7, 2023|Fox Business
"You can't get out of debt if you don't understand what's keeping you there," Debt.com's chairman Howard Dvorkin said. "And you certainly can't get out of debt if you don't even know the options you have."Read Article»
Stuck with a big medical bill? Here's what to know about paying it off.
By: Megan Cerullo|
August 3, 2023|CBS News
"A lot of times, medical providers' prices are wacky," Howard Dvorkin, a certified public accountant and chairman of Debt.com, told CBS MoneyWatch. Dvorkin recalls receiving a bill for a medical incident that required his daughter to be airlifted for treatment. The initial total? $18,000. He asked the treatment provider what rate they would have billed his insurance company and said: "That's the rate I'll pay."Read Article»
What are credit repair companies and how do they work?
By: Emma Woodward|
July 30, 2023|Yahoo! Finance
“Think of a credit repair company like you’d think of a tax preparer. Sure, you can do your own income taxes, but sometimes it’s worth the money to hire a professional,” says Howard Dvorkin, CPA and chairman of Debt.com.Read Article»