Financial News Features

If you feel like it’s professional financial help you need for your money stress rather than a therapist, there are free places to go for that, says Howard Dvorkin, a CPA and chairman of Debt.com. "Your bank or credit union probably offer free online budgeting tools that can help you squeeze every last dime from your income. And nonprofit credit counseling agencies often offer free, in-depth debt analysis over the phone,” he adds. “Do-it-yourself solutions are mostly played out,” he says. “There are only so many coupon and gasoline apps you can download.”

"The best way to pay as little as possible is to work with a debt professional who can get you on a debt management or debt settlement program," says Howard Dvorkin, chairman of Debt.com. "A debt management plan can cut your total debt payment by up to half by reducing or eliminating the interest rates."

It's tough to start out as a young person. The American Dream is going to be very difficult for Gen Z to obtain. Moving out of mom and dad's house is going to be a struggle.

"Yes, in the very short term your credit score may drop, but if you make payments on time and in full, your score will soon rise,"

“I’ve had clients who drive for miles to find the cheapest gas, but they don’t put in the same effort to find an affordable mortgage. The reason is simple, homebuying is complicated and it’s easy to get overwhelmed to the point that you simply rely on your bank for a mortgage,” s

“If they report and you go out and get five of these loans, it looks like you’re desperate for credit,” says Howard Dvorkin, CPA and chairman of Debt.com. “You have to be very careful.”