When major media outlets need the perspective of a personal finance expert, they call Howard.
By: Jean Chatzky | Source: SavvyMoney
“Extended warranties are intentionally confusing and limiting,” he explains. “If that washing machine breaks? It might be chalked up to ‘regular wear and tear,’ which is rarely covered.” If extended warranties were such great deals, he reasons, why do salespeople push them so hard? “Obviously, they’re cash cows for everyone but you.”
By: Sam Bourgi | Source: Credit News
You can’t get out of debt if you don’t understand what’s keeping you there,” Debt.com’s chairman Howard Dvorkin told Fox Business.
By: Nicole Spector | Source: Yahoo Finance
“I hate store credit cards the way the Grinch hates children’s gifts,” said Howard Dvorkin, CPA, chairman of Debt.com. “They’re so costly, they should be classified as a weapon of financial destruction.”
By: Adam Shell | Source: AARP
“These cards come with expensive offers in order to get the card into people’s hands, and that’s not by accident,” said Howard Dvorkin, a CPA and chairman of Debt.com. “It’s very enticing when you’re standing at the register and the clerk says, ‘Can I interest you in a credit card you don’t have to make payments on for a year?’ ”
By: Jessica Dickler | Source: CNBC
“Americans are addicted to credit cards, no question,” said Howard Dvorkin, a certified public accountant and the chairman of Debt.com.
By: Donna Freedman | Source: Surviving and Thriving
Howard Dvorkin, chairman of Debt.com, points out that the annual percentage rate for retail credit cards is now 28.93% on average. Some retailers go higher; for example, Michael’s and Burlington charge an APR of 33.24% on their store cards. Used correctly, though, promotions use can “be part of a smart strategy to save money on large purchases like home appliances, furniture or a new computer,” according to Dvorkin.
By: Jessica Dickler | Source: CNBC
Now, “consumers are maintaining and supporting their lifestyles using credit card debt,” said Howard Dvorkin, a certified public accountant and the chairman of Debt.com.
By: Jessica Dickler | Source: CNBC
“there is a tremendous amount of education out there,” said Howard Dvorkin, a certified public accountant and the chairman of Debt.com. “Stay away from TikTok, stay away from Instagram,” he said.
By: Amy Fontinelle | Source: Mass Mutual
Freezing your credit used to be a costly headache, said Howard Dvorkin, CPA and chairman of Debt.com. Then, in 2018, Congress ordered the big three credit bureaus — Equifax, Experian, and TransUnion — to offer credit freezes free of charge. It became relatively simple to freeze and unfreeze your credit online. Of course, it’s not simple if you aren’t computer savvy, Dvorkin noted. “Credit freezes massively reduce the risk of identity theft, but nothing is totally effective,” Dvorkin said. “If you freeze your credit, you still need to review your credit card statements and check your credit reports annually.”
By: Donna Fuscaldo | Source: AARP
“The reason Sam’s Club is the least expensive of the three is because of Walmart’s buying power,” says Howard Dvorkin, chairman of Debt.com. “That said, they don’t have the premium brands Costco typically has.”
By: Amy Fontinelle | Source: MassMutual
“Retirees need a good credit score because they’ve retired from their jobs, not their lives,” said Howard Dvorkin, CPA and chairman of Debt.com.
By: Alisa Wolfson | Source: Market Watch
It also may be — depending on the details of your situation — that you want to declare bankruptcy, says certified public accountant (CPA), Howard Dvorkin, chairman of Debt.com. “Bankruptcy was created just for these situations, when good people are stuck in a bad place. In this instance, it doesn’t matter how diligent you are and how hard you’re willing to work to get out of debt. The blunt truth is that your physical body and your financial situation cannot be overcome by sheer force of will. You need to speak with a bankruptcy attorney,” says Dvorkin.