Financial News Features

“Your biggest challenge has nothing to do with your body or your mind,” says Howard Dvorkin, chairman of Debt.com, who advises people with disabilities about applying for credit. “It has everything to do with your income and your debts. Lenders only care if you can pay back what they give you.”

“We get a good sample, dig through it, and ask questions,” Dvorkin said. “It’s clear that America’s ongoing love affair with debt has evolved.”

"You consolidate your debts through a nonprofit credit counseling agency," says Dvorkin. "You get a free in-depth debt analysis from a trained credit counselor, and you make one monthly payment that covers the principle and drastically reduces interest rates on all your cards. It costs money to have those counselors working with you, but the fee dwarfs the savings."

The thing is, debt consolidation doesn't always work, and for more reasons than one. According to Howard Dvorkin of Debt.com, "all it takes is human nature" for the best-laid debt payoff plan to fall apart.

“Nothing is faster than a motivated cash buyer,” “iBuying is also lightning quick, but you trade price for speed — an iBuyer often makes a lower offer in exchange for getting you the money [fast],”

"One big advantage is that secured cards are relatively easy to get. Another is that parents can be assured their children aren't overspending," says Dvorkin. "Otherwise, it's like learning how to be a trapeze artist without a net."