In the News

By: Yaёl Bizouati-Kennedy | Source: Yahoo! Finance

“In the simplest terms, the federal debt ceiling is a lot like your credit card bill. The debt ceiling is your balance — both you and the federal government have already charged a bunch of expenses. Now it’s time to pay. You write a check, but the federal government needs the House of Representatives to take formal action,” said Howard Dvorkin, Howard Dvorkin, CPA and Chairman of Debt.com.

By: Ana Staples | Source: CNBC

“Prices are up for everything,” says Howard Dvorkin, CPA and chairman of Debt.com. ”[People] are trying to make ends meet but they didn’t want to come off looking like the Grinch during Christmas… They went to the store saying, ‘Okay, I’m only going to spend $25 for a shirt for uncle George.’ And you get to the checkout, and that $25 shirt is now $40.”

By: Breck Dumas | Source: Fox Business

Debt.com chairman Howard Dvorkin recommends anyone with credit card debt should launch a plan to pay it off now, prioritizing the cards with the highest interest rate first. He also urges people to track where their money is going and look for expenses that can be cut.

By: Emma Woodward

“Rewrite your budget to include the monthly loan payments. If your debt-to-income ratio is too high with the loan, reconsider taking out a personal loan,” recommends Howard Dvorkin, CPA and Chairman of Debt.com.

By: Jaime Catmull | Source: GOBankingRates

“Ask a trusted friend or financial advisor to look over your budget and ask them to be brutally honest,” said Howard Dvorkin, chairman at Debt.com. “Take their suggestions and revisit them in a month to check on your progress.”

By: Katie Teague | Source: CNET

If you owe a significant amount of money on your credit card, your minimum payment will likely be around 2% to 3% of your balance, Debt.com resident expert and certified public accountant Howard Dvorkin told CNET. However, it could also be as low as 1%.

By: Donna Fuscado | Source: AARP

If you carry a balance, suddenly, 20 percent off that TV doesn’t seem so appealing. “You should be looking at the interest rate, but most shoppers don’t look at that; they look at deals,” says Howard Dvorkin, a CPA and chairman of Debt.com. “You’ve got to be very, very careful.”

By: Donna Fuscaldo | Source: AARP

“These guys (retailers) have had not one year, not two years but 100 years to figure out how to separate you from your money,” says Howard Dvorkin, chairman of Debt.com. “They are very good at it. They want it to be perceived that you are getting a deal, and sometimes that deal is not a real one.”

By: Robyn Song | Source: Glam

“Really put some thought into this because you’re making a promise to yourself that this is it — you’re not buying anything more for anyone else,” Howard Dvorkin, chairman of Debt.com, tells Nasdaq.

By: Gabrielle Olya | Source: Nasdaq

“With inflation up from last year, consumers are entering one of the priciest holiday seasons during a time when most of them can’t afford it,” said Howard Dvorkin, CPA and chairman of Debt.com. “The pandemic caused many people to stretch their finances, and this holiday season will ask them to pull even further.”

By: Brian O’Connell | Source: TheStreet

“Just because an announcement to eliminate junk fees was made doesn’t mean all banks may comply in all cases,” says Dvorkin. “Banking consumers should conduct a quick internet search for their account fees. If they’ve already been hit with junk fees, they should call their bank and try to get them waived.”

By: Lyle Solomon | Source: Nasdaq

Debt.com polled a thousand Americans, and most participants said that they are now tracking their finances, and their budgeting habit has helped them get out and stay out of debt.