When major media outlets need the perspective of a personal finance expert, they call Howard.
By: Katie Teague | Source: c|net
If you owe a significant amount of money on your credit card, your minimum payment will likely be around 2-3% 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: Adam Bulger | Source: Fatherly
“There’s no question in my mind that we’re in a recession,” Howard Dvorkin, Chairman of Debt.com and personal finance guide, says. “Maybe the economic and technical definitions of a recession haven’t hit yet but we’re there.”
By: Michael Tedder | Source: The Street
But here’s the thing, it’s entirely possible that we’re already in a recession, and just don’t know it yet, according to Howard Dvorkin, CPA and Chairman of Debt.com. Economists define a recession as two consecutive quarters of negative growth – which means production drops and unemployment rises. There’s a problem baked into that definition: You can’t know for sure if you’re in a recession for almost six months,” says Dvorkin. “We can read the tea leaves and make educated guesses, but we can’t confirm those until two quarters are nearly over. By then, of course, it’s too late to prepare.”
By: Elizabeth Gravier | Source: CNBC
Howard Dvorkin of Debt.com recommends looking at recurring charges such as unused gym memberships or subscriptions.
By: Rebecca Lake | Source: Creditcards.com
Credit scores help determine the interest rates and fees credit card companies charge you, says Howard Dvorkin, personal finance expert and chairman of Debt.com.
By: Maryalene LaPonsie | Source: US News and World Report
“The envelope method is a great tool for budgeting because it forces people to take control of their spending with cash in hand,” says Howard Dvorkin, CPA and chairman of Debt.com.
By: Aimee Bohn | Source: Investment U
The CPA and chairman of Debt.com, Howard Dvorkin, warned of carrying credit card debt into retirement… Right now, [credit card] interest rates are hovering around 20%. That means you’re paying a dollar for every five you borrowed.
By: Art Raymond | Source: DeseretNews
“People are buying ‘wants’ not ‘needs,’” Howard Dvorkin, CPA and chairperson of Debt.com, told CNBC.
By: Casey Bond | Source: U.S. News & World Report
“Credit utilization makes up such a significant part of your score because if you’re maxing out credit cards, lenders may assume that you are living beyond your means, ultimately deeming you as a credit risk,” says Howard Dvorkin, a CPA, author, columnist and chairman of personal finance site Debt.com.
By: Jared Lindzon | Source: Time
Having a budget is always the best way to keep costs under control, and in recent years inflation has caused many Americans to take up the practice. According to a survey by debt.com, 80% budgeted their expenses in 2021, compared with only 68% in 2019.
By: Mark Huffman | Source: Consumer Affairs
For would-be buyers, it may also turn out to be an opportunity if the market softens. Howard Dvorkin, a CPA and chairman of Florida-based Debt.com, says this is no time for buyers to take on a debt that may prove to be unmanageable. “If you find yourself saying out loud, ‘I think I can stretch my budget to buy this home,’ don’t do it,” Dvorkin told ConsumerAffairs. “Your budget will be stretched after you buy a home. Don’t forget all the background expenses that go into a just-bought home – from taxes to furnishings, from repairs to maintenance.”
By: Dan Clarendon | Source: Market Realist
Howard Dvorkin, CPA and chairman of Debt.com, says in a Q&A on that website that most scholarships don’t check how recipients use the money. However, he adds that scholarships usually don’t help pay off student loans, since you have to be enrolled in college to get a scholarship.