When could credit card interest rates become affordable again? Experts weigh in
"The only certain prediction is that our economy will remain unpredictable for many more months," said Howard Dvorkin, CPA and chairman of Debt.com. "Until we have clarity about the on-again-off-again tariffs and their impact, I wouldn't count on rates dropping."
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These are the most effective debt relief strategies to use right now, experts say
"Now Americans are rediscovering their value," Howard Dvorkin, chairman of Debt.com, says.
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Nearly 1 in 3 Americans think household debt affecting their health, study says
"Actually, 50% of all marriages fail, and the No. 1 reason is financial pressure," Dvorkin said. "I can't tell you how many times I get a letter on a monthly basis or an email, (saying) 'thank you for saving my family, thank you for saving my marriage, thank you for saving my life.'"
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Ordinary Americans Are Feeling the Strain of Record-High US Credit-Card Debt
“Even if headlines suggest inflation is cooling, everyday Americans are still feeling its full weight at home,”
“Our findings show that many are forced to lean on high-interest credit cards just to get by—yet most haven’t taken steps to explore solutions that could help them regain control.”
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5 Times to Skip the Chatbox and Call Your Credit Card Company
"There's a simple reason your credit card issuer will do this," says Howard Dvorkin, certified public accountant and chairman of Debt.com. "If you've been a good longtime customer, they don't want to lose you. It costs money to recruit new customers. Many times, it's cheaper to keep their existing customers happy."
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Retirees: Is Your Local Bank Closing? Four Ways to Cope
“If your bank is closing a local branch, don’t panic — but don’t delay, either,” says Howard Dvorkin, CPA and Chairman of Debt.com. “Be proactive. Get support. And know that managing money in today’s world means staying flexible. With the right help, even big changes like this can become manageable.”
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