When major media outlets need the perspective of a personal finance expert, they call Howard.
By: Aly Yale | Source: Money Watch – CBS News
“The best way to pay as little as possible is to work with a debt professional who can get you on a debt management or debt settlement program,” says Howard Dvorkin, chairman of Debt.com. “A debt management plan can cut your total debt payment by up to half by reducing or eliminating the interest rates.”
By: John Morales and Glen Lewerenz | Source: Relevant Radio
It’s tough to start out as a young person. The American Dream is going to be very difficult for Gen Z to obtain. Moving out of mom and dad’s house is going to be a struggle.
By: Aly Yale | Source: CBS News MoneyWatch
“Yes, in the very short term your credit score may drop, but if you make payments on time and in full, your score will soon rise,”
By: Beth Deyo | Source: Bankrate
“If they report and you go out and get five of these loans, it looks like you’re desperate for credit,” says Howard Dvorkin, CPA and chairman of Debt.com. “You have to be very careful.”
By: Alisa Wolfson | Source: MarketWatch
“I’ve had clients who drive for miles to find the cheapest gas, but they don’t put in the same effort to find an affordable mortgage. The reason is simple, homebuying is complicated and it’s easy to get overwhelmed to the point that you simply rely on your bank for a mortgage,” s
By: Katie Kelton | Source: Yahoo Finance
“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.”
By: Mike Senecal | Source: BadCredit.org
“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.”
By: Holly Johnson | Source: Business Insider
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.
By: Tim Maxwell | Source: Money Watch – CBS News
“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.”
By: Casey Bond and Dawn Papandrea
“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.”
By: KIPLINGER ADVISOR COLLECTIVE | Source: Kiplinger
“Don’t blend everything. To keep a healthy marriage, keep some money for yourself. If your partner craves the latest iPhone and you collect rare comic books, you don’t need to fight. Instead, budget for both. Agree on how much ‘fun money’ you two will set aside, whether it’s a percentage of salary or a dollar figure. That won’t stop each of you from being judgy, but it will stop you from arguing.”
By: Katie Teague | Source: CNET
“Credit card companies make more money when the minimum payment is lower, so more money goes towards the interest rate and less towards the principal,”