When major media outlets need the perspective of a personal finance expert, they call Howard.
By: Jessica Dickler | Source: CNBC
Still, “if you have five credit cards [with utilization rates around] 20%, you have a lot of debt out there,” said Howard Dvorkin, a certified public accountant and the chairman of Debt.com. “People are living a life that they can’t afford right now, and they are putting the balance on credit cards.”
By: Erica Sandberg | Source: Bankrate
If your card’s limit was reduced due to account dormancy, pick it up and start using it, says Howard Dvorkin, a New Jersey-based CPA and chairman of Debt.com. “After you make a few charges, they may change their mind.” “Remember, it’s not a personal insult,” says Dvorkin. “It’s a business decision.”
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.” “If you can’t afford it, don’t buy it,” he advises.
By: Brian O’Connell | Source: Wealth of Geeks
“Closing a credit card with an outstanding balance is the worst thing you can do,” says Howard Dvorkin, a certified public accountant and chairman at Debt.com in Ft. Lauderdale, Florida. “It hurts you in so many ways and helps you in none.”
By: Melanie Lockert | Source: Newsweek Vault
“With credit card interest rates hovering around 20%, that means you’re handing $1 to someone else for every $5 you charge. That’s a huge hit to your income for zero benefit. Unlike a mortgage or car loan, that interest isn’t putting a roof over your head or driving you to work,” says Howard Dvorkin, CPA and chairman of Debt.com.
By: Yael Bizouati-Kennedy | Source: Yahoo Finance
“Many people might not have heard of Poughkeepsie, but it’s 12% more expensive to live there than the national average,” he said, citing ERI Economic Research Institute data. “Most of our money goes to food and shelter, so where you live determines how much you spend — and if you save,” Dvorkin said. “So, there’s no mystery here. But don’t forget peer pressure. If you live in an expensive city, you’ll feel compelled to look successful so you can fit in. S
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: 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: 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.”