When major media outlets need the perspective of a personal finance expert, they call Howard.
By: Aly Yale | Source: CBS News MoneyWatch
“Debt relief is a broad term, encompassing a number of solutions,” says Howard Dvorkin, chairman of Debt.com. “It’s kind of like asking, ‘What is a diet?’ There are as many ways to shed debt as there are to shed weight.”
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,” “Every credit card company is mandated by law to give you the credit card agreement,” “When you pay late, credit card companies can hit you with higher interest rates that won’t drop,”
By: Yngrid Fuentes | Source: Noticias Telemundo
“Bankruptcy filings are increasing because three costly factors have converged. First, inflation may not be rising as fast as before, but it’s not going down either. The longer inflation persists, the weaker Americans’ finances become,” “Second, student loan payments that were frozen for three and a half years were unfrozen in October, meaning 45 million people suddenly owe hundreds of dollars a month. Third, with credit card interest rates at record levels (an average of 25%) it is no longer possible to use plastic to fill income gaps.” “Most of your credit score is determined by a simple measurement called ‘payment history.’ All that means is: ‘Do you pay your bills on time?’ ”
By: Terry Lane | Source: Investopedia
“Medical debt doesn’t exist in a vacuum. It’s quite likely that doctor’s visits have become harder to pay because Americans have many other debts they’re juggling,” said Debt.com founder and chairperson Howard Dvorkin.
By: Yaёl Bizouati-Kennedy | Source: yahoo!finance
The only way a small business can truly protect itself from these rate hikes is to go into “turtle mode,” said Howard Dvorkin, CPA and chairman of Debt.com. “Shelve plans to expand your business unless you’re damned sure you can outrun these rate hikes. Focus on efficiency instead of growth. Lock down your current client base so your numbers become predictable enough to weather the storm — and hope like hell the storm passes quickly.”
By: Hilary Powell | Source: CBN
People are subsidizing their normal costs, their normal living expenses, using the credit cards. So maybe things were great three years ago. But now with the inflated expenses for groceries and fuel, and all the other expenses – and travel I have to say because the airports are very busy – they’re using credit cards to pay for it.
By: Gary Guthrie | Source: ConsumerAffairs
ConsumerAffairs asked Howard Dvorkin, CPA and chairman of Debt.com, for the ugly truth anyone considering BNPL needs to know. “All BNPL providers are not the same. They offer very different terms, and you need to closely review the agreement,” Dvorkin said, noting that like credit cards, BNPL arrangements have varying terms on payback, interest rates, and fees. “This definitely isn’t like paper towels, where both Bounty and Brawny will wipe up a spill.”
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: 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: 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.