May 6, 2020
Debt.com surveyed over 2,600 people in February 2020 and found that close to 80% said they do use a budget.
May 6, 2020
“Not only do you have the emotional challenges, but you also have the financial challenges,” Howard Dvorkin, a CPA and chairman of Debt.com, tells Business Insider. “My advice is plan, plan, plan.”
May 5, 2020
Howard Dvorkin, chairman of Florida-based Debt.com, told FOX Business he suspects the program will be riddled with fraud, which he noted was “sad” considering many businesses that actually need the assistance may not get it.
One example of potential fraud Dvorkin foresees potentially occurring is a person who may have fired all of his or her staff and applied for a loan, with no intention of rehiring workers, and then files for bankruptcy protection.
May 1, 2020
On the other hand, Howard Dvorkin, chairman of Debt.com, told FOX Business the IRS is right to disallow “double dipping.”
“If you’re getting free money, you shouldn’t get the tax deduction for that,” Dvorkin said. “The taxpayers in the end are paying for this.”
April 29, 2020
Howard Dvorkin, CPA and Chairman of Debt.com, says that although you should be cautious, you can’t believe all the bad propaganda that’s out there. “Yes, there are a few companies that are bad, but you can’t just paint the entire industry with one paintbrush,” he says. “Some are very good and they do the right things.”
April 28, 2020
According to Howard Dvorkin, chairman at Debt.com, these loans can be a good option if you’re facing potential collections attempts. “If you have good credit but a lot of medical debt, consider a debt consolidation loan,” Dvorkin said. “It’s better than letting your bills linger in collections, it allows you to pay off your bills in a lump sum, and it helps you avoid the hassle of setting up a repayment plan.”
April 19, 2020
Debt.com recently published “6 Safe Side Hustles to Help You Get by During the Coronavirus Crisis,” and you can find them here: nwsdy.li/side.
April 14, 2020
Howard Dvorkin, CPA and chairman of Debt.com, said that when a crisis shocks the nation, the effectiveness of contingency plans can be hard to measure, but the aftermath is easier to plan for.
April 10, 2020
Does your budget still make sense for your current situation? If not, you might need to adjust it. And if you don’t already have a budget, now is the time to create one, says Howard Dvorkin.
April 9, 2020
Howard Dvorkin, chairman of Debt.com says separation might be a better option for those who know they cannot afford a divorce but still want to split.
April 3, 2020
“For many, even if they have job security with full-time hours, that may change in a week or month, depending on how long the pandemic lasts. The stimulus money is meant to cover you through income loss and emergency expenses right now, so only use it for that purpose and save it until you need it,” says Howard Dvorkin.
April 2, 2020
“For many, even if they have job security with full-time hours, that may change in a week or month, depending on how long the pandemic lasts. The stimulus money is meant to cover you through income loss and emergency expenses right now, so only use it for that purpose and save it until you need it,” says Howard Dvorkin.
April 2, 2020
“A lower credit score may tell lenders a person is not likely to pay back a loan, and this increases a consumer’s APR,” says Dvorkin.
March 31, 2020
“Cancel extra cable packages,” Dvorkin said. “I know this seems counterintuitive during isolation, but cutting costs is key until this crisis is over.”
March 26, 2020
There’s an excellent reason why just two slices of the FICO pie represent 65 percent of your credit, said Howard Dvorkin, certified public account and finance expert at Debt.com. “If you can’t pay your bills on time and if you’re maxed out on your credit limits, there’s a good chance you’re a bad risk.”
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