Media Hits

“People are buying ‘wants’ not ‘needs,’” said Howard Dvorkin, CPA and chairperson of Debt.com. “At the end of the day, you shouldn’t be buying things you don’t have money for.”

A study was done by Debt.com recently, and the stats from that are fascinating. It states that close to 38% of women and 42% of men don’t have a budget.

Data from Debt.com reports that half of Americans carry significant medical debt. With the current healthcare system in the US, one hospital visit has the potential of bankrupting a person.

Howard Dvorkin, CPA and chairman of Debt.com, is the author of “Credit Hell – How to Dig Out of Debt.” Dvorkin shares perspective on reviewing credit card statements.

“Do you check your gas gauge before going on a road trip? Do you look at the expiration date before you drink the milk in your refrigerator? Sure you do. It takes only a moment. Same thing with reviewing your credit card statements,” Dvorkin explains.

Howard Dvorkin, CPA and chairman of Debt.com and author of “Power Up: Taking Charge of Your Financial Destiny,” compared building credit with voting. “You need to be 18, but you can start preparing years before,” Dvorkin noted. “You can learn how things work so you can make informed decisions when the time comes. Since the minimum age for a credit card is 18, parents should use the years before that to teach their children how to be financially responsible adults.”

According to Debt.com, 80% of Americans make budgets each month, but only one-in-three adhere to it and remain organized with their money.

Half of Americans carry medical debt, and nearly 60% of those with debt owe at least $1,000, according to Debt.com.

With nearly a quarter of Americans facing student loan debt, and a recent Debt.com survey which revealed that 50 percent of Americans also face some form of medical debt, people across the country have struggled to support themselves on a day-to-day basis, while also keeping up with various repayments.

“Call your Human Resources Department,” said Howard Dvorkin, CPA and chairman of Debt.com. “You might have work benefits that offer tax breaks. These are pretty specific.

Howard Dvorkin, CPA and chairman at Debt.com, says that if you’re looking to pay off credit card debt, a personal loan is a better option.

A recent survey by debt.com has shown that 80% of Americans are now budgeting, up from 67% just two years ago.

According to Howard Dvorkin, CPA and chairman of Debt.com, the first step to tackling debt is to take a full inventory of your debts. “Know how much is owed, to whom and where (you) are with payments,” he said.

According to a recent Debt.com article, the majority of Americans keep a budget.

A 2021 Debt.com online survey asked 541 people nine questions related to said debt; adults from all 50 states and Washington, D.C., responded.

According to a 2021 poll by Debt.com, four in 10 people reported being victims of identity theft.