This month, answers all your questions – in under a minute

Every April is Financial Literacy Month, and I’ve written before, it resembles Dental Hygiene Month. Why? Because flossing and saving aren’t fun, even if the results are. After all, we all want to keep our teeth and our money for as long as possible. and many other educational sites – from Money Talks News to Get Out of Debt Guy – can teach you all you need to know to spend less and save more. But this month, I want to quickly tackle some of the most common questions I’ve been asked in more than two decades of counseling Americans on their money.

Not surprisingly, the most common questions are mostly about credit – from credit cards to credit scores. Because I know you’re busy, I’ll answer all of them in a minute or so, sometimes less.

Check out the short videos below, and if you want to know more about any of my answers, click the links right underneath the video player.

How can I lower the interest rate on my credit card?

The average interest rate on a credit card these days is hovering right around 15 percent. That’s 15 times as much as you’ll earn in the best savings accounts. While you can’t just ask your bank to pay you more interest, you can ask your credit card company to lower the amount they charge you…

To learn more, check out Credit Card Interest Rate Negotiation.

What’s the ideal number of credit cards I should have?

My first answer below will shock you, and the second answer might not be what you want to hear…

To learn more, check out How Many Credit Cards Is Too Many?

How can the credit card companies raise my interest rate when I’ve paid my bills on time?

The most common cause: You signed up for a promotional rate, and it expired. If your credit score dropped or you’ve fallen behind on your payments, that can also lead to a rate hike…

To learn more, check out A clever and proven way to chop down those credit card interest rates.

What’s the difference between a credit score and a credit report?

They’re not the same thing, but they’re in the same family…

To learn more, check out Mysteries of the great and powerful credit score.

My spouse died and I discovered a lot of credit card debt. Do I have to pay it?

It’s a depressing question, but one I’ve heard all too often in my two-plus decades as a financial counselor: “My spouse died and I discovered a lot of credit card debt. Do I have to pay it?”

If you face this situation, you have my sympathy. You also have my help…

To learn more, check out What Happens to Your Debt When You Die?

How can I get a credit card if I don’t have a credit history?

A few years ago, The New York Times began a story about credit history with one of my employees who had no debt – and couldn’t get a credit card. As I told that reporter, having no credit history can be worse than having no credit history.

Fortunately, this is a Catch-22 you can easily solve…

To learn more, check out 6 ways to build a credit history from scratch and 7 Ways to Build Credit without a Credit Card.

What’s the difference between a credit card, debit card, and a secured credit card?

They’re all made out of plastic, but that’s where the similarity ends. It can get confusing, but let me break it down for you in less than a minute…

To learn more, check out Ask The Expert: Which Secured Credit Card Is Hands-Down The Best?

Did we provide the information you needed? If not let us know and we’ll improve this page.
Let us know if you liked the post. That’s the only way we can improve.
The views and opinions expressed in this article are those of the author(s) and do not necessarily reflect the opinions and/or policies of

About the Author

Howard Dvorkin, CPA

Howard Dvorkin, CPA

I’m a certified public accountant who has authored two books on getting out of debt, Credit Hell and Power Up, and I am one of the personal finance experts for I have focused my professional endeavors in the consumer finance, technology, media and real estate industries creating not only, but also Financial Apps and Start Fresh Today, among others. My personal finance advice has been included in countless articles, and has appeared in the New York Times, the Washington Post, Forbes and Entrepreneur as well as virtually every national and local newspaper in the country. Everyone should have a reason for living that’s bigger than themselves, and besides my family, mine is this: Teaching Americans how to live happily within their means. To me, money is not the root of all evil. Poor money management is. Money cannot buy happiness, but going into debt always buys misery. That’s why I launched I’m glad you’re here.

Published by, LLC