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COVID-19: Debt.com advises financial quarantine
March 25, 2020
FORT LAUDERDALE, Fla., March 25, 2020 — Debt.com, the nation’s leading provider of personal debt solutions, is advising Americans to watch their finances during the COVID-19 shutdowns. They have created a hub page where consumers can access personal finance information and resources and they have a hotline where consumers can call to get their questions answered. In this fluid […]
Read MoreDebt.com Survey: Divorced Americans are Indebted to Their “Happily Ever After”
February 5, 2020
Debt.com/MoneyWise.com surveyed nearly 800 divorcees to find that most are $5,000 or more in debt as a result of their divorce. FORT LAUDERDALE, Fla., Feb. 5, 2020 — Everyone knows divorce is costly, but a new survey reveals that debt follows divorce long after it’s final. Debt.com and MoneyWise.com surveyed nearly 3,000 Americans and 800 […]
Read MoreFailed Resolution Déjà vu: Debt.com Helps Americans Resolve Debt the Right Way in 2020
January 21, 2020
Good economy or bad, Americans are still making financial New Year’s resolutions – and still not keeping them. Fort Lauderdale, FL January 21, 2020 – Over the past three years, Debt.com has surveyed almost 5,000 people and found that about two-thirds consistently say they have a financial New Year resolution, but most of them also […]
Read MoreIn the Media
How credit scores affect interest rates
“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.
Expenses you should eliminate during coronavirus crisis
“Cancel extra cable packages,” Dvorkin said. “I know this seems counterintuitive during isolation, but cutting costs is key until this crisis is over.”
More people are avoiding cash. That might not be a good thing
But be careful. The credit card company may opt to reduce your credit limit, said Howard Dvorkin, founder of Debt.com, a debt resolution resource site. But getting a lower interest rate might be worth the risk.
“I would advise that people drill down on their credit right now and see what opportunities you have to reduce your payment and reduce your interest,” Dvorkin said. “To reduce the interest is the ultimate thing.”
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