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“Nearly two-thirds of your credit score is determined by just two factors: payment history and how much you owe,” says Howard Dvorkin, CPA and chairman of Debt.com.

“The problem is when you have bad credit, you’re not getting that super-low 8 to 10% interest rate,” said Howard Dvorkin, chairman of Debt.com. “In extreme cases, you might not save a dime, because the personal loan might actually charge more than the interest on your existing credit cards.”

“A counselor gives you an in-depth debt analysis over the phone,” says Howard Dvorkin, chairman of Debt.com. “There’s no obligation, and you hang up knowing all your options and — most importantly — creating an accurate monthly budget.”

“When interest rates are high, credit card debt becomes the most expensive mistake you can make,” said Howard Dvorkin, a certified public accountant and the chairman of Debt.com.

“If the Fed cuts rates later this year or next, we’re not likely to see credit card interest drop dramatically,” says Howard Dvorkin, chairman of Debt.com. “Any changes will be slow and small.”

“[Consult] a professional [at] a credit counseling agency or debt solutions company,” Howard Dvorkin, chairman of Debt.com, says. “They’ve seen the worst payday loan emergencies you could imagine, so they know how to deal with them.”

“The only certain prediction is that our economy will remain unpredictable for many more months,” said Howard Dvorkin, CPA and chairman of Debt.com. “Until we have clarity about the on-again-off-again tariffs and their impact, I wouldn’t count on rates dropping.”

Now Americans are rediscovering their value,” Howard Dvorkin, chairman of Debt.com, says.

“Actually, 50% of all marriages fail, and the No. 1 reason is financial pressure,” Dvorkin said. “I can’t tell you how many times I get a letter on a monthly basis or an email, (saying) ‘thank you for saving my family, thank you for saving my marriage, thank you for saving my life.’”

“Start by researching local nonprofits that focus on financial literacy and assistance,” says Dvorkin.

“Even if headlines suggest inflation is cooling, everyday Americans are still feeling its full weight at home,”

“Our findings show that many are forced to lean on high-interest credit cards just to get by—yet most haven’t taken steps to explore solutions that could help them regain control.”

“There’s a simple reason your credit card issuer will do this,” says Howard Dvorkin, certified public accountant and chairman of Debt.com. “If you’ve been a good longtime customer, they don’t want to lose you. It costs money to recruit new customers. Many times, it’s cheaper to keep their existing customers happy.”

“If your bank is closing a local branch, don’t panic — but don’t delay, either,” says Howard Dvorkin, CPA and Chairman of Debt.com. “Be proactive. Get support. And know that managing money in today’s world means staying flexible. With the right help, even big changes like this can become manageable.”

“Use whatever you save to pay down the next debt,” says Howard Dvorkin, CPA, debt counselor and chairman at Debt.com. “Whatever you do, don’t spend that savings on anything that isn’t crucial to your life. Otherwise, the whole exercise becomes meaningless.”

“Inflation doesn’t just raise prices; it hikes interest rates, too,” says Howard Dvorkin, chairman of Debt.com. “That credit card that once charged 18% interest might now be up to 22%. That’s because inflation eats into the profits of credit card issuers just like it eats into your household budget.”