Debt.com Press Center

“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.”