Financial News Features

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.”

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.

"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.

"If your budget or spending is unorganized, it will be easy to accumulate debt quickly and get in over your head. Make an outline of all of your expenses, allocate whatever amount of money is necessary in order for you to operate, and adhere to the limits that you set yourself," Howard Dvorkin, CPA and personal finance expert at Debt.com, tells Inc.

Perhaps the easiest way to get a credit score is to be added as an authorized user on the credit card of someone who already has an excellent track record, said Howard Dvorkin, CPA and chairperson of Debt.com.