Howard Dvorkin is a CPA, author, national columnist, and founder of the nation's fourth largest credit counseling institute. He controversially advocated lifestyle cash only without credit cards.
Dvorkin founded Consolidated Credit in 1993 in Fort Lauderdale, Florida. It earned an A-plus rating from the Better Business Bureau and eventually evolved into one of the largest counseling and consolidation companies, behind Money Management International, CredAbility, and GreenPath.
Dvorkin has written two books: Credit Hell (Wiley, 2005) and Power Up (Wiley, 2013). He is a regular personal financial contributor to Fox Business and has been cited as a financial expert by The New York Times, NBC News, CNN, and Bankrate, among other national media.
After witnessing his company's clients struggling with credit card debt, Dvorkin concluded, "Learning to live without credit cards is an integral part of financial empowerment.... It's about cash and discipline... Those who do not use credit cards take a lot more seriously than card users credits. "The physical hand of the dollars and cents to the cashier or waitress creates a feeling of loss."
This opinion is in stark contrast to US consumers' love of credit cards, and their increasing debt. In 2012, the consumer has an average of 3.7 cards and an unpaid balance of more than $ 5,600. Meanwhile, credit card debt reached nearly $ 800 billion.
Surprised by these figures and the lack of US consumer finance education, Dvorkin announced in 2013 that he stepped down as a Consolidated Credit spokesperson to launch Debt.com, an educational and news website that includes consumer debt in order to "build the Angie List or Better Business Bureau only focuses on debt, debt relief products, for all types of debt relief. "
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Source of the article : Wikipedia
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