Home » Archives for The Admiral Staff » Page 10
November 29, 2025
By
The Admiral Staff
A recent study found that one in four American credit card holders have experienced a decrease in their credit limit or even card closure, reversing a six-year trend of increasing limits. Credit card companies are reducing available credit due to economic uncertainty. If your limit is reduced, it’s crucial to understand how this impacts your credit utilization (the amount of credit you’re using compared to your total limit), which significantly influences your credit score. Options for dealing with a reduced limit include contacting the issuer to inquire
November 28, 2025
By
The Admiral Staff
Skills learned in home economics class can positively impact your financial life. The article highlights five key skills: cooking (saving money on takeout and potential for a food business), sewing (repairing clothes and creating handmade items for sale), gardening (growing your own produce), childcare (babysitting or nannying), and budgeting (managing finances and saving money). Each skill offers opportunities to reduce expenses or generate extra income.
November 27, 2025
By
The Admiral Staff
To lower your car insurance costs, consider these strategies: directly ask your insurer about available discounts (like senior, good student, or safe driver), pay your policy in full for potential savings, regularly compare rates using services like Savvy, and take a defensive driving course to potentially remove points from your record and qualify for discounts.
November 24, 2025
By
The Admiral Staff
The article discusses credit repair services and whether they’re worth the cost. While tempting, many credit repair companies make unrealistic promises and can be scams. Individuals can often improve their credit score themselves by disputing errors and addressing issues like late payments or high credit utilization. If considering a credit repair service, it’s crucial to vet the company thoroughly, avoid those charging upfront fees, and understand that they can’t remove accurate negative information. The article also suggests exploring nonprofit credit counseling for free advice and
November 23, 2025
By
The Admiral Staff
A reader’s credit score dropped 38 points despite diligent budgeting and paying off their credit card in full each month. The author suggests the likely culprit is an inactive store credit card that may have been closed due to inactivity, which negatively impacts credit utilization and account age. They advise obtaining free weekly credit reports from AnnualCreditReport.com to investigate and check for inaccuracies, errors, or potential identity theft. The author emphasizes that a credit score is a snapshot and maintaining good financial habits like paying balances
