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February 25, 2025
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The Admiral Staff
The article debunks the myth that carrying a credit card balance improves your credit score. While a balance appearing on your credit report is normal due to reporting timelines, consistently carrying a balance offers no benefit and incurs unnecessary interest. Maintaining a credit utilization ratio below 30% (ideally below 10%) is key, along with making on-time payments and keeping older credit card accounts open to demonstrate a long credit history. Fluctuations in your score are normal and shouldn’t be a major
February 24, 2025
By
The Admiral Staff
Your credit utilization ratio, the amount of credit you’re using compared to your total available credit, significantly impacts your credit score. Experts recommend keeping this ratio below 30%, ideally closer to zero, as it signals responsible borrowing to lenders. You can improve your ratio by decreasing spending, paying balances early, requesting a credit limit increase, opening another credit card (though this can trigger a credit inquiry), and regularly monitoring your utilization.
February 22, 2025
By
The Admiral Staff
If you have a Health Savings Account (HSA) and are facing medical debt, you may be able to use it to pay down those bills. You can use HSA funds to pay for medical expenses incurred *after* you established the account. Even older debt can potentially be paid off by contacting your HSA provider, providing receipts, and getting approval for reimbursement. If you previously had an HSA, you can still use those savings for current or past medical expenses, and the account remains accessible indefinitely, with
February 21, 2025
By
The Admiral Staff
The article discusses the stressful traditional process of selling a home and introduces Opendoor as an alternative. Opendoor is an e-commerce platform that buys homes directly from sellers, offering a streamlined, faster, and potentially less stressful experience. The process involves requesting a preliminary offer online, finalizing it with videos and an exterior viewing, and then accepting or declining the final offer. If accepted, sellers can choose a closing date and receive a cash payment. While traditional methods *might* yield a higher sale
February 20, 2025
By
The Admiral Staff
The article suggests giving cash as a gift, arguing it’s practical and avoids sizing or taste issues. It provides ways to earn quick cash through online surveys, tasks, and app testing (like InboxDollars, FreeCash, and Kashkick). The piece then offers 19 creative ideas for presenting cash gifts, including boxing it up, origami, photo books, money cakes, and even a scavenger hunt, offering alternatives to traditional gifts.
