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September 9, 2025
By
The Admiral Staff
When a relationship ends, a joint bank account can become a burden. Experts recommend discussing next steps together, potentially using a mediator or CDFA for financial advice. Contacting your bank to limit transfers is an option, but laws vary by location. It’s advisable to open a new, separate account at a different bank and gradually move funds, ideally taking only half initially. Dividing shared bills and protecting your credit by monitoring accounts are also crucial steps to ensure a fair and financially sound separation.
August 24, 2025
By
The Admiral Staff
When you die, your debts typically don’t disappear. Generally, debts must be paid off by your estate using your assets like cash, homes, or cars, before any inheritance is distributed. Creditors will notify your estate executor and may pursue legal claims in probate court, sometimes agreeing to settlements for less than the full amount owed.
Here’s a breakdown for different debt types:
* **Co-signed Loans/Credit Cards:** The co-signer is responsible for paying.
August 21, 2025
By
The Admiral Staff
The Aven Visa® Credit Card is a new type of credit card that combines the benefits of a rewards card with a home equity line of credit (HELOC). It offers significantly lower interest rates (7.99% to 15.49% variable APR) compared to traditional credit cards, along with 2% unlimited cashback and travel rewards. Unlike traditional HELOCs, the application process is quick—taking as little as 15 minutes online—and avoids costly fees.
August 20, 2025
By
The Admiral Staff
An unused credit card can negatively impact your finances in several ways. It can affect your credit score by impacting payment history, credit utilization, and length of credit history. Credit card companies may also reduce your credit limit or close the account altogether due to inactivity. Finally, not monitoring your card regularly increases the risk of becoming a fraud victim without realizing it. To mitigate these risks, the article suggests making small, manageable monthly payments with subscriptions, regularly checking your credit card statements and apps, and being aware of
August 12, 2025
By
The Admiral Staff
A reader with $25,000 in debt, including medical bills, collection accounts, and a repossessed car, seeks advice on improving their credit score. The expert advises that paying off collection debts won’t negatively impact credit scores under current scoring models (FICO and VantageScore) and may even improve them. If updates aren’t reflected in credit reports, disputing the information with credit bureaus is recommended. Additionally, sending a “goodwill letter” to collectors requesting deletion is
