Tag: credit repair

Credit Score SOS: Fix It Yourself (and Make Extra Cash While You’re At It)
November 24, 2025 Off

Credit Score SOS: Fix It Yourself (and Make Extra Cash While You’re At It)

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

Reclaiming Your Credit: A Step-by-Step Guide After Collections
August 12, 2025 Off

Reclaiming Your Credit: A Step-by-Step Guide After Collections

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

Breaking the 700 Barrier: Simple Steps to Boost Your Credit Score
November 6, 2024 Off

Breaking the 700 Barrier: Simple Steps to Boost Your Credit Score

By The Admiral Staff

This article suggests four actionable steps to boost a credit score above 700, all achievable within a week. First, write a “goodwill letter” to creditors explaining past mistakes and demonstrating a commitment to improvement. Second, utilize the free website Credit Sesame to identify specific areas for improvement based on your unique credit profile. Third, explore MoneyLion to potentially lower credit card interest rates by up to 70%, accelerating debt payoff. Finally, switch to a debit card from Chime to avoid

Unmask Your Credit Score: Are You Paying for Someone Else’s Errors?
April 7, 2024 Off

Unmask Your Credit Score: Are You Paying for Someone Else’s Errors?

By The Admiral Staff

Millions of people are overpaying for loans and credit due to inaccuracies in their credit reports. Lexington Law offers a service where experienced attorneys and paralegals analyze credit reports, identify errors, and dispute them on your behalf. They offer a free credit assessment and a monthly fee-based plan, having removed over 83 million questionable items since 2004, potentially saving clients thousands of dollars.

Renting with Bad Credit: A Landlord’s Guide to Getting Approved
March 27, 2024 Off

Renting with Bad Credit: A Landlord’s Guide to Getting Approved

By The Admiral Staff

Renting with a low credit score (below 600) can be challenging, as many landlords require a score of 600 or higher. The article provides several strategies for securing an apartment despite bad credit, including finding a guarantor or co-signer, addressing errors on your credit report, presenting letters of recommendation, being prepared to pay extra upfront (like a larger security deposit), and expanding your search area. Other options include finding a roommate or seeking out apartments that don’t check