Tag: credit report

The Mystery of the Missing Credit Score Points
November 23, 2025 Off

The Mystery of the Missing Credit Score Points

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

Loan Rejection Got You Down? Here’s How to Get Approved.
March 6, 2025 Off

Loan Rejection Got You Down? Here’s How to Get Approved.

By The Admiral Staff

Loan rejection rates have risen to a high not seen since 2018, reaching nearly 22% in June 2023, particularly impacting those with credit scores below 680. Common reasons for denial include low credit scores, negative items on credit reports, high debt-to-income ratios, unstable income, too many recent credit applications, and insufficient income. To improve your chances, check your credit report for errors, reduce debt, build credit history, and consider

Surviving Spouses & Debt: What You Need to Know
January 10, 2025 Off

Surviving Spouses & Debt: What You Need to Know

By The Admiral Staff

Whether you’re responsible for your separated husband’s debt depends on your state’s laws (community property vs. common law), whether you’re legally separated, and if your name is on any accounts. Generally, in most states, you are not responsible for debt solely in his name. However, you are responsible for any joint debt where your name appears, like a mortgage or credit card. It’s recommended to check your credit report and take steps to remove yourself from any shared financial