Tag: credit score

The Squeeze: How to Afford City Living in a Rising Market
December 29, 2025 0

The Squeeze: How to Afford City Living in a Rising Market

By The Admiral Staff

Across the United States, rising rents and home prices are pricing people out of their cities. To combat this, the article suggests six strategies for aspiring homeowners: boost your credit score, earn rewards on everyday purchases through apps like Fetch Rewards, avoid overpaying online by using price comparison tools, shop around for cheaper car insurance using EverQuote, consolidate credit card debt with a low-interest loan through AmOne, and ultimately, be strategic about saving for a down payment.

Credit Limit Cut? Here’s How to Fight Back
November 29, 2025 Off

Credit Limit Cut? Here’s How to Fight Back

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

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

The Elite Credit Code: Unlocking the Secrets to an 800 Score
October 29, 2025 Off

The Elite Credit Code: Unlocking the Secrets to an 800 Score

By The Admiral Staff

Achieving an 800 credit score, held by just 22% of consumers, unlocks the best lending terms and significant savings. Those with near-perfect credit share nine key habits: consistently paying bills on time, establishing a payment schedule (often frequent payments), keeping credit utilization low (ideally below 10%), avoiding cancellation of old credit cards, using cards regularly, applying for new credit selectively, requesting credit limit increases, utilizing credit freezes to prevent fraud, and avoiding obsessive score

The Hidden Costs of an Unused Credit Card
August 20, 2025 Off

The Hidden Costs of an Unused Credit Card

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