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November 6, 2024
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
September 23, 2024
By
The Admiral Staff
The article encourages readers to start saving for retirement today, regardless of how far behind they feel. It outlines six strategies to boost savings, even with limited funds: investing in companies through apps like Stash (starting with as little as $1), investing in real estate via Fundrise (with a $10 minimum), reducing expenses by comparing car insurance quotes on EverQuote, paying off credit card debt with a loan from AmOne, improving credit scores using Credit Sesame, and taking advantage of employer
August 27, 2024
By
The Admiral Staff
Americans owe an estimated $220 billion in medical debt, which can damage credit scores and financial stability. Unpaid medical bills can lead to collections agencies, lawsuits, and wage garnishment. While immediate credit score impacts are delayed, collection agencies can negatively affect scores. Recent changes offer protections, including excluding debts under $500 and paid medical debts from credit reports, and the No Surprises Act shields patients from unexpected out-of-network bills. Consumers can negotiate bills, seek financial assistance
April 10, 2024
By
The Admiral Staff
The article compares two common strategies for dealing with overwhelming debt: debt consolidation and debt settlement. **Debt settlement** involves negotiating with creditors to reduce the amount owed, potentially leading to forgiven debt but negatively impacting your credit score and potentially triggering tax implications. **Debt consolidation** combines multiple debts into a single loan, often with a lower interest rate, simplifying payments and minimizing credit score damage, but requiring repayment of the full amount. The best option depends on your financial situation, with debt settlement potentially suitable for those
February 14, 2024
By
The Admiral Staff
Amidst economic uncertainty, the article suggests proactive steps to improve financial security. These include: comparing car insurance rates to potentially save up to $715 annually; investing in real estate with as little as $10 through platforms like Fundrise; securing family’s financial future with a term life insurance policy (potentially providing up to $1.5 million); boosting credit scores using free services like Credit Sesame; and earning up to $225 monthly by watching movie previews and taking surveys with
