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September 13, 2025
By
The Admiral Staff
A recent report indicates only 22.7% of U.S. high school students receive financial literacy education, highlighting a need for parental guidance. As students approach graduation, whether heading to college or entering the workforce, financial independence is crucial. Experts recommend starting with the basics like banking, budgeting, and understanding credit scores, encouraging teens to establish their own bank accounts, and building credit through options like becoming an authorized user on a parent’s card or obtaining a student credit card. Hands-
September 12, 2025
By
The Admiral Staff
This article provides guidance on improving your credit score, emphasizing the importance of credit utilization. It outlines credit score ranges (from 300-850) and details the factors that influence your score: payment history (35%), credit utilization (30%), length of credit history (15%), new credit (10%), and credit mix (10%). The article stresses keeping your credit utilization ratio below 30% to boost your score, offering strategies to achieve this, such
June 2, 2025
By
The Admiral Staff
Homeowners association (HOA) payments could potentially impact your credit score, but only if the HOA reports them to credit bureaus (TransUnion and Equifax for on-time payments, Experian only for late/missed payments). This reporting practice began in 2016 and is facilitated by Sperlonga Data and Analytics, but HOA boards ultimately decide whether to report. To find out if your payments are being reported, check your credit reports or ask your HOA board.
March 6, 2025
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
February 25, 2025
By
The Admiral Staff
The article debunks the myth that carrying a credit card balance improves your credit score. While a balance appearing on your credit report is normal due to reporting timelines, consistently carrying a balance offers no benefit and incurs unnecessary interest. Maintaining a credit utilization ratio below 30% (ideally below 10%) is key, along with making on-time payments and keeping older credit card accounts open to demonstrate a long credit history. Fluctuations in your score are normal and shouldn’t be a major
