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March 13, 2024
By
The Admiral Staff
Debt consolidation involves taking out a loan to pay off existing debts, most commonly credit card debt. It can simplify repayment and potentially lower interest rates and monthly payments, but it’s crucial to avoid mistakes that could hurt your credit score or cost more in the long run. Key considerations include comparing loan options (interest rates, fees, repayment terms), avoiding account closures after payoff, consistently making payments, and potentially refinancing for better terms in the future. While it can improve credit utilization and demonstrate creditworthiness,
March 9, 2024
By
The Admiral Staff
Charge cards are similar to credit cards but differ significantly in how they function. Unlike credit cards, charge cards don’t have a preset spending limit and require the full balance to be paid off each month, avoiding interest charges. They are less common, often targeted towards businesses or high-income individuals, and don’t factor into credit utilization calculations, potentially benefiting credit scores. While both offer rewards programs, charge cards may have limited options, and alternatives like credit cards or debit cards provide different benefits depending
March 8, 2024
By
The Admiral Staff
The article highlights common instances of “financial mansplaining” – unsolicited and often incorrect financial advice given to women. It debunks five such pieces of advice, offering alternative, financially savvy approaches instead. These include questioning the wisdom of holding credit card balances to build credit, emphasizing the importance of negotiating prices, rejecting the idea that men get better deals, cautioning against relying on a single stock like Tesla, and promoting diversified investing. The article recommends tools and services like MoneyLion, Capital One Shopping,
March 6, 2024
By
The Admiral Staff
Many Americans are unaware of their credit utilization, available credit, and how their actions impact their credit scores. A recent survey found only 9% are aware they have multiple credit scores. The article explores this issue by interviewing people and using the Credit Sesame app to demonstrate how to find credit scores and personalized steps for improvement.
February 28, 2024
By
The Admiral Staff
The article uses the metaphor of “ghosts” representing past, present, and future financial decisions to encourage readers to take control of their finances. It offers seven strategies to “banish” these money ghosts: 1) use AmOne to consolidate credit card debt with a low-interest loan; 2) improve your credit score with Credit Sesame; 3) compare car insurance rates with EverQuote to potentially save money; 4) earn gift cards by scanning grocery receipts with Fetch Rewards;
