Home » credit scores » Page 5
February 22, 2024
By
The Admiral Staff
This article explains the differences between secured and unsecured loans, offering a guide to choosing the right type for your financial needs. **Secured loans** require collateral (like a car or home), often resulting in lower interest rates and easier approval, especially with lower credit scores, but carry the risk of losing the asset if you default. **Unsecured loans** don’t require collateral, have higher interest rates due to increased risk for the lender, and typically involve a faster approval process but require a good
February 3, 2024
By
The Admiral Staff
The article highlights Upstart, an online lending platform that utilizes artificial intelligence to approve more loan applicants and offer lower interest rates compared to traditional lenders. Unlike conventional models that heavily rely on credit scores, Upstart’s machine learning technology considers a wider range of factors to assess creditworthiness, potentially benefiting those with bad or no credit. This results in 26% more loan approvals and an average of 10% lower interest rates (between 3.99% and 35.
January 10, 2024
By
The Admiral Staff
According to a recent survey, popular financial resolutions for 2023 include creating a realistic budget (ideally using the 50/30/20 method), tackling credit card debt by exploring options like MoneyLion to potentially lower interest rates, monitoring your credit report with services like Credit Sesame, securing life insurance (potentially providing up to $1.5 million for your family with Bestow), increasing your emergency fund, and paying bills immediately after payday.
December 27, 2023
By
The Admiral Staff
Despite economic challenges, millennials are now the largest group of homeowners in the U.S. A key factor for many is a good credit score, which is essential for mortgage approval and securing favorable interest rates. The article recommends using Credit Sesame, a free service, to check credit scores, identify errors, and receive personalized tips for improvement, ultimately making homeownership more attainable.
November 28, 2023
By
The Admiral Staff
The article highlights how improving your credit score can unlock financial goals like buying a home or car. It features Lorenzo Frias, who raised his score by nearly 170 points using the free website Credit Sesame. Credit Sesame provides personalized tips and tools to identify credit report errors and improve scores, recommending actions like credit-builder loans, secured credit cards, and disputing negative claims. Frias’s improved credit allowed him to secure an apartment lease and pre-approval for a mortgage, demonstrating the
