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October 18, 2024
By
The Admiral Staff
The article argues that schools fail to teach essential personal finance skills, leaving many adults unprepared to manage their money effectively. It then outlines six actionable steps readers can take to potentially save or earn money: investing in companies with micro-investing apps, comparing car insurance rates, earning money playing games like Solitaire and Bingo, getting paid for sharing opinions through surveys, and consolidating credit card debt with lower-interest loans. The author suggests these strategies could lead to a significant positive impact on one’s financial
October 16, 2024
By
The Admiral Staff
A reader with credit scores in the 500s is struggling to get debt consolidation loans. The advice is that while consolidation can simplify finances, securing a loan with a low credit score often means high interest rates, negating the benefits. Alternatives include credit unions, online lenders (though 600+ scores are often required), and seeking help from a nonprofit credit counselor accredited by the National Foundation for Credit Counseling. The article emphasizes that improving credit requires disciplined spending and avoiding debt settlement companies,
October 3, 2024
By
The Admiral Staff
Store credit cards offering “deferred interest” can be deceptively risky. While appearing to provide interest-free payment plans, failing to make minimum payments or fully pay off the balance by the promotional period’s end triggers high interest charges (potentially up to 27% APR) on the entire purchase. Millions of financially struggling Americans are particularly vulnerable to this trap. If already burdened by deferred interest charges, consolidating debt with a low-interest personal loan, potentially through a service like AmOne, can
September 28, 2024
By
The Admiral Staff
Feeling financially strained after stimulus checks ran out? The article suggests seven ways to save money: consolidate credit card debt with a low-interest loan through AmOne, reassess homeowner’s insurance with Lemonade, switch to a cheaper cell phone plan with Twigby, earn cash by watching videos and taking surveys with InboxDollars, get free stock by joining Robinhood, cancel or compare car insurance through SmartFinancial, and stop wasting money on homeowner’s insurance.
July 10, 2024
By
The Admiral Staff
This article explores debt consolidation as a strategy for managing and paying off debt. It explains that debt consolidation combines multiple debts into a single, more manageable monthly payment, potentially at a lower interest rate. The article outlines three main types of debt consolidation programs: debt management plans (through credit counseling), debt consolidation loans (from banks or credit unions), and debt settlement plans. It also details various loan options, including credit card balance transfers and home equity loans, and highlights both the benefits (lower interest rates,
