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Jamela Adam

articles from Jamela

98 posts

How To Get a Mortgage When Self-Employed

Published 05/23/2023 by Jamela Adam

Qualifying for a mortgage when you’re self-employed may require a few additional steps, but it’s possible. Most lenders will want to see at least two years of financial documents to verify your income, and thus your ability to repay the loan. If you satisfy all lender requirements and successfully prove your creditworthiness and financial stability, buying your dream abode is 100% achievable, even when you work for yourself.

Can I Buy a Gift Card With a Credit Card?

Published 05/19/2023 by Jamela Adam

In most circumstances, you can buy a gift card with a credit card. Not only is purchasing gift cards with credit cards convenient, but it could also allow you to earn credit card rewards or cash back on your spending. Just be sure to keep a close eye on your spending and pay off your credit card each month to avoid hefty interest charges and a damaged credit score.

Chase’s 5/24 Rule: What You Need To Know

Published 05/17/2023 by Jamela Adam

The 5/24 rule is a guideline that JPMorgan Chase uses when deciding whether or not to approve you for a credit card. Simply put, it stipulates that Chase may deny your application if you’ve opened more than five credit cards with any issuer in the past 24 months. While Chase has never officially or publicly announced this 5/24 policy, it’s still a well-established rule that you should be aware of before applying for a Chase credit card.

How To Raise Your Credit Score Without a Credit Card

Published 05/17/2023 by Jamela Adam

There are other ways to raise your credit score if you can’t get your hands on a credit card. For example, you could become an authorized user on someone else’s credit card or take out a small personal loan to establish a credit history. It’s important to note that these methods will all take time since building your credit is not an overnight process. However, if you take consistent action and stay patient, you’ll eventually see positive results.

Why Did My Credit Limit Increase Automatically?

Published 05/15/2023 by Jamela Adam

Your credit card issuer may increase your credit limit automatically to reward your good financial habits if they deem you a responsible borrower. Automatic credit limit increases only trigger soft inquiries that won’t damage your credit score. Plus, with a higher limit, you could potentially lower your credit utilization ratio and boost your credit score. However, it’s still important to keep a close eye on your credit usage, as more spending power may tempt you to take on unnecessary debt.

Can I Return a Car I Just Bought and How?

Published 05/15/2023 by Jamela Adam

Unfortunately, returning a vehicle you just bought may not be as simple as returning a dress to the clothing store. Car dealerships are not legally obligated to accept returns and issue refunds once you sign on the dotted line of the sales contract. But that doesn’t mean you’re stuck with the car forever. Consider alternatives such as selling your car and buying a different model. If unaffordable monthly payments are the problem, refinancing your loan is also a viable option.

Is Spirit Airlines Safe To Fly In 2024?

Published 05/11/2023 by Jamela Adam

While Spirit Airlines is known for offering incredibly cheap flights, many people have come to associate the low-cost carrier with poor-quality service and safety concerns. However, contrary to popular belief, flying Spirit Airlines is actually quite safe. In fact, it’s one of the top 25 safest airlines in the United States. So, if you’re looking for a cost-effective way to travel to your next destination, give Spirit Airlines a chance.

What Is The Best Time To Apply For Credit Cards?

Published 05/01/2023 by Jamela Adam

There’s no one-size-fits-all answer to the best time to apply for a credit card since it depends on your financial situation. If you’re in good financial standing and have a plan for your credit card, applying for one could be a great way to consolidate high-interest debt or rebuild your credit score. On the other hand, if you’re struggling to repay your current creditors or already applied for numerous credit cards recently, opening a new line of credit may not be the best financial move.

How Much To Tip Valet: Parking, Restaurant & Hotel

Published 04/26/2023 by Jamela Adam

How much you should tip valets depends on the location and the quality of the valet experience. Generally, the standard tip for valet service is anywhere from $2 to $5. And while leaving a tip for the valet staff is not mandatory, it’s a nice gesture to show your gratitude and appreciation — especially if they’ve provided excellent customer service.

How To Remove a Charge-Off Without Paying

Published 04/25/2023 by Jamela Adam

Charge-offs are unpaid debts that collectors have written off as uncollectable. Because of this, they’re one of the most damaging negative items on your credit report. However, it’s not all doom and gloom if you receive a charge-off. If the negative information is inaccurate, you could file a dispute with the credit bureaus to get it removed without paying. And even if the charge-off is valid, you may still be able to wipe it off your credit report by negotiating with your creditor or debt collector.

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