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Jamela Adam

Jamela Adam

Banking & Credit Expert

Jamela Adam is a Financial Copywriter for Bestmoney.com, specializing in content for fintechs, finance SaaS companies, and wealth management brands. She earned her BBA from the University of Southern California and is a Certified Financial Education Instructor. With over 4 years of experience writing for Forbes, Investopedia, Yahoo Finance, and U.S. News, Adam's is a trusted source for all things banking and finance.

Posts by Jamela Adam

How Much Does Renters Insurance Cost?

Renters insurance costs around $14 a month on average, though your rate varies based on location, coverage limits, deductible, and credit history. Bundling policies, improving home safety, and staying claims-free are some of the easiest ways to lower your premium.
Read MoreJun 8, 2026
A renter finding out the cost of renters insurance.

How to Get Renters Insurance: A Complete Guide

Renters insurance costs around $14 a month and can save you thousands if your belongings are damaged or stolen. Follow these six steps to choose the right coverage, compare quotes, and get proof of insurance to your landlord fast.
Read MoreJun 8, 2026
A woman finding out how to get renters insurance.

Cash Back, Points, or Both? Unlocking the True Value of Your Freedom Unlimited®

Hero stat: While the industry standard for flat-rate cards is 1.5%, the Freedom Unlimited® doubles as a travel powerhouse—potentially increasing point value by 25% to 50% when paired with a premium Chase card.
Read MoreJun 8, 2026
Cash Back, Points, or Both? Unlocking the True Value of Your Freedom Unlimited®

The One-Card Wallet: Why We Think Chase Freedom Unlimited® is the Ultimate Everyday Card

Hero stat: The Chase Freedom Unlimited®, offers a 1.5% rewards floor—which is 50% higher than the industry-standard 1%—ensuring you earn more on every "miscellaneous" dollar without micromanaging your wallet.
Read MoreJun 8, 2026
The One-Card Wallet: Why We Think Chase Freedom Unlimited® is the Ultimate Everyday Card

Effortless Budgeting: How to Track Your Spending and Get Paid for It

Most adults benefit from using just one credit card to build credit and track spending. By consolidating expenses, you can earn a minimum of 1.5% back on every dollar while creating a complete, automated map of your finances.
Read MoreJun 8, 2026
Effortless Budgeting: How to Track Your Spending and Get Paid for It

Can You Pay Off a Debt Consolidation Loan Early? What to Know About Prepayment Penalties

Paying off a debt consolidation loan early can reduce your total interest, but only makes sense if your lender doesn't charge steep prepayment penalties. Before making extra payments, weigh the savings against other financial priorities like emergency savings and retirement contributions.
Read MoreMay 28, 2026
A woman learning about prepayment penalties of paying debt consolidation loans early.

Should Couples Get Joint Debt Consolidation Loans? Pros, Cons, and How They Work

A joint debt consolidation loan lets couples combine multiple debts into one payment, but ties both partners' credit and finances together. Before applying, ensure you're aligned on repayment expectations, fully transparent about your finances, and prepared for worst-case scenarios.
Read MoreMay 28, 2026
A couple deciding if they should get a joint debt consolidation loan.

Business Credit Card or Business Loan: How to Know Which One Your Business Actually Needs

Business credit cards work best for short-term, recurring expenses, while business loans are better suited for large, one-time investments with predictable repayment. Choosing the wrong option can cost you significantly, so matching your financing tool to your actual need is what matters most.
Read MoreMay 12, 2026
A business owner deciding between a business credit card or business loan.

What Happens If You Default on a Debt Consolidation Loan?

Defaulting on a debt consolidation loan can seriously damage your credit score, trigger late fees, and put your assets at risk if the loan is secured. If you're struggling to keep up, contact your lender early, as deferment, restructuring, or credit counseling may help you avoid the worst outcomes.
Read MoreApr 30, 2026
A man stressing about defaulting on his debt consolidation loan.

Credit Union, Bank, or Online Lender? The Smartest Way to Consolidate Debt

Credit unions offer the lowest rates, banks offer convenience and larger loan amounts, and online lenders fund the fastest. Compare prequalified offers from more than one lender before deciding.
Read MoreApr 30, 2026
A couple deciding on the right debt consolidation method for their financial situation.
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