Credit Sesame Review
These days, your credit score is the most important 3 digit number you’ll come across in your lifetime. With a good credit score, you’ll be able to qualify for a mortgage, great credit card, and better auto loans. In some cases, a good credit score can even help you land the job of your dreams. However, with poor credit scores, all of that may seem to be out of reach. That being said, every single consumer has a need to know what their credit score is, and what they can do to make it better. That’s what Credit Sesame is all about.
What Is Credit Sesame?
Credit Sesame is an online app that allows you to monitor your credit report and score for free. When they say free, they absolutely mean it. There is no 2 week free trial with a membership fee at the end, and there’s no need to enter your payment information; the app is completely, 100% free! It was designed in 2010 as a way for consumers to truly have a free way to monitor their credit reports and everything within them. The system allows you to track loans, payments, credit cards and more.
Read More >>> What is a credit score?
What Tools Are Provided Through the App?
Credit Score Monitoring Tool – Credit Sesame allows you to monitor your credit score on a regular basis. However, it’s important to remember that there is a difference between your credit score and your F.I.C.O. score. The credit score shown by Credit Sesame is also calculated by them using factors that they believe correlate with good or bad F.I.C.O. scores. That being said, as your credit score with Credit Sesame moves up and down, you should expect the same from your F.I.C.O. score. Therefore, the credit score monitoring tool definitely comes in handy.
Personalized Debt And Loan Advice – Let’s face it, most people aren’t necessarily debt and loan experts. We like to think we know what to look for in loans, and how to deal with our debts. However, expert advice tends to be more helpful. Credit Sesame provides personalized debt and loan advice based on the information they learn about you as you use their system to track your credit scores. Their advice will teach you how to avoid paying high interest rates on both outstanding and new loans.
Complete Debt Analysis – Advice is great, however a much more powerful tool helps the user understand why that advice is being given. Credit Sesame does just that by providing it’s users with a complete debt analysis. The analysis will show how much is owed in total, average interest rates, how long it might take to pay off the debts and more.
If it’s So Great, Why Is It Free?
The reality is, the world no longer revolves around the sun, it revolves around money. We’ve been taught throughout life that if we want something, we’re going to need to pay for it. That old quote “Nothing in life is free” always seems to show its ugly head. The truth is, just because Credit Sesame is free for users like you and I, they make plenty of money. However, instead of taking that money out of our pockets, they make money from advertisers. Here’s how it works…
Based on your credit portfolio and steps you’re taking to improve it, Credit Sesame will advise you to take advantage one offer or another. Although that offer is going to do great things for you, the company that provides it ultimately will make money off of you as a customer. In turn, that company, may it be a lender, credit repair specialist, debt settlement company, etc… will pay Credit Sesame for making the connection between you and them. So, they’ve found a way to be paid by providing consumers with free, quality advice.
My Overall Thoughts of Credit Sesame
Overall, this company is great! The reality is, they saw a need and found a solution to the problem. By providing the services they do, they’ve given countless people a way to finally understand what their credit scores mean and how to improve them. If you’re wondering whether or not you should sign up for the app, the answer is “yes you should”. What do you have to lose? It’s free!
How to start using Credit Sesame:
- Open an account on Credit Sesame and link to your Phroogal.com dashboard.
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The post Control Credit: A Review of Credit Sesame appeared first on The Smile Lifestyle - Phroogal.