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Why Credit Sesame is the free tool that everyone should be using.
Many people these days are trying to accomplish financial freedom. One of the most widely talked about ways is to pay cash for everything. If you don’t have the money for it don’t buy it! Not paying interest on any of your purchases helps you keep more of your hard earned money in your pocket and put towards savings. If this is the route you choose, and it works out fine for you, then great!
But what if you are just starting out and you haven’t saved up an emergency fund yet to use in case of a big emergency? Or what if you want to get a typical home loan rather than having to get one through manual underwriting because you have no credit.
This is where having a good credit score will come in handy. Of course, you have to be responsible with credit in order to acquire a good credit score. If you are someone who absolutely cannot control your spending, then this is not the option for you.
If you want to know how to navigate a credit score and know exactly what to do to get an excellent credit rating, then you should sign up with Credit Sesame. It is free to join and there are many benefits.
We will go into detail of each below.
Click here to sign up with Credit Sesame and get your free credit score!
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#1. Know what your credit score is
You have access to your credit score 24 hrs. a day from your dashboard. It is updated on a monthly basis. You may be wondering if this will lower your credit score because Credit Sesame will be checking your credit rating monthly. However, they do what is called a soft inquiry on your credit profile. This soft inquiry does not impact your actual credit score at all. Also, this will notify you immediately if someone has stolen your identity because you will be able to see if any unauthorized charges are being made.
#2. Free Identity Theft Protection
You get $50,000 worth of identity theft insurance for free. Also if ever your identity is stolen they have live support that will walk you through the steps you need to take to restore your credit.
#3. Easily Understand Credit Score
Credit Sesame will give you your own personalized credit score analysis for you to view from your dashboard at any time. This brakes down your score into the 5 categories that impact it. This makes it very easy for you to understand exactly what you need to do to increase your score. The 5 categories are listed below.
- Payment History (35% impact on your score)
- Credit Usage (30% impact on your score)
- Age of Credit History (15% impact on your score)
- Account Mix (10% impact on your score)
- Credit Inquiries (10% impact on your score)
#4. Gives Personalized Actionable Steps to Increase Credit Score
In your credit score analysis that we discussed in #3 above they will also give you the steps, you need to take to correct any negative factors that you may have on your credit report. They will give instructions on each of the 5 categories of how to correct or improve each one in detail.
#5. Know What Credit Cards and Loans You Qualify For
With Credit Sesame they will list out different credit cards and loans that you currently qualify for. Say you already have a home loan. They will be able to give you a list of other mortgage companies you qualify for that have lower interest rates. The same goes for credit cards.
With everything that they offer for free, I can’t think a reason why anyone would not want to join. I have been using Credit Sesame for years and have loved the convenience of seeing what my credit score is at a moment’s notice. Not to mention I also get to see when my score goes up or down with certain purchases and payments. It takes the guesswork out of understanding and knowing what your credit score is. On top of that, they give you free identity theft protection.
I just love when you find something new that makes life easier!
When was the last time you checked your credit score? Do you have another credit website that you like to use?
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