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Credit Sesame discusses unemployment in November 2022 and historically. On December 2, the Bureau of Labor Statistics announced that employment grew by 263,000 jobs in November. Fewer people without jobs can’t be bad, right? At 3.7%, unemployment is close to its fifty-year low. While job growth and low unemployment are positive developments, perhaps it is
Credit Sesame’s personal finance weekly news roundup December 3, 2022. Stories, news, politics and events impacting the personal finance sector during the last week. Consumer confidence slips again FBI issues warning on holiday scams Black Friday sales may have beat inflation but not expectations Expect a tougher time returning gifts this year U.S. economy better
Credit Sesame on the pros and cons of overdrafts and overdraft fees. Overdraft fees have come under a lot of fire over the past couple years. Politicians and financial regulators have taken aim at them for being too high and for penalizing poorer customers in particular. Are overdraft fees really as evil as they are
Credit Sesame with advice on setting a holiday budget this season. Debt isn’t your friend at any time of the year, and holiday shopping can make Christmas much less jolly. One in three Americans took on holiday debt in 2021, averaging $1,249 in debt that they likely carried into the new year. Creating a holiday
Credit Sesame discusses how to raise your credit score after bankruptcy. Bankruptcy is one of the most serious possible credit events. According to FICO, your credit score after bankruptcy drops between 130 and 240 points. The actual damage depends on how high your score was to begin with and how many missed payments, charge-offs and
App gift ideas brought to you by Credit Sesame. Apps as gifts this holiday season? Why not? Apps have a quite few advantages over more traditional gifts. Apps don’t need room and you don’t have to mail them. Even students in dorms, retirees in RVs and minimalists in tiny homes can enjoy a new app.
Credit Sesame discusses whether it is a good idea to apply for new credit now. New figures from the Federal Reserve bank of New York show that applications for credit cards have risen over the past year. Under the circumstances, you might think people are either gluttons for punishment or determined to live dangerously. Interest
Credit Sesame suggests a few good financial moves to make before the start of 2023. Most people start the new year with resolutions to lose weight, exercise more, finally learn how to play the piano, or even get a new job. But why wait until the new year to improve your finances? Start now, and
Credit Sesame’s personal finance weekly news roundup November 26, 2022. Stories, news, politics and events impacting the personal finance sector during the last week. Existing home sales continue nine-month slide. Holiday spending not expected to keep pace with inflation. Application rates reflect a growing appetite for credit cards. Student loan payments get another pause amid
