Credit

Credit Sesame on options for a mortgage with a 500 credit score. Your credit score is a significant factor when mortgage lenders underwrite your loan application. While very few mortgage programs exist for homebuyers with credit scores as low as 500, some options may be available to you: FHA home loans Non-prime loans Seller financing

Credit Sesame discusses how credit card pre-approval preparation may improve your odds of a successful credit card application. Have you received a marketing promotion via snail mail, email, or phone call for a credit card? Chances are this is a credit card pre-approval offer, which means you’ve been prescreened for a specific credit card that

Credit Sesame survey reveals the habits of people with great credit. Individuals with exceptional credit scores enjoy some important advantages. Typically, approval for credit is easier, they get lower interest rates from a wider selection of lenders and better rewards. A recent Credit Sesame survey identified five habits of people with top credit scores that

Credit Sesame highlights 20 reasons it’s a good idea to build your credit. Responsible credit behavior allows you to build your credit and achieve financial freedom. Here are 20 reasons why it’s important to build your credit: Better interest rates. With a higher credit score, you may qualify for better interest rates on loans and

Credit Sesame discusses why credit building is more important than ever as consumers navigate the economy, inflation and interest rates in 2023. In 2022, individuals faced new financial challenges as the global economy continued to recover from the pandemic. Inflation and interest rates rose, making credit building an even more crucial tool for achieving financial

Credit Sesame discusses whether a good credit score is key to peace of mind. The financial benefits of having a good credit score are well-established and include: Easier access to credit. Better credit card offers. Lower interest rates. Since employers and landlords often check the credit reports of applicants these days, your credit score can

Getting turned down for a loan can be awkward. You put yourself out there to ask for money, provide highly personal information, back it up with private documents. It stings when the lender declines your application. You might feel angry, disappointed or embarrassed, but it’s not the end of the world. It’s important to understand

Credit Sesame with suggestions on how to establish credit without credit cards. Life is expensive enough without a poor credit history. Without good credit, you may not get the apartment or job you want and borrowing money can be more expensive. One way to establish credit and a credit score is to open a traditional

Credit Sesame discusses why lenders are tightening credit standards for borrowing in the second quarter of 2023. The number of new credit accounts opened has reached its lowest level since the height of the pandemic shutdowns in the spring of 2020. According to the February 2023 VantageScore CreditGauge report, the fall-off in new credit activity

Credit Sesame investigates who is using buy now pay later (BNPL). BNPL is a form of consumer credit that has experienced rapid growth in recent years. This growth has raised questions about whether BNPL is a cost-effective payment method. The Consumer Financial Protection Bureau (CFPB) recently released a report that sheds some light on what