Debt

Credit Sesame survey reveals characteristics of credit vs debit users. When you open your wallet to pay for something, what do you reach for? A recent Credit Sesame survey asked over 1,500 American adults what method of payment they are most likely to use for day-to-day expenses. Based on their responses, Credit Sesame looked at

Credit Sesame discusses how tax debt may impact your finances and credit score. Not paying bills on time and owing money to creditors usually lowers credit scores. If you fail to pay your income taxes on time your credit score is not affected. At least not directly. The Internal Revenue Service does not report tax

Credit Sesame on what to consider and when to take out a personal loan. When you need extra money, there are several options you can consider, including using a credit card, tapping into home equity or a personal loan. Often people use a personal loan as a way to access cash quickly, often without putting

Credit Sesame looks at how failing banks complicate the Fed’s decision on how much to raise interest rates. On March 22, the Federal Open Market Committee (FOMC) announced that it was raising the Fed funds rate by 0.25%. This small increase says a lot about the conflicting issues the Fed is juggling. In the twelve

Credit Sesame discusses options if you cannot pay your taxes due for 2022. Famously, the U.S. Treasury Department developed tax evasion charges against Al Capone after the federal government could not build a criminal case against him for murder and other crimes.  Capone was convicted of tax evasion in 1931. He served seven and a

Credit Sesame has a few ideas on what you could do if you get a tax refund in 2023. As of February 10, the Internal Revenue Service reported the average 2023 tax refund is $1,997. This is lower than the average refund of $2,323 in 2022. People who get their refunds through direct deposit get

Credit Sesame uses Everything You Think is Wrong Day to bust some personal finance myths. Annually, March 15 is Everything You Think is Wrong Day. Who knew? This day is not intended to suggest that we are wrong about everything we think we know. But it invites us to revisit some of our assumptions because

Credit Sesame with questions and answers for International Ask a Question Day, March 14, 2024. Everyone’s done it at school. Most of us still do it. We fail to ask a question because we fear appearing dumb. But, of course, it’s the smart people who ask questions. International Ask a Question Day is a prompt

Credit Sesame’s personal finance weekly news roundup March 11, 2023. Stories, news, politics and events impacting the personal finance sector during the last week. Job growth posts another strong month Buy-now-pay-later customers more likely to be overextended Crypto-friendly bank forced to close Tesla’s price cutting signals a change in economic dynamic Fed Chair signals rates

Credit Sesame marks Panic Day 2023 with tips on handling financial stress. Panic Day, Thursday, March 9, 2023, is upon us. Far from an official or nationally recognized holiday, this date on the calendar is one of the copyrighted Wellcat Holidays invented by Thomas and Ruth Roy. It’s meant to be a day when we