Debt

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

Credit Sesame discusses consumer spending resilience in 2022 and how it was financed by increased debt. Several recent economic reports indicate that consumer spending has remained surprisingly resilient. That may sound encouraging, but a closer look at debt trends shows another side to the story.  The Federal Reserve Bank of New York’s Household Debt and

Credit Sesame discusses the tendency of corporations to play follow the leader on Wall Street. The old saying “misery loves company” could be a business school course. Many public company executives have taken the lesson to heart. Walmart and Home Depot issued cautionary reports on earnings in late February. Earlier in the year, some big

Credit Sesame’s personal finance weekly news roundup February 18, 2023. Stories, news, politics and events impacting the personal finance sector during the last week. Consumer debt and delinquencies continue to rise IMF head warns of harm if US doesn’t raise debt ceiling Retail sales remained strong in January IRS releases guidance on inflation relief payments

Credit Sesame discusses the impact of inflation on consumer credit. When inflation strikes, prices for many of your regular purchases climb higher. Your dollars seem to cover less and less. The hard-earned money in your bank account leaves your hands faster than in the past. But what exactly does all of that mean for your