News roundup May 11, 2024
Credit Sesame’s personal finance news roundup May 11, 2024. Stories, news, politics and events impacting personal finance during the past week. Consumers gloomy about housing affordability The Federal Reserve Bank of New York’s 2024 Survey of Consumer Expectations Housing Survey found that consumers expect housing to continue to get more expensive in the year ahead. […]
Tips for understanding your credit score
Credit Sesame’s tips for understanding your credit score and credit report. Understanding your credit scores is beneficial for your financial health. They’re so important that an entire industry exists just to monitor and report your credit score. So, what does that three-digit number really mean? In a nutshell, it tells lenders how responsible you are […]
The Fed is not ready to cut interest rates
Credit Sesame discusses the recent meeting of the Federal Open Market Committee and the decision not to cut interest rates. The Federal Reserve concluded the May 2024 meeting of its Federal Open Market Committee (FOMC) by announcing that it was not ready to start cutting interest rates. The further delay in the Fed’s plans to […]
News roundup May 4, 2024
Credit Sesame’s personal finance news roundup May 4, 2024. Stories, news, politics and events impacting personal finance during the past week. Strong growth in compensation costs could prolong inflation Total compensation costs for US employees, including wages and benefits, grew by 1.2% during the first quarter of 2024 after seasonal adjustment. That’s faster than the […]
5 easy ways to make yourself save money
Regardless of how much money you earn, and regardless of your personal monthly budget, there are several ways to ensure that everyone can afford to save on a regular basis.
Is an economic soft landing back on track?
Credit Sesame discusses the possibility of an economic soft landing for the United States. A soft landing is often discussed as the ideal solution to the economy’s problems. It has the potential to cool inflation without plunging the economy into a serious recession. However, it is a tough trick to pull off. For much of […]
News roundup April 27, 2024
Credit Sesame’s personal finance news roundup April 27, 2024. Stories, news, politics, and events impacting personal finance during the past week. Economic growth slowed in early 2024 The US economy grew at an annual rate of 1.6% in the first quarter of 2024 after adjustment for inflation. This advance estimate of GDP represents a significant […]
What happens when you dispute something on your credit reports?
Have an error on your credit report? Not 100% sure what happens when you file a dispute with the credit reporting agencies? Credit expert, John Ulzheimer breaks it down for us –step by step.
The consequences of reduced consumer spending in 2024
Credit Sesame discusses reduced consumer spending and the possible impact on inflation and the economy. After a brief lull during the pandemic, Americans made up for lost time. The past couple of years have seen consumers ignore high inflation, rising interest rates, and predictions of a recession with increased spending. This has helped the economy […]
News roundup April 20, 2024
Credit Sesame’s personal finance news roundup April 20, 2024. Stories, news, politics and events impacting personal finance during the past week. Consumer debt payments show rare improvement Late payment rates on consumer debts declined in March. This is contrary to the longer-term trend. Late payment rates for auto loans, credit cards, mortgages and personal loans […]
Credit score and financial fitness are two sides of the same coin
Credit Sesame explains the synergy between credit score and financial fitness for financial well-being. Credit score: A snapshot of credit management You can think of your credit score as a snapshot summarizing your borrowing habits, aka credit management. It’s 3-digit a number (typically ranging from 300 to 850) that lenders use to assess your creditworthiness […]
Is the Fed’s 2 percent inflation goal realistic?
Credit Sesame discusses the Fed’s 2 percent inflation goal and whether we can learn anything from history. The latest inflation announcement set off a chain reaction. Consumer prices rose more quickly than expected in March, and the resurgence of inflation may cause the Federal Reserve to rethink its approach to interest rates. The prospect of […]
News roundup April 13, 2024
Credit Sesame’s personal finance news roundup April 13, 2024. Stories, news, politics and events impacting personal finance during the past week. Consumer survey shows gathering gloom The latest Survey of Consumer Expectations from the Federal Reserve Bank of New York showed growing pessimism about certain aspects of the economy. The perceived chance of losing one’s […]
Mortgage rejections in 2024 and what to do about them
Credit Sesame discusses common reasons for mortgage rejections in 2024 and steps that may help your mortgage application. Mortgage rejections can be perplexing, especially when the reasons are not clear. However, certain factors consistently lead to these rejections. There are several primary reasons for mortgage denial in 2024 and corresponding strategies to improve your chances […]
How to stay safe from financial scams
Credit Sesame discusses the growth of financial scams and a commonsense approach to keeping your financial information safe. A handful of government reports last week focused on the same problem: financial fraud. Fraud is a true growth industry based on the number of attempts and victims and the variety and sophistication of financial scams. Creative […]
