All There is to Know About Debt Consolidation
Credit Sesame’s guide to all there is to know about debt consolidation Having outstanding unpaid debt can be stressful, especially if you have multiple debts owed to different creditors. One strategy for getting out of debt is pursuing debt consolidation, in which you use a debt consolidation loan to bundle several debts into one and […]
Debt and Credit Rank Fifth in Consumer Complaints
Credit Sesame discusses consumer debt and credit complaints, the fifth most-complained about category in a new report released early August. In 2021, consumers had plenty of Covid-related grievances. Price gouging, vaccine scams, masking policies, and housing issues were the source of many complaints. Consumer debt and credit complaints were rife regardless of the pandemic. According […]
How to Avoid Scams When Selling Online
Credit Sesame on how to avoid being scammed when selling online. Selling online can be a good way to declutter and pay some of your bills — unless you get scammed by the buyer. Buyers are reminded to be careful when shopping online at Craigslist, Facebook Marketplace, eBay and other sites that match buyers with […]
Rising Credit Card Debt and the Consequences for Consumers
Credit Sesame examines the reasons for rising credit card debt and the consequences of spending beyond means. Normally, strong consumer spending indicated by rising credit card debt is considered a sign of strength for the economy. In today’s high-inflation environment though, it raises two key questions: Why are consumers spending more? Are current spending levels […]
Student Freebies, Hacks and Discounts
Credit Sesame unearthed 18 student freebies, hacks and discounts. Paying college tuition and fees is expensive, costing an average $11,631 for state residents and $28,238 for out-of-state students at public colleges, and $43,775 at private colleges, according to 2021-22 school year data from an annual survey by U.S. News & World Report. Most college students […]
Personal Finance Weekly News Roundup August 6, 2022
Credit Sesame’s personal finance weekly news roundup August 6, 2022. Stories, news, politics and events impacting the personal finance sector during the last week. U.S. Economy adds half a million jobs in July Treasury Secretary says the U.S. is not in a recession U.S. government reiterates servicemember auto finance rights Credit card spending remains strong […]
Time to Change Home Buying Tactics
Credit Sesame discusses home buying tactics in the current market. A red-hot housing market over the past couple years has made things tough for would-be home buyers. That may be changing in some ways, but the path to home ownership is still a steep challenge. Preparation is the key. While the booming market has given […]
The State of the US Economy: Are We in a Recession Yet?
Credit Sesame explores whether the US economy is in a recession. The possibility of recession had already been looming in the background for much of 2022. On July 28, that possibility jumped front and center in discussions about the US. economy. That’s the date when the Bureau of Economic Advisors announced that the US economy […]
How to Build Credit as a Student
Credit Sesame on how to build credit as a student. It’s never too early to start. Building a credit score can seem like one of the last things college students should be focusing on. Classes, homework and a busy social life are just the start. Who wants to start their journey into adulthood by reviewing […]
Are Banks Taking Unfair Advantage of Rising Interest Rates?
Credit Sesame discusses whether banks are taking unfair advantage of rising interest rates. Interest rate are rising this year. What people aren’t talking about is a notable exception to that trend. While interest rates that consumers pay for credit cards, mortgages, and car loans are all clearly higher than they were when the year began, […]
Back to School Sticker Shock – What to Expect
Credit Sesame prepares students on what to expect from back to school expenses this year and offer tips on how you can ease the pain of back-to-school inflation. It’s a funny commercial. To the tune of “It’s the Most Wonderful Time of the Year,” parents gleefully stock up on back-to-school supplies while gloomy kids trudge […]
Resetting Your Budget for Inflation
Credit Sesame discusses resetting your budget for inflation. The evidence is unavoidable. It’s seen every week at the gas pump and the grocery store. It’s especially shocking when you’re shelling out for something big like a car, a trip or home improvements. Inflation has seemingly come out of nowhere, and now it’s all but inescapable. […]
Personal Finance Weekly News Roundup July 30, 2022
Credit Sesame’s personal finance weekly news roundup July 30, 2022. Stories, news, politics and events impacting the personal finance sector during the last week. The Fed hikes interest rates again U.S. economy shrank during the second quarter Credit card and phone companies show warning signs The number of Americans struggling to pay bills surges Businesses […]
Twice as Many Working Americans Worrying About Money in 2022
Credit Sesame’s Personal Credit and Finance Survey May 2022 indicates that working Americans worrying about money frequently has more than doubled (13% to 31%) over all income levels during the last 12 months. According to the Bureau of Labor Statistics, the average annual wage in the United States is $58,260. The number of surveyed working Americans […]
Credit Building for Recent Grads
Credit Sesame discusses the importance of credit building for recent graduates. Using credit is a core part of handling your money in today’s economy. Credit can help you make ends meet week to week and build wealth in the long run. Even under the best of circumstances, recent graduates face challenges when it comes to […]
