The Relationship Between Income and Credit Score
Credit Sesame discusses the relationship between income and credit score. High income earners tend to have high credit scores and low income earners tend to have low credit scores. However, the relationship between income and credit score is the result of many factors and a high income does not guarantee a high score and more […]
Should You Spend Your Emergency Fund or Borrow money?
Credit Sesame delves into whether you should borrow money or spend your emergency fund in times of need. Most financial experts agree that it’s a good idea to have some savings set aside for emergencies. Once you’ve built it, the challenge becomes knowing when to spend your emergency fund. High inflation is creating ever-greater demands […]
Personal Finance Weekly News Roundup July 23, 2022
Credit Sesame’s personal finance weekly news roundup July 23, 2022. Stories, news, politics and events impacting the personal finance sector during the last week. The EU’s Central Bank finally raises interest rates to 0% Housing sales cool for the 5th straight month IRS eases inheritance tax pain for ultra wealthy families Average gas prices may […]
Medical Debt is Contagious – How Not to Catch It
Credit Sesame reviews a new medical debt survey by KFF. The cost of health care is so high that a medical issue can become a lingering financial problem. A recent survey by the non-profit health research organization KFF found that just over four out of every ten American adults have medical debt. This debt adds […]
What to Consider When You Apply for a Credit Card
The Credit Sesame guide on what to consider when you apply for a credit card. Do you want to apply for a new credit card? Used wisely, a credit card can be a useful way to manage cashflow or spread the cost of larger expenses. Perhaps surprisingly several credit cards with low balances can be […]
Are You Financially Comfortable?
Credit Sesame reviews a recent study that investigated how much money you need to be financially comfortable. Do you qualify? To answer that, you need to go beyond thinking of being financially comfortable as a number. You have to think about your own attitude towards wealth and where you stand in relationship to your goals. […]
Low Income and a High Credit Score: Is it Possible?
According to Credit Sesame’s Personal Finance and Credit Survey May 2022, it is possible to have a low income and a high credit score. There is an expectation that low income earners have low credit scores. In fact, the data show low earners can beat the odds and earn good credit scores. High income earners […]
Personal Finance Weekly News Roundup July 16, 2022
Credit Sesame’s personal finance weekly news roundup July 16, 2022. Stories, news, politics and events impacting the personal finance sector during the last week. Definition of “financially comfortable” depends on where you live Wealth managers still expect 2022 to be better than 2021 Consumer debt continues to rise Consumers expect inflation to outpace earnings growth […]
Which States Help Consumers with Medical Debt?
Credit Sesame discusses medical debt and how states help reduce this debt. Health care is the largest source of debt in collections in the United States, and most states aren’t doing much to help residents. According to Innovation for Justice, a team of researchers at the University of Arizona and the University of Utah, only […]
5 Reasons Your Credit Score Matters with Irene Renee, Credit Repair Specialist
Credit Sesame’s conversation about credit score and why it matters with Irene Renee, credit repair specialist. Twitter Space recorded July 7, 2022. Conversation starts at 2:30 mins Credit Sesame @creditsesame All right. Let’s go ahead and get started. Hi everyone. Welcome to today’s Twitter Space! We’re going to be talking about why your credit score matters. […]
Which States May be Closest to a Recession?
Credit Sesame examined recent economic conditions in all 50 states to predict which 10 states may be closest to a recession. Inflation is squeezing household budgets. Rising interest rates makes it more expensive to borrow money. These and other economic concerns have raised the possibility that the U.S. economy is heading for a recession. The […]
You Should Check Your Credit Score: It May Have Gone Up
Credit Sesame recommends that you check your credit score. There may be a pleasant surprise waiting for you. Even if you’re afraid to look, it’s a good idea to check your credit score regularly. As of July 2022, a credit score check might provide some good news for millions of Americans. A recent change to […]
Credit Rich and Cash Poor: It Can Happen
Credit Sesame on how it is possible to be credit rich and cash poor. It’s not easy to manage your finances on a low income. And yet, a recent Credit Sesame survey found there are plenty of examples of people who have built above-average credit scores despite below-average incomes. Good credit scores are not reserved […]
Personal Finance Weekly News Roundup July 9, 2022
Credit Sesame’s personal finance weekly news roundup July 9, 2022. Stories, news, politics and events impacting the personal finance sector during the last week. Consumers should check for a recent credit score boost New credit card accounts surge European inflation hits record high Job openings declined in May The yield curve on Treasury securities signals […]
How Inflation May Affect No Credit, Unscoreable and Credit Invisible Americans
Credit Sesame on how inflation affects no credit, unscoreable and credit invisible Americans. In today’s world of online shopping and cashless transactions, not having credit is a real hardship. This problem is now being made even worse by raging inflation. It’s a mistake to assume that all people without credit cards or access to legitimate […]
