Rising Inflation and Healthcare: The Harsh Consequences
Credit Sesame’s looks at the inflation and healthcare and changes over the last year. The consequences of rising inflation are evident everywhere and consumers have experienced price increases across the board from daycare to utilities and everything in between. This is no surprise. It is easy to understand that managing finances has become more of a […]
Why It’s Important to Apply for Credit Before the Next Recession
Credit Sesame discusses why it may be a good idea to apply for credit before the next recession. Talk of recession is so common these days it may become a self-fulfilling prophecy. Like a gathering storm, people are anticipating chaos and casting a nervous eye towards the horizon. Just like a hurricane, it may fizzle […]
Maximize Your Credit Card Payments to Minimize Your Costs
Credit Sesame on why you should maximize your credit card payments to minimise your costs. The Brookings Institute, a public policy think tank, recently published a paper criticizing the way credit card companies bill their customers. The paper claims that credit card industry practices are prolonging debts and costing customers billions in extra interest. Their […]
Banks Change Rules Around Overdraft Fees: What That Means for Consumers
Credit Sesame discusses changing rules and policies around overdraft fees and what this means for consumers. Recent months have seen a steady stream of announcements from banks about changing overdraft rules and policies. For the most part, these changes are in favor of customers – or appear to be. For critics of overdraft fees, these changes […]
America’s Credit Habit Just Got More Expensive
Credit Sesame’s new survey reveals credit card use has changed over the last year from May 2021 to May 2022.. America’s credit card use is rising – at exactly the wrong time. The Personal Finance and Credit survey shows that American consumers are relying more on their credit cards this year than last. With higher […]
Personal Finance Weekly News Roundup June 25, 2022
Credit Sesame’s personal finance weekly news roundup June 25, 2022. Stories, news, politics and events impacting the personal finance sector during the last week. CFPB puts overdraft fees under the microscope Banks are easing overdraft fees in response to regulatory pressure Consumers file class action lawsuits over Zelle fraud Consumer default rates continue to rise Credit […]
Cash Rich and Credit Poor: It Can Happen
Credit Sesame on how it is possible to be cash rich and credit poor. Money doesn’t solve everything. For some people, it isn’t even enough to keep them out of financial trouble. A recent survey by Credit Sesame found that many people with above-average incomes have below-average credit scores, so-called cash rich and credit poor. […]
Federal Agency Looks at Lowering Credit Card Fees for Late Payment
Credit Sesame examines the Consumer Financial Protection Bureau’s plan to lower credit card fees for pate payment. It has been 13 years since Congress enacted a law protecting credit card users from being charged excessive credit card fees, but the 2009 law apparently didn’t do enough to reduce late fees. The Consumer Financial Protection Bureau, […]
Does the Largest Fed Rate Hike Since 1994 Spell Trouble?
Credit Sesame discusses the largest Fed rate hike since 1994. What does this mean for the people of America? The Federal Reserve made news with a large rate increase last week. Much was made of the fact that it is the largest rate increase since 1994. This is big news in itself, but what are […]
Timing is Everything: When is the Right Time to Apply for a Mortgage?
Credit Sesame discuss the right time to apply for a mortgage. Good timing can make a big difference in life. This is certainly true of buying a home and getting a mortgage loan. While many matters in this process are out of our control, carefully determining when to shop for a mortgage, apply for financing, […]
Personal Finance Weekly News Roundup June 18, 2022
Credit Sesame’s personal finance weekly news roundup June 18, 2022. Stories, news, politics and events impacting the personal finance sector during the last week. Fed makes biggest rate hike since 1994 How stealth inflation is sneaking up on consumers Cryptocurrency provides no shelter for investors Economic challenges are not confined to the U.S. Back-to-school spending expected […]
How Much Do You Know About Credit and Credit Score?
A recent survey conducted by Credit Sesame revealed that many people still have a lot to learn about credit and credit score. The survey asked respondents to indicate whether the following statements are true. Do you know the right answers? True or false? Any adult lawful US resident can build a credit score. True or […]
Guide to Buying a House and Getting a Mortgage
Credit Sesame’s step by step guide to buying a house and getting a mortgage. There are more steps to your new house than those leading up the path to the front door. In fact, the steps towards home ownership usually start long before you set eyes on the property you’re going to buy. This guide […]
The Pros and Cons of Residential Buy-to-Rent
Credit Sesame discusses the pros and cons of buy-to-rent. Buy-to-rent sounds like a dream. You buy a property, rent it out and the income you receive more than covers the mortgage. Most people imagine a solid investment with little risk. You probably plan to keep your existing job, so income from a buy-to-rent property (or […]
4 Things That Can Ding Your Credit and a Surprising One That Doesn’t
Credit scoring is complicated, so there are a few actions you may not think about that can negatively impact your score. Here’s what you should know.
