Does Credit Card Pre-qualification Affect Your Credit Score?
Credit Sesame discusses whether credit card pre-qualification affects credit score. Credit card pre-qualification (or pre-approval) can be helpful. Credit bureau Experian reckons, “You’re more likely to be approved for a credit card for which you’re already pre-approved.” Pre-approval means you’ve met the basic qualifications that a card’s issuer lays down for a particular piece of […]
Consumer Credit Defaults Could Push Interest Rates Higher
Credit Sesame investigates the effect of consumer credit defaults on interest rates. Consumer credit defaults rose for the fifth straight month in April. That means more people are having trouble meeting their debt payments on time. This could be a sign that consumers are having a hard time coping with the economy. Even if you […]
How Do Credit Cards Impact Your Net Worth?
Credit Sesame looks at how credit cards impact net worth. Net worth is an important measure of the progress you’ve made financially. It measures how much money you’d have left over if you sold everything you own and used the proceeds to pay off all your debt. How do credit cards impact net worth? It […]
Personal Finance Weekly News Roundup May 21, 2022
Credit Sesame’s personal finance weekly news roundup May 21, 2022. Stories, news, politics and events impacting the personal finance sector during the last week. Consumers are defaulting on more debts Student loans rising for next school year Mortgages in forbearance declined last month Elon Musk puts a hold on Twitter deal High inflation a global […]
How Does the Credit Card Pre-approval Process Work?
Credit Sesame explains how the credit card pre-approval process works. Do you get regular mail shots from credit card companies telling you that you’re “pre-approved” for one of their products? If so, what does that mean? And can you get pre-approved yourself? We’ve taken a sneak peek behind the scenes of the credit card approval […]
How to Develop Good Financial Habits for Stress-Free Living
Credit Sesame looks at ways you can build good financial habits to make life easier and less stressful. When your mind is cluttered with thoughts and you can’t focus, it’s easy to feel overwhelmed. The same is true when your financial house is in disarray. Money mismanagement, disorganized finances, poor credit, and lack of financial […]
Tactics for a Debt-Free Life and More Control Over Your Money
Credit Sesame advises on how you can become debt-free and have more control over your money. Many Americans feel like they’re stuck in quicksand due to increasing debt. Credit card bills, medical expenses, student loans, and other obligations can quickly accumulate and leave you feeling helpless. But the truth is that you are not powerless. […]
Ordinary Americans Feeling the Impact of Stock Market Losses
Credit Sesame reported on Saturday that stock market losses continue. Why is this happening? Extended slumps in the stock market are always cause for investor angst. Given how much is riding on stocks these days, the sweaty palms and knotted stomachs may be especially severe this time around. A new report showed that household net […]
Record Credit Card Use in March 2022 Comes at the Wrong Time
Credit Sesame explains why this is the wrong time for record credit card use what you can do if you have overspent. Normally, the month of March is a time of year when Americans pay down credit card debt. This year though, they ramped up their credit card balances – at a record pace. This […]
Personal Finance Weekly News Roundup May 14, 2022
Credit Sesame’s personal finance weekly news roundup May 14, 2022. Stories, news, politics and events impacting the personal finance sector during the last week. U.S. dollar soars to 20-year high Consumer borrowing is rising quickly Two-thirds of Americans check credit scores monthly Household wealth more dependent on stocks than in the past Household debt rose […]
How to Boost Your Credit Score and Live Well
Credit Sesame examines why you might want to boost your credit score. If you don’t want to boost your credit score, maybe you already have a perfect score of 850. Otherwise, you really should want a higher score. Why? Because the higher your score is, the more money you stand to save when you borrow. […]
How to Relieve Financial Stress During Difficult Times
Credit Sesame examines ways to relieve financial stress during difficult times. Financial stress can be damaging to our mental and physical health. Persistent money worries can lead to chronic stress, which can cause depression. This can have a devastating, snowballing effect on our minds and bodies. Ideally, you want to address issues before things get […]
The Consequences of Living Without a Bank Account
Credit Sesame looks at the consequences of living without a bank account. Millions of Americans rely on savings accounts and checking accounts from banks and credit unions to help manage their money. Although it’s possible to function in society today with no bank account, it’s not recommended. That’s because, without a bank account, the cash […]
How the Fed’s Largest Interest Rate Rise Since 2000 Impacts Consumers
Credit Sesame reported on Saturday that the Federal Reserve announced the largest interest rate rise in over 20 years. The Federal Reserve made news last week with its largest interest rate rise in over 20 years. Understanding what that means and how it will impact interest rates on loans and credit cards can help consumers […]
Ten Ways to Build Credit on a Budget
Credit Sesame recommends 10 ways to build credit on a budget. If you want to be able to apply and get approved for future loans, credit cards, and other financial accounts, you’ll need to establish a credit history. Unless you build credit, you may get turned down when you want to borrow money. Also, the […]
