News roundup November 2, 2024
Credit Sesame’s personal finance news roundup November 2, 2024. Stories, news, politics and events impacting personal finance during the past week. Consumer confidence bounced back in October 2024 The Conference Board’s Consumer Confidence Index rose by 9.6% in October. This was the strongest monthly gain since March of 2021. However, despite the recent surge, the […]
Credit for creators: Building financial health in the gig economy
Credit Sesame discusses how to approach credit building and financial health in the gig economy. The gig economy is a labor market characterized by short-term, flexible jobs, often facilitated by digital platforms such as Upwork, Uber and Airbnb. Jobs in the gig economy involve independent workers who take on projects or tasks on a temporary […]
Tough times for would-be homebuyers in fall 2024
Credit Sesame discusses the challenges facing would-be homebuyers in fall 2024. After a sustained drop, 30-year mortgage rates have risen for four straight weeks. Home prices also continue to rise. It seems that buyers cannot get a break. Mortgage rates pose challenges for would-be homebuyers again In late September 2024, it seemed that market conditions […]
News roundup October 26, 2024
Credit Sesame’s personal finance news roundup October 26, 2024. Stories, news, politics and events impacting personal finance during the past week. Credit conditions continue to worsen in September 2024 The latest TransUnion Credit Industry Snapshot showed consumers continued to take on more debt in September, even as they increasingly struggled to make payments. During the […]
The ABC of credit
Credit Sesame’s quick ABC of credit to get you started on your credit journey. Understanding credit can feel overwhelming, but breaking it down into its fundamental components can make it more manageable. This article will explore the ABCs of credit, including key concepts, types of credit, and essential tips for managing your credit effectively. A […]
Establish or build credit with a rent reporting service
Credit Sesame discusses the value of a rent reporting service in establishing or building credit. The hardest part of building a credit record can be getting started. How do you show you can use credit responsibly when many lenders won’t give you credit until you have a credit history? Rebuilding damaged credit can also be […]
News roundup October 19, 2024
Credit Sesame’s personal finance news roundup October 19, 2024. Stories, news, politics and events impacting personal finance during the past week. Debt fears grow in September 2024 A September 2024 survey by the Federal Reserve Bank of New York found that respondents had an increased fear of missing a debt payment within the next three […]
Staying safe from cyber threats in online banking
Credit Sesame discusses staying safe from cyber threats in online banking during Cybersecurity Awareness month. In 2004, America’s Cyber Defense Agency declared October Cybersecurity Awareness Month. The intention was to raise awareness around the importance of cybersecurity. Twenty years later, cyber threats continue to evolve, and protecting your online banking activities has never been more […]
Credit card debt reduced in August 2024
Credit Sesame discusses how credit card debt reduced in August 2024 and what that means for consumers in the bigger debt picture. Americans reduced their credit card debt in August 2024, a rare feat in recent years as consumer debt, including credit card debt, has reached new highs almost every month. Was August’s drop in […]
Personal finance weekly news roundup October 12, 2024
Credit Sesame’s personal finance news roundup October 12, 2024. Stories, news, politics and events impacting personal finance during the past week. Credit card debt declined in August 2024 According to the latest consumer credit data from the Federal Reserve, the total amount of revolving debt declined in August on a seasonally adjusted basis. The vast […]
How to manage your credit and avoid financial scares this Halloween
Credit Sesame discusses how to avoid financial scares and manage your credit this Halloween. As Halloween approaches, excitement fills the air, and households everywhere prepare for the spooky season. From picking out costumes to decorating homes, many are already counting the days to October 31st. However, amidst all the fun and festivities, it’s important to […]
Is reduced inflation here to stay?
Credit Sesame discusses reduced inflation and what may have a negative impact in the future. The Federal Reserve cut interest rates on September 18, 2024, essentially declaring victory in its battle with inflation. As inflation rose in 2021 and 2022, the Fed made a series of 11 rate hikes beginning in March 2022. Even after […]
News roundup October 5, 2024
Credit Sesame’s personal finance news roundup October 5, 2024. Stories, news, politics and events impacting personal finance during the past week. Dockworker strike on hold The International Longshoremen’s Association and port operators reached a tentative deal to end a strike involving tens of thousands of dockworkers across 36 ports in the eastern United States. Though […]
Five things you may not know about your credit score
Credit Sesame discusses facts about your credit score that may help you manage it better for future financial success. When managing personal finances, few numbers are as important as your credit score. It’s a key factor that lenders use to decide whether to approve your loan applications, set interest rates, and even determine your eligibility […]
Take advantage of low inflation to reduce debt
Credit Sesame discusses how current low inflation is an opportunity to address and reduce debt. The recent Federal Reserve interest rate cut has been widely greeted as a welcome break for consumers struggling with debt. Low interest may help, but something else may represent an even bigger opportunity for people to get their debt under […]
