One tool that has already been a huge help to me this year is Credit Sesame. In this review, I’ll explain how to sign up, why it is safe, and how Credit Sesame can help you achieve your financial goals.
How Can Credit Sesame Help Me?
Credit Sesame is like an assistant who keeps track of your credit score and debt for you. Here is some of what you can do with it:
- See your current credit score
- Monitor changes to your credit score
- See all of your credit card balances in one place
- Get a financial debt analysis
- Track your debt balance over time
- Notifications when something changes in your credit report
I’m using Credit Sesame to monitor my progress towards meeting my 2018 goal of paying off $4,000 in credit card debt. I can see my total credit card debt in one place (it is currently $5,172) and see a graph of how the balance is changing over time.
Since I can see the balance on all of my accounts on one page, I can make a plan for which to pay off first. You can even enter the APR for each card to help with this process.
You’ll get email notifications when something changes on your credit report, such as a new account being opened or paying off the balance on a card. This gives me peace of mind that nothing is happening to my credit that I don’t know about.
And if you want to be able to see your full credit report from all three bureaus each month, you can upgrade to a premium plan starting at $9.95 per month. Since I have locked my credit I personally don’t need this service.
Is Credit Sesame Safe?
You just provide the last four digits of your social which Credit Sesame uses to do a “soft pull” of your credit report. This in no way affects your credit score.
Credit Sesame also uses bank-level security practices, encryption, and firewalls to keep your information safe. I don’t feel like I am taking any risk when using this service.
Is Credit Sesame Really Free?
There’s no trial period and no catch to using Credit Sesame. You never provide a credit card number to use this service, so there’s no way they can charge you anything.
The company makes money if you sign up for a new credit card or loan through their site. All of the services they provide are 100% free to you.
How Can I Sign Up?
Click this link (or any link on this page) to sign up for Credit Sesame. You’ll just be asked for some basic information and the last four digits of your social security number. After you sign up you can download their app or use their site to monitor your credit score and credit card balances.
In summary, I recommend using Credit Sesame to monitor your credit score and debt balances. Knowing where you stand now and monitoring your progress are huge steps towards achieving your financial goals, and Credit Sesame can help with both!