Today I am reviewing a product that I personally use myself. I am not paid to write this review but there are affiliate links in the article. On to the review!
So What is Credit Sesame?
Credit Sesame is a great free tool I discovered many months ago. It is one of a couple websites that will actually give you a credit score for free! Do I have your attention yet?
You fill out your information that is required to pull your credit score and answer the questions to verify your identity and *POOF!* your credit score pops up. They pull Experian’s National Equivalency Score which is not your FICO score but my guess is it is going to be in the same ballpark. Don’t worry though, it won’t lower your credit score because they perform a soft pull and those don’t ding your credit score.
Credit Sesame displays your credit score for you to see and they don’t charge you one penny! They don’t even require credit card information so there is absolutely no way they can charge you. On top of this they automatically update your score once a month. So what else does Credit Sesame do?
Your Credit Score Isn’t All Credit Sesame Pulls
Credit Sesame takes the information from your credit report (which they don’t show you, unfortunately) and build all sorts of neat infographs too! Credit Sesame totals up your debt balances and monthly payments and puts them all in one place and even breaks them out by category (mortgages, credit cards, etc). I would have hoped you already know this information but if you don’t this is the easiest way to do it. It doesn’t break out individual debts but it does have the totals by category.
So What Is the Catch?
Of course if this is all that happened they wouldn’t make any money… They do try to sell you a credit report for $9, but as you know from my post How to Pull Your Free Annual Credit Report you can already pull one copy from each bureau once a year for a total of three credit reports for free. Credit Sesame also suggests other types of loans, credit cards and mortgages that they think can save you money.
Should You Apply for Any of the Credit Sesame Offers?
If they make sense and actually save you money it might make sense. However, you need to do your own homework and make sure you can’t get a better deal yourself. They do get a cut from any product that you end up buying through their offers so keep in mind that they may not have all of the best options available.
In Review, is Credit Sesame a Good Tool?
I think Credit Sesame is an amazing tool if you just want to see what your credit score is and have the common sense to not sign up for anything else they offer. However, I bet a lot of people do click on their other offers. You’ll still likely save some money but I am betting you’d be able to find a better deal elsewhere. For me I just check monthly for my updated credit score and leave so it is a great tool for me.
So if you’re interested in finding out your credit score without paying for it head on over to Credit Sesame yourself ! I visit Credit Sesame monthly and enjoy watching what happens whenever something in my credit changes.
Have you used Credit Sesame? Feel free to share your thoughts below!