Free Credit Score with Credit Sesame *NO CREDIT CARD NEEDED*

by Junior Boomer on June 10, 2011

One of the better sites that I’ve come across lately is Credit Sesame. What’s so special you ask? Well, it’s one of the first sites that I’ve come across that will help you manage your debt AND allow you to get a free credit score. I know, I know. What’s so special about that? Well, you get a free credit score and you don’t even have to provide your credit card. See, I told you it was special :)

Credit Sesame also helps you find ways to optimize your debt.  How exactly?  You’ll just have to keep reading to find out….

Credit Sesame To The Rescue

You ever feel like your stuck with a loan? There are other options than simply sticking with the plan that you have because you feel that finding a different loan agreement would be too much hassle or high risk. This is not the case with Credit Sesame.

Credit Sesame like many other sites out there will let you put all of your financial information into their website such as income, all debt expenses including the terms of your current loans, as well as other budget information. You will then have access to your credit score as well as graphical representations of how you are spending your money. After you have entered all of this information so that Credit Sesame will be able to asses your credit standing as well as free cash flow you have to pay for different types of loans, they will run a credit optimization report for you.

Here’s the best part: it’s free (just in case you missed it above)Yes, free.  And not like the type of free where they charge your credit card after a 30 day trial period.  In fact, you don’t even need a credit card to sign up.  Learn more about signing up for your free account.

Credit Sesame Credit Optimization

Credit optimization is a fancy term for seeing if you are eligible for better loan terms than you are currently paying. This is where Credit Sesame sets itself apart from any other budgeting website that I have encountered. The ability to get better loan terms could end up saving you lots of money in the long run.

For example, let’s say you have a car loan with $40,000 dollars left on the loan. You are currently paying a five percent ten year loan on the car. Your payment based off of these terms will be approximately $425 per month which would have you paying roughly $51,000 on the car loan.

Now, let’s say you have been able to improve your credit score and have a more stable financial situation, you could have your credit situation optimized by Credit Sesame, and they offer you a 10 year 3.5% loan. You would be able to take this new loan and pay off the $40,000 you owe on the car and would be making the payments on this new loan through Credit Sesame to a bank.

After your have optimized your credit, you would now be making approximately a $395 payment only paying $47,000 for the same car! You could be saving yourself thirty dollars a month on your car payment or approximately $360 a year. Overall you will end up paying almost $4,000 less for the exact same car. This small example will also be able to apply on a larger scale for your home loan, or any student loans you are currently paying.

Let Credit Sesame Do The Work

Credit Sesame will search hundreds of banks all over the U.S to find a bank that is willing to make this better type of loan for you. The best part is the whole process is free to you until you make a loan. Even after you make a loan, you are not paying any more to Credit Sesame, they will be getting paid from the bank for finding more loans for the bank. This is the greatest part about Credit Sesame, they only make money when they end up saving you money!

Debt Optimization Through Credit Sesame

Debt optimization in the past has been a long grueling process having to drive around to all of your local banks and apply for different loans. The process was so tedious and drawn out that the majority of Americans would rather just pay the extra money than go out and find themselves a better deal. Now, with Credit Sesame, the same process is as easy as entering your information into a web page, and Credit sesame will do all of the leg work for you. It is time to take control of your finances today, and Credit Sesame can lead the way for you.

Credit Sesame Wrap Up

Overall, a service like Credit Sesame can be very helpful for a lot of people. If you want to give Credit Sesame a try, I encourage you to check them out.  Remember it’s free.  Hard to pass that up :)

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{ 2 comments… read them below or add one }

GHARKNESS June 10, 2011 at 11:31 am

I don’t know. At our age, it seems to me that owing $40,000 on a car loan is just not sensible. If you can pay cash or finance only a small amount on a car costing that much, well, maybe that’s okay, but it just doesn’t seem sensible to have that big a loan on a car – as we near retirement. Why not buy a less expensive car to start with?

Ross June 21, 2011 at 3:58 pm

I agree with Gharkness,, at age 57 I am very leary of taking on any debt at this point in my life. At least not enough to worry about “optimizing” it. Car leasing is looking better all the time.

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