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Credit Sesame Review – Free Credit and Debt Management Tool

By David Bakke

credit sesame logoWhen it comes to getting a loan for just about anything, whether it is for education, debt consolidation, a mortgage, or anything else, how do you know that you’re getting the best deal? How do you know that a lender has your best interests in mind? It’s kind of hard to trust the “big banks” these days, or, frankly, anybody else for that matter.

To help find a solution to these questions, I took a close look at a fairly new service called Credit Sesame, and it seems that it really succeeds in putting many of these doubts to rest. And it does it for free.

What Credit Sesame Does

The site looks fairly simple, because it isn’t set up with a lot of “bells and whistles.” Don’t let appearances fool you. This site is packed with tools, tips, and advice all designed to give you what you need to objectively analyze and improve your credit score, and make informed and thoughtful financial decisions for yourself.

In a nutshell, Credit Sesame is a credit and debt management tool that helps you borrow smarter, get unbiased advice, and monitor your credit and debt online.

credit sesame optionsThe site uses the exact same technology that the banks use to give you straightforward, personalized loan options. It will analyze thousands of loans from all the major banks, evaluate them against your personal financial situation, and within minutes, give you the three best options that will save you the most money over time.

Credit Sesame also gives you a complete “snapshot” of your financial situation. It does this by analyzing and summing up your loans, your credit, your mortgage, and your credit card debt, all in minutes. The more you know about your situation, the better financial decisions you can make.

In addition, the site employs a “weeding out” process so it won’t bother you with loans for which you don’t qualify. This saves you time, which is just as important as saving you money.

What It Provides

credit sesame dashboardCredit Sesame is completely free and without obligation. It will give you a monthly credit score (for as long as you like), provide you with home value data, and inform you whether or not your debt is optimized. Basically, the site tells you where you could be saving money. It also tells you what your debt-to-income ratio is, something that is key to your creditworthiness.

Also, this information is updated as it changes. If there is a change in your credit score, Credit Sesame lets you know. If there is a new product on the market that may benefit you, it will inform you about that as well. All of your loan and debt information is monitored and tracked, and the site lets you know how you are doing and where you can improve.

My Take

For this review, I signed up for Credit Sesame’s service, just to see what exactly it provides. It lived up to the claims. The sign-up process was super quick and I started receiving useful information within minutes. Before I knew it, my entire financial portfolio was there for me to peruse, all on one, concise, organized page. It was pretty amazing. Everything was there – all of my debt information, my current home value, my current credit score, and everything else I mentioned above. The site then took this information, analyzed it all, and gave me advice on how I should proceed in managing my debt and my loans.

Credit Sesame is definitely a “must have” for anyone trying to improve their financial situation. What I like most about the site is that it looks at the entirety of your finances, and it is organized, easy to review, and ready for you to analyze. And you can rest assured that the advice is unbiased and objective, because the site is working for you, not the big banks.

Final Word

My experience went extremely well and led to me signing up for Credit Sesame, and I would strongly encourage you to do the same and at least try it out. Whether you are trying to understand your options as you try to consolidate student loans or refinance your home mortgage, Credit Sesame can give you all the tools you need to make the best possible financial decisions for yourself and for your future.

credit sesame

David Bakke
David started his own personal finance blog, YourFinances101, in June of 2009 and published his first book on ways to save more and spend less called "Don't Be A Mule..." Since then he has been a regular contributor for Money Crashers. He lives just outside Atlanta, GA and most all of his free time is taken up by his amazing three year old son, Nicholas.

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  • http://pulse.yahoo.com/_23GAUHJHQ6IWXICHXAPPSOYYEY blossom

    I signed up for Credit Sesame a couple of weeks ago and am pleased so far EXCEPT when I purchased my credit report and score from Experian this morning, my credit score shows as nearly 100 points lower than what Credit Sesame shows. Why is that?

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