I have been a member of Credit Sesame for a year now and find it a very useful service for tracking my credit. Credit Sesame recently announced the release of the first free credit monitoring service that compiles data from the largest U.S. credit bureau, Experian. The service tracks a consumers credit activity and sends you alerts if important changes occur. This will allow consumers to protect their financial standing and credit score.
Credit Sesame’s credit monitoring service will help consumers in the following ways:
Save Money
Other services charge around $200 per year to help consumers monitor their credit. Credit Sesame’s free credit monitoring will not only save you money upfront but can also save you money in the long term. A good example is if you were to take out a $250,000, 30 year fixed rate mortgage. You would pay a half a percentage point more with a 699 credit score compared to someone with a score of 750. That correlates to over $20,000 more interest over a 30 year period.
Detect Damage from Identity Theft
You will receive notification on balance changes, address changes, inquiries made and new accounts opened. Because of this proactive approach by Credit Sesame you will be able to limit the damage if identity theft does occur.
Stay on Top of Their Credit
Credit Sesame will track up to 40 activities on your credit. This will help you stay on top of your credit and allow you to fix any issues that may arise.
