If you’re looking at getting information on your credit score for possibly refinancing a loan, then you may be interested in Credit Sesame. The site started in 2010 and has been a free option for consumers.
Credit Reports and Credit Scores
While related credit scores and credit reports are different. If you’re looking for a free option on checking your credit reports, you can use Annual Credit Report. You’re entitled to reviewing all 3 of your reports from each credit bureau (Equifax, Experian, and TransUnion) for free. As part of the Fair Credit Reporting Act (FCRA), you can look at you reports annually, however, you do not get a credit score.
How Does Credit Sesame Work?
Credit Sesame pulls data from your Experian credit report and give you charts and stats on where your finances stand along with with suggestions on ways you can possibly save money. As you can see with the chart included in the post, it’s very easy to read the data and you can get an idea on areas where you may improve your credit worthiness.
As you probably figured, nothing is ever truly free, so how can you get your credit score from Credit Sesame without paying for it? Basically when you log in to check out your score, your finances on your credit report are analyzed and you may be offered deals based on the data. The site looks at your current loans to see if there is a better deal out there that you may be interested in.
There’s absolutely no obligation to buy or sign up for the offers. Credit Sesame is free to consumers. For those members that do sign up for lower interest mortgages and so forth, they subsidize the free services for all.
Signing Up for Credit Sesame
Signing up takes around 5 minutes of your time. You simply need to give your contact information and answer questions to verify your identity. You don’t need to provide a credit card to get started.