It’s important for all consumers to keep their credit scores as high as possible, but a vast majority of Americans don’t even check their credit report on an annual basis, let alone weekly or monthly. Although there are laws and regulations in place to help consumers protect themselves from thieves and cyber-hackers, you could lose quite a bit of money or watch your credit score plummet if you don’t act quickly when you see fraudulent activity on your credit report.
In 2017 alone, 1.1 million consumers reported incidents of finance-related fraud to the Federal Trade Commission, with $74 million cumulatively reported credit card thefts. Consumers who knew right away that their credit score or financial accounts had been compromised could report the fraud and avoid liability for these losses. However, consumers who had no idea that their credit reports or credit cards had been hacked may be held responsible for the charges if they go unreported for more than 30-90 days in most cases.
Credit Sesame Review
To avoid becoming a victim of a financial scam, it’s crucial for consumers to regularly monitor their credit and protect themselves against identity thieves. While this may sound like a lot of effort, Credit Sesame makes it extremely easy to check your credit report, receive alerts of possible fraudulent activity, and protect their personal information. Best of all, Credit Sesame is free to join! You really can’t afford to miss out on these great benefits.
Free Credit Score Monitoring
When you sign up for Credit Sesame – and it only takes 60-90 seconds to create an account – you can regularly check up on your credit score. Credit Sesame monitors credit scores from TransUnion and automatically updates credit scores on a monthly basis. This way, you’ll always know what your credit score is, get access to expert-backed advice for improving your score, and receive up-to-date alerts whenever Credit Sesame detects suspicious activity on your credit report.
This service is completely free and useful for all consumers who care about their credit score, especially people who are considering applying for a new loan or credit card, or renters who want to improve their credit before moving to a new home.
Free ID Theft Protection
After the Equifax hack in 2017, it’s more important than ever to regularly monitor your personal and financial records to ensure nobody is trying to hack into your accounts or sell your private information on the black market online.
Since identity theft cases are on the rise, acquiring the best tools to protect yourself is absolutely necessary if you want to avoid the financial and legal headaches that come from identity theft incidents. Credit Sesame makes it easier to keep your information secure with its free identity theft protection services, which include alerts (is someone trying to take out a loan in your name without your authorization?), access to identity restoration specialists via live chat, and $50,000 theft insurance to help you get back on your feet if ID theft occurs while you’re a member of Credit Sesame.
Paid Credit Monitoring Services
Everything mentioned so far is offered completely free-of-charge by Credit Sesame. If you want to step up your credit monitoring strategy, then you should consider trying out Credit Sesame’s premium services, which include:
- Daily credit score updates (as opposed to monthly for free members)
- Credit reports from all 3 bureaus (TransUnion, Equifax, Experian)
- Downloadable monthly credit report
- $1,000,000 identity theft insurance
Premium services from Credit Sesame cost $9.95 per month for the Advanced Credit plan, $15.95 for the Pro Credit plan (which includes 3 bureau monitoring with specialized alerts and 24/7 access to experts for credit disputes), and $19.95 per month for the Platinum Protection plan (which includes lost/stolen wallet protection, black market website monitoring, public website monitoring, and Social Security number monitoring).
Loans and Credit Cards
In addition to credit score/report monitoring services, Credit Sesame also offers useful recommendations and reviews of several top-tier credit cards, mortgage loans, auto loans, personal loans and student loans. As a member, you can also access information on your home value, your home buying power (based on information related to your net worth), current interest rates on loans, and recommendations for credit cards based on your current score.
The information Credit Sesame provides is backed up by financial experts who want to help you save money, avoid too many hard pulls on your credit report (which can happen if you apply for several lines of credit and get rejected by some/all of them), and boost your credit score for greater savings on interest rates in the future.
If you’re ready to start checking your credit score more often, stay on top of your personal information to guard against fraud, and save money with personalized credit card/loan recommendations, then Credit Sesame is the ideal platform to find this information. It costs nothing to join and most of the services are available for free, so what are you waiting for? Sign up for Credit Sesame and take control over your credit report today.