Credit Sesame provides Credit and Debt Management
Credit Sesame is a new, free, online service that makes it easy for consumers to review and manage their personal credit and lower payments on home loans and debt. The site provides online tools to borrow smarter, and save on debt through unbiased debt restructuring and consolidation advice. Furthermore, the site provides a comprehensive analysis of individual’s existing loans and provides options for debt consolidation.
Credit Sesame founders spent years in the financial industry and bring with them industry insights on how banks leverage credit ratings to market consumer loans. With this knowledge came the idea of providing consumers access to their own credit scores so that consumers could actively monitor them and take corrective measures for improvement.
Using technology and analytics previously only available to big banks, Credit Sesame creates multiple scenarios to find the best-suited loans for each user and allows them to directly apply for those loans online. The analytics allow users to chart many possible scenarios to best understand, optimize and manage their credit and debt. By simply optimizing their current loans or paying off certain loans faster than others, consumers have the option of saving big money.
On the back end, the site analyzes thousands of loans from all the major banks, evaluating them against the user's personal financial situation, and within minutes, presents the three best options that will save the most money over time. As the site already has the users credit scores, it can efficiently weed out loans that users would not qualify for, saving time and simplifying the process.
In addition, the site provides home value data and debt-to-income ratios. The sign-up process is quick and within minutes, the user starts receiving useful information. For more information on Credit Sesame's free online tool, please visit www.creditsesame.com.
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