Free Credit Monitoring With Credit Sesame
Credit Sesame is a Website that helps people manage their credit — its offering users free credit monitoring, a service that the big three credit bureaus offer for a fee. However, Credit Sesame monitors information from a single credit bureau — Experian.
Credit monitoring services help consumers easily keep track of changes to their credit reports — like new account inquiries from lenders or changes of address — that might influence their credit scores, which is based on information in the credit reports. The notifications, sent by e-mail or to a phone via a mobile app, can also serve as a warning of possible identity theft or financial fraud.
Through Credit Sesame you could be getting an alert any day, any time, depending on what happens on your credit report. Their services track 40 separate events — users could select the ones for which they wanted notification.
Credit Sesame was paying Experian for access to the data but offering the service free to users as part of its mission to help them improve their financial picture and manage their credit.
Credit Sesame is also offering its users free credit scores from Experian. The scores aren’t FICO Scores, which are the most widely used by lenders, but rather Experian “National Equivalency Scores” — which Credit Sesame says can still give consumers a good idea of what their FICO Score is and how their credit rating is trending.
Tags: Account Inquiries, Credit Bureau, Credit Rating, Credit Report, Credit Sesame, Experian, FICO Score, Financial Fraud, Free Credit Monitoring, Identity Theft, Manage Credit, Mobile App, National Equivalency Scores