Free Credit Monitoring from Credit Sesame

by Sean Bryant on December 15, 2012

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.

 Sign up for Credit Sesame’s Free Credit Monitoring Service

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Sean Bryant

Sean Bryant created in 2011 to help pass along his knowledge of finance and economics to others. After graduating from the University of Iowa with a degree in economics he worked as a construction superintendent before jumping into the world of finance. Sean has worked on the trade desk for a commodities brokerage firm, he was a project manager for an investment research company and was a CDO analyst at a big bank. That being said he brings a good understanding of the finance field to the One Smart Dollar community. When not working Sean and he wife are avid world travelers. He enjoys spending time with his daughter Colette and dog Charlie.

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