Trusting Technology to Build Up Your Creditworthiness

Human beings have boasted a deep knowhow in and around many different things, but at the same time, it has been proven time and time again that we know nothing better than growing on a consistent basis. This progressive approach, on our part, has already got the world to hit upon some huge milestones, with technology appearing as a major member of the stated group. The reason why technology enjoys such an esteemed stature among people is, by and large, predicated upon its skill-set, which ushered us towards a reality that nobody could have ever imagined otherwise. Nevertheless, if we look up close for a second, it will become clear how the whole runner was also very much inspired from the way we applied those skills across a real world environment. The latter component was, in fact, what gave the creation a spectrum-wide presence, and consequentially, kickstarted a tech revolution. Of course, this revolution then went on to scale up the human experience through some outright unique avenues, but even after achieving such a monumental feat, technology will somehow continue to produce the right goods. The same has grown increasingly evident over the recent past, and assuming one new fintech-themed development shakes out just like we envision, it will only make that trend bigger and better moving forward.

Credit Sesame, one of the first platforms to provide consumers free and ongoing access to their full credit information, has officially confirmed the launch of a brand-new solution in Sesame Credit Builder. Basically a Mastercard debit card designed to help people build their creditworthiness, the stated solution delivers on its promised value proposition by building a positive payment history with everyday debit purchases from your coffee to bill payments for your phone, utilities, subscriptions, and more. But what is so different about this product? Well, unlike your traditional secured credit card, Credit Sesame’s latest brainchild doesn’t mandate any credit check, up-front security deposit, and interest charges whatsoever. Now, onto how a user can avail the benefits we have in play here, all they have to do is sign up for Credit Sesame and activate Sesame Cash with Credit Builder. As soon as the signing up process is duly completed, you can start making purchases through the new debit card. Credit Sesame, on the other hand, will track your payments and purchases separately so to settle your account at the end of every month. The company will, of course, simultaneously report the total monthly purchases and payments to all three credit bureaus for the purpose of building your payment history, something which should birth an improved credit score over time.

“Finance plays a crucial role in everyone’s lives. However, for the nearly two-thirds of US households who are living paycheck-to-paycheck and relying on credit to manage their day-to-day expenses, a good credit history is vital to their financial health,” said Adrian Nazari, Founder and CEO of Credit Sesame. “The new Sesame Credit Builder Mastercard brings inclusion and breaks down the barriers for everyone and specially people with low or limited credit history to build better credit history. We are making it easy for more Americans to get credit for the money they spend and the payments they make.”

Founded in 2010, Credit Sesame has climbed up the ranks by banking upon latest technology, AI and analytics to help consumers achieve greater financial health and realize better opportunities within the stated discipline. So far, the company has already empowered millions of consumers in regards to critical objectives, such as improving their credit scores, increase their approval odds, lowering their cost of credit, saving money, and do a whole lot more. However, given the launch of its credit building solution, Credit Sesame will hope to reach an even wider user base in the near future.

“Creating pathways for financial security and access is core to Mastercard’s mission of powering economies and empowering people,” said Tim Montgomery, Senior Vice President of Digital Partnerships at Mastercard North America. “Credit Sesame aims to democratize financial wellness and empower consumers to take charge of their own financial health. Sesame Credit Builder can do just that and help even more consumers improve their credit.”