How they describe themselves: Credit Sesame is a free online personal finance tool that gives consumers the best way to monitor and manage their credit and loans to save money. It provides consumers with a truly free access to their credit score, complete analysis of their credit and loans, and personalized plans to take control of their finances, unlock their credit potential and borrow smarter.
Credit Sesame’s innovation lies in its patent-pending analytics engine, developed by Stanford scientists that analyzes user’s credit profile and monitors the financing market and products to find ways that consumer can save money on loans, mortgages and credit cards.
How they describe their product/innovation: Credit Sesame introduces a new financial dashboard and ‘Financial Fitness Indicators’ that provide the external context a user needs so they can fully analyze and optimize their financial situation. The new capabilities will give users a comprehensive assessment of their individual financial situation, analyze current market trends and provide action plans to capitalize on them. It provides users with valuable insight into the successes of their peers so their patterns can be emulated. The new Financial Fitness Indicators sum up all of consumer’s credit and debt information into visual components that an individual can use to determine their overall financial fitness.