User talk:Atodorova123

Credit Sesame is a free web based tool that helps consumers manage their credit and save money on their loans. It also provides consumers with a free credit score. No credit card or subscription is required to register or obtain the credit score, which is updated monthly.

Headquartered in Sunnyvale, Calif., Credit Sesame launched in private beta at TechCrunchDisrupt 2010. As of June 2011, the company's registered users have a combined $3 billion of loans, which Credit Sesame monitors and analyzes for potential savings on a daily basis.

Founder and Financing
Credit Sesame was founded by Adrian Nazari, the company's Chief Executive Officer, who previously co-founded Financial Crossing, Inc. and served as its President and CEO. He was also CEO and Chairman of the Board at Financial Circuit, Inc.

In March 2011, Credit Sesame announced that it had closed a $6.15 million second round of funding, led by Menlo Ventures and Inventus Capital.

Bank-Level Analytics
Credit Sesame analyzes consumers' credit profiles based on the information in their [|Experian] credit reports. As soon as a consumer's profile is created, Credit Sesame begins analyzing their current loans (including mortgage and credit card accounts) and looks for alternative loans that will help that consumer save. This is accomplished by using a patent-pending bank-level analytics engine developed by Stanford University analysts, which analyzes the mortgage lending market daily for new financing options.

The mortgage and refinance loans Credit Sesame finds for its users are personalized, based on each individual user's credit file, the estimated value of their home and the financial goals they have set up upon registration. Consumers only receive loan offers for which they qualify.

Because it lists all loans and credit in one place, pulled directly from the consumer's credit report, Credit Sesame provides a complete picture of that consumer's credit.

Credit Sesame currently powers Mint.com's Home Loans tool.

Free Credit Score
The free score you get from Credit Sesame is your Experian National Equivalency Score. The National Equivalency Score is not a FICO score, but unlike some free scores provided by other services, which are educational and often referred to as "FAKO" scores, it is actually commercially available to lenders. The range for the National Equivalency score is 360 to 840; the range for FICO scores is 350 to 850.

Business Model
Credit Sesame is free to consumers. The company makes money when a consumers closes on a loan obtained with the help of Credit Sesame.

Press

 * June 2011: Today Show, NBC: Today's Money: Money-Maximizing Web Sites
 * June 2011: MORE Magazine: Make Even More Money
 * June 2011: Mint.com: Free Credit Scores (Seriously, They’re Really Free)
 * March 2011: The Wall Street Journal: The Daily Start-up
 * December 2010: Money Crashers: Credit Sesame Review – Free Credit and Debt Management Tool
 * October 2010: Consumer Reports: Finovate Fall Day 1: Financial voyeurism and a free credit score
 * September 2010: CNN Money: Today in Tech: News around the Web