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Credit Sesame Surpasses 2 Million Accounts, Achieving 7x Growth in 12 Months

Apr 10 2013 12:00AM

Marketwire

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MOUNTAIN VIEW, CA -- (Marketwired) -- 04/10/13 -- Credit Sesame, the consumer's credit and loan expert, today announced that it has more than 2 million members and $60 billion in loans under system management. The firm's proprietary loan analytics and recommendations engine has also identified total annualized savings exceeding $600 million for its users.

Consumers searching for the best free way to protect and improve their credit and financial standing, better manage their loans, and save significant money helped push Credit Sesame to multiple milestones: The firm reached $60 billion in loans under system management as of April 7, 2013 and surpassed 2 million members on February 27, 2013. Both were achieved in the two and a half years since launching in September 2010.

"By offering free credit scores and monitoring, personalized financing analysis and unbiased, pre-qualified loan and savings recommendations, consumers can improve their credit standing and save money both immediately and over the long-term, with access to better loans with lower interest rates," said Adrian Nazari, founder and CEO of Credit Sesame.

These milestones come after a series of other industry "firsts":

•Launched free credit monitoring of Experian credit report activity •Developed and launched free credit score mobile apps for Android and iPhone •Created a Social Debt tool that compares one's credit score and debt to peers nationally and locally •Developed an interactive Visual Mortgage Comparison Tool that compares current loans to the marketplace instantly

"We're especially proud that our loan analytics and recommendations engine has identified total annualized savings of more than $600 million for our customers. These savings profoundly impact people's lives -- for example, whether someone can retire as they hoped or afford to put their child through college. Our mission is to continue to advocate for consumers so they have free access to their credit information and to identify the best, unbiased pre-qualified loan and savings opportunities, so they can meet their long-term financial goals," Nazari said.

For more information, please visit www.creditsesame.com.

About Credit Sesame
Credit Sesame is the consumer's credit and loan expert, helping them make smarter financing decisions to save money and live richly. It provides a complete picture of your credit and loans in one place, including your credit score, credit monitoring, personalized financing analysis, and unbiased, pre-qualified loan and savings recommendations -- all for free.



Source: Marketwire