Today, October 20, is Get Smart About Credit Day, and we’re walking through the basics of establishing and building credit. Though it may seem daunting to start, with patience, you can build not only your credit but your financial confidence and security. Why credit? Building credit is important for overall financial success. If you’ve never
Confused about what a “good credit score” truly means? That three-digit number between 300 and 850 has a big role in determining how much you might pay to access loans for a variety of things like a home, car, and consumer purchases. Banks and lenders use credit score tiers to determine their fees, interest rates,
Wemimo Abbey and Samir Goel, co-founders and co-CEOs among the Most Exceptional Entrepreneurs at the 2022 Builders and Innovators Summit. Harlem, N.Y. (October 12, 2022) – Goldman Sachs (NYSE:GS) is recognizing Esusu co-founders and co-CEOs Wemimo Abbey and Samir Goel as two of the Most Exceptional Entrepreneurs of 2022 at its Builders and Innovators
A look at consumer trends Renters have faced several concurrent economic challenges this year. As discussed in our last blog, inflation has remained high all year, eroding the purchasing power of consumers whose wages generally have not been able to keep up with higher prices. Consumer prices in June increased 9.1% compared to a year
Today we announced a new initiative alongside Fannie Mae (FNMA), a Government Sponsored Entity (GSE) that provides debt financing and liquidity to the mortgage market, to bring rent reporting to millions of renters nationwide. This collaboration is part of a joint effort between the two organizations to bring better financial opportunities to renters, especially in
Being a renter involves more than just paying rent on-time each month. For many, it’s part of the path toward homeownership, a first step in building financial stability, or a chance to start a new life in a new city or country. After speaking with renters and property owners and operators, we regularly heard that
Often people talk about a credit score as if each person has just one. In fact, there are three different consumer credit bureaus that review lending histories and provide an individualized score to each person. The three major companies are Experian, Equifax, and TransUnion. While each gives you a credit score, rarely are all three
We’re more than halfway through 2022 and compared to only a few months ago, renters are facing more uncertainty than ever. Our June/July insights report is breaking down the biggest market changes we’ve seen and what actions renters, owners, and operators can take to ride out the instability. A six-month shift in the U.S.
Your credit score is essential. A high credit score may indicate that you’re a low-risk borrower who can get a loan at a good interest rate. A low credit score can mean you won’t be approved for a loan, or that you’ll have to pay a high-interest rate. The thing is, if you’re like most
Graduation season is here and many seniors are shifting their focus toward life after college. While new jobs and big moves might be top of mind for new grads, their credit scores are deeply connected to this next phase of life and one of the most important things to think about even before getting their