SeaComm Federal Credit Union OFFICIAL BLOG

Three Ways to Get Out of Debt Faster

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When unexpected events occur, it can be difficult to keep up with your monthly payments. Fortunately, there are ways to make paying off debt easier. Here are three simple strategies to help you embark on a debt-free life!


Pay more than the minimum. Whether you are carrying credit card debt, personal loans, or student loans, one of the best ways to pay them down sooner is to make more than the minimum monthly payment. Doing so will help you save on interest throughout the life of your loan, and it will also speed up the payoff process.




pay off debt

Consolidate your high interest debts. If your interest rates are so high it feels impossible to make headway on your balances, it’s worth consolidating your debt into one monthly payment. A consolidation loan with SeaComm allows you to combine all of your outstanding balances into one convenient monthly payment. This makes it easier to work out a reasonable period to pay off your debt, without feeling overwhelmed.

With SeaComm’s loan pre-approval program, LoanEngine™, you might already be pre-approved for a consolidation loan! If you qualify for a pre-approved offer, you’ll be presented with it through our SeaComm Mobile 4.0 app or NetTeller in the “My Offers” tab, via email, and/or a letter through the mail. Click here to login to your NetTeller™ to view your current offers. If you don’t have any offers at this time, be sure to check back every 60 days.




Take advantage of GreenPath. SeaComm’s partnership with GreenPath Financial Wellness provides credit union members with exclusive access to free debt management services! The certified experts at GreenPath will provide you with financial counseling, a debt management plan, financial education and much more. To learn more about how SeaComm’s partnership with GreenPath can help you, click here or call (877) 337-3399.

In an effort to keep our communities safe, we have implemented an adjusted operating schedule. Until further notice, all SeaComm lobby visits will be by appointment only. Our drive-thru lanes will remain open at all locations. To apply for a loan or schedule an appointment, please contact our call center at (800) 764-0566.

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