SeaComm Federal Credit Union OFFICIAL BLOG

3 Things to Consider Before Making a Large Purchase

It’s important to ensure that you’re financially ready to make a large purchase, and that it fits your budget. Here are three questions to ask yourself before opening your wallet:

How else can you spend this money? Think about the money you are about to spend on this item. What else can that money buy? Can it pay for a few weeks of groceries? Would it go further on vacation, where it can fund a priceless trip filled with memories that will last your lifetime? It might even be enough to pay for your child’s wardrobe for the season! Take some time to think of other ways you can spend this money before making your final decision.

Is this the best price you can get for this item? When making a large purchase, it is important to comparison-shop before putting down your money. Check several online listings and visit some brick-and-mortar shops to find the lowest selling price. You should also consider buying your item previously owned for steep savings.

A Benefits Plus® checking account with SeaComm provides members with a variety of savings and discounts at local retailers! Click here to discover even more advantages of a Benefits Plus® membership, or stop by your nearest SeaComm branch to enroll.

For complete information, terms, conditions and exclusions please visit or call 866-329-7587.

Do you have the funds to pay for this item? This is the number one question to ask when you want to determine if you can really afford a purchase. You might have been trimming your budget just a little bit each month to pay for this item, or maybe you are using a surprise work bonus. Either way, make sure you have liquid funds that can cover the cost of your item.

As a SeaComm member, you might already be pre-approved for a personal loan through LoanEngine™, a loan pre-approval program that allows you to view and accept loan offers without having to come into a branch or fill out an application! If you qualify for a pre-approved offer, you will be presented with it through our SeaComm Mobile app or NetTeller™ in the “My Offers” tab, via email, and/or a letter through the mail. You may accept offers immediately by following the prompts, or by calling into our call center at (800) 764-0566. 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.

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