SeaComm Federal Credit Union OFFICIAL BLOG

3 Ways to Recover Your Credit Score

Thursday, October 20 is National Get Smart About Credit Day. Here are three simple ways to improve your credit score!

Pay your bills on time. Your payment history is the single most important factor in determining your score. A missed payment can significantly impact your score and it can take months to recover the loss. If you have been late with payments in the past, consider signing up for SeaComm’s free Online Bill Pay so you never forget to make a payment.

Pay off high interest debt. Whether you are carrying student loans or credit card debt, one of the most effective ways to pay them down sooner is to make more than the minimum monthly payment. Free up some cash each month by trimming your spending and rearranging your budget. If you are trying to pay off several high-interest debts and you find it difficult to manage them all, you may want to consider consolidating your debts into one loan. A personal loan from SeaComm can provide you with the funds you need to pay off your credit card bills and leave you with a single payment to make each month.

Find out if you’re already pre-approved for a personal loan through LoanEngine™, our loan-pre-approval program! This program 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 the SeaComm Mobile 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 Financial Wellness. At SeaComm, our goal is to help you live a financially successful life. Through our partnership with GreenPath Financial Wellness, our members have access to free one-on-one financial counseling, student loan counseling, debt management services and more. To learn more about how SeaComm’s partnership with GreenPath can help you improve your credit and finances, click here or call (800) 550-1961.


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