Everyone has bills to pay. One of those is probably a monthly payment for a credit card or a loan. There are a few things you can do to make your debt go away faster. Take these easy steps to help pay off that debt!
Create a Budget
One of the first things you should do is find out how much you’re making and spending with a budget. This will tell you what you have after you pay all your bills. You might realize you have some extra money you can put towards your debt. Making higher payments with the extra cash you find will help reduce the money you owe.
Sell Unwanted Items
Someone really smart once said that our homes are just “a place for our stuff.” Some of the items you have you might not actually need. Distinguishing between “wants” and “needs” can save or, in this case, make you money. Have a yard sale or go on the Facebook marketplace and post items to sell. Use the proceeds to pay off more of that debt.
Make Smart Choices
Think about your monthly expenses. Are there ways to lower how much you’re paying? You can save money by either cutting things you don’t use, or turning to less expensive alternatives. Cable is a good example. Big packages can cost a lot. There are subscription services that have what you want without the big bill. As long as you have an internet connection you can watch what you want and pay less for the month.
Consolidate
If you have high interest rates and it feels impossible to pay it down, 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 creates a more 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.