You may have heard us talk about it before, and you might have seen our television commercial for the Dare2Compare account review. Dare2Compare is a way that FFCCU could save you money. And it’s as easy as it sounds: a one-on-one meeting with a financial representative who will look through your individual situation and seek out ways you can save money. That sounds great…but how exactly does it work? What should you expect and what should you bring? We’ll answer all of your questions and concerns below and get you scheduled with your Dare2Compare today!
DO YOU HAVE TO BE AN FFCCU MEMBER?
No! We’re happy to speak with members and non-members alike. If you love what you hear during your account review and want to save money, then we have great news – you can get started with your FFCCU membership that very same day.
Helpful Tip: Setting up a new FFCCU membership will require at least a $5 deposit into your new share savings account. External accounts (like from a commercial bank) can often take a few days to transfer funds. If you want to get started right away, it might help to have cash available to deposit on the day of your account review.
WHAT WILL IT COST TO DO A DARE2COMPARE?
Nothing! After all, the point is to find a way for you to save money, so it wouldn’t help to charge you! Coming in for a Dare2Compare is entirely free. The teammate doing your account review will probably have a recommendation or two for you based on your current finances and goals, but there’s no obligation to go forward that day.
HOW LONG WILL IT TAKE?
Generally, it only takes 5-15 minutes for the initial account review and to look for ways to save money! Time varies a bit based on the complexities of your finances and whether or not you want to take some action that day.
WHAT SHOULD I BRING TO MY DARE2COMPARE?
Not a thing! Just step on in at the time of your scheduled appointment, and we’ll get started.
Helpful Tip: One way that an account review can lead you to save money is by refinancing loans you have at other institutions. If a partner or other person is the one regularly making those payments, it will help to familiarize yourself with your monthly costs so that you can compare possible options.
IS THERE ANY POINT IN DOING A DARE2COMPARE IF I HAVE BAD CREDIT?
If your credit is a big concern, Dare2Compare might be just the thing you need! Our teammates typically make some recommendations for ways to repair or bolster your credit score. While that won’t save money with your current expenses, it will make strides toward the goal of giving you financial freedom and flexibility in the near future.
HOW DOES AN ACCOUNT REVIEW HELP ME SAVE MONEY?
Everyone’s circumstances are a little different, so answers vary. Here are a few previous Dare2Compare success stories to give you an idea of how we help to keep money in your pocket:
- KEVIN made his Dare2Compare appointment in anticipation of applying for a signature loan that he would use to crush some personal debt. However, after conducting an account review, our teammate found that the plan wouldn’t really push Kevin toward his goal. Instead, she recommended a home equity loan as a solution. The end result saved Kevin $26,000 in interest over a period of 15 – and reduced his monthly minimum payments by around $1,500 each month! A long-term and short-term savings that Kevin sure appreciated!
It wasn’t exactly what Kevin expected – it turned out to be better! Our teammates look at multiple angles to help members reach their goals and find alternate ways to save money!
- ALAN & JANET wanted to reduce expenses in their monthly budget. They came to FFCCU for a Dare2Compare account review where their credit report revealed a loan from another financial institution with a high monthly payment – 10.99% interest and $510.56 each month. The teammate working with the couple knew it was likely FFCCU could provide a better rate.
Alan and Janet applied for an Auto Loan, and they were able to close on the loan the next day. Through FFCCU, Alan and Janet got an interest rate of just 3.36%, and their monthly payment came out to $417.24, including GAP+ protection! By refinancing with FFCCU, Alan and Janet lowered their monthly payments by $93.32 and will save almost $3,000!
- Longtime member TERENCE was looking to finance a new vehicle and wound up finding a way to save money! When applying for a loan, we discovered unsecured debt that – despite excellent credit and payment history – could jeopardize his future borrowing.
FFCCU teammates went to work to find a solution. Terence was able to use his home equity to pay off a number of variable loans and lines of credit totaling $36k. This saved him $400 each month and, just as important, reduced the likelihood he’ll need to resort to high interest loans in the future.