Emergency car repairs, unexpected medical bills, major household expenses…these are things that unfortunately happen to everyone and usually at the most inopportune time.
And while the majority of us have some money squirreled away for a rainy day, many times these emergencies end up being more costly than anticipated. That’s why it’s so important to have things set up now so that accessing funds can be done easily and quickly when life throws you a curve ball!
If you haven’t done so already, go ahead and take advantage of our ILWUCU Line of Credit. One simple application allows you to draw funds when something unexpected arises. Once approved, your LOC can easily be linked to your checking account giving you quick access through cash withdrawals, using your debit card or writing a check.
Another great option is a Home Equity Line of Credit (HELOC.) Using the equity you have built up in your home gives you a line of credit perfect for when major home repairs are needed or the transmission falls out of the truck.
These types of financial emergencies are stressful enough. By taking a few minutes now to put your financial house in order insures the necessary funds are in place, reducing your stress level and allowing you to focus on taking care of the problem at hand.
Photo: This Next