When Loans Get Personal

Life happens when you can least afford it. Come on, you know exactly what I mean. It seems like the worst – and most expensive – things happen at the most inconvenient times.

My husband and I are expecting our first child, which I hear can be rather expensive! In preparation for the little one, we’ve been very careful with our finances. Now, we may have one on the way, but we already have a fur-baby, a 2 year old Yorkie mix named Wrigley. Little Wrigley weighs in at a hefty 4.5 lbs and is pretty much convinced he’s a human. Yeah, that’s probably my fault.

Anyway, Wrigley fell severely ill from some sort of random bacteria. After three consecutive visits to the vet, we needed to take him to a 24/7 veterinary hospital. Our little guy had to stay under their care for about 48 hours. We were fortunate enough that we had access to money to cover this unexpected, but necessary cost. Although I couldn’t help but wonder what would have happened if we weren’t able to cover the cost…

Sure, the vet hospital has financing options, but I definitely wouldn’t have been comfortable going that route unless it was absolutely necessary. I needed a trusted PERSON I could talk to, especially in such an emotional state. What on Earth would we have done?

Wait, better question: What could Linn Area have done to help us out?

I spent a little bit of time with one of our financial counselors, JoAnn, to find out what would happen if someone such as myself would have called upon Linn Area for help.

JoAnn first reminded me that one of our strengths is that we are PEOPLE who get to know PEOPLE. She said that the first thing she would have done is listen to the entire story. Next she would have started asking questions about current accounts, loans and assets, searching for ways to help me get the lowest rate possible. One of the very first things she would look for is whether or not I had a current car loan (which I do!). Depending on how much I already had paid off, increasing or extending the loan might be a possibility. Another thought was that I could take out a small signature loan and set up automatic payments so that I didn’t have to worry about remembering to pay it at a certain time each month. I could also take out a Home Equity Line of Credit to cover my unexpected expenses. Even opening a credit card could be another solid option (imagine all those Rewards points if I went that route!).

I seriously couldn’t believe all the options we had available! And, remember, even if you’re not currently a member, Linn Area would be happy to help you! (Yes, you’d have to become a member, but that’s super easy!)

I was comforted to know that here at Linn Area Credit Union we truly will do whatever we can to help you out. Is it possible in every scenario? Unfortunately, no. But we will listen to your story, bend over backwards and hopefully it ends up mutually beneficial.

Oh, and just in case you’re wondering, Wrigley is back to his vibrant, healthy self again!