Why Take Out A Personal Loan?

Published on May 30th, 2017

Understanding how to budget and what kinds of expenses to prioritize and save for can be difficult. Many people enter into financial independence with very little training or education in how to handle their own finances. However, this is exactly why smart financial institutions like Leyden Credit Union exist–to give our member the tools necessary to make smart decisions. And part of that counseling is to help our members understand how personal loans in Schiller Park can benefit them.

Personal loans are taken out for a variety of reasons and do not at all imply financial insecurity. In fact, personal loans can be long-term investments in goods and services that will serve you for years to come. Many times, a Personal Loan can work better than a credit card as our personal loans have a defined term, unlike a credit card where you may be paying for an extended period. Here are some of the most common reasons our members at Leyden Credit Union take out personal loans in Schiller Park.


The season of weddings is fast approaching and those events are not cheap. Taking out a personal loan to fund a wedding or similarly large event is extremely common. We know that a new marriage deserves a fabulous celebration, which is why we offer personal loans in Schiller Park to help fund it.

Home Improvement

A comfortable and functioning home is essential to our members and we want to make sure they have the opportunity to have it. Home improvement projects or even home maintenance emergencies are common reasons our members take out personal loans in Schiller Park. Life happens, and when it does, Leyden Credit Union is here to help.

Vehicle Expenses

One of the most common reasons people take out personal loans in Schiller Park is for vehicle-related expenses. Whether it be repairing an old vehicle or just funding unexpected maintenance, a personal loan can provide the financial assistance you need in a pinch.

Medical Bills

Medical bills can be some of the most unexpected and devastating expenses incurred by individuals and their families. Fortunately, personal loans are frequently taken out to help cover these expenses.

Leyden Credit Union wants to be a resource to you when you need it the most, and personal loans in Schiller Park can do just that. Come and discuss your loan options with a Financial Services Representative. Contact us today to discuss your financial needs. We proudly serve members in the following areas: Franklin Park, Schiller Park, River Grove, Melrose Park, Elmwood Park, Elmhurst, Northlake, as well as the townships of Leyden, Addison, Elk Grove, Lyons, Maine, Proviso, and York.

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