Jackson was worried about emergency expenses — now he’s covered with a HELOC from Fidelity Bank
Is your emergency fund lower than you’d like? Here’s what Jackson did…
When Jackson heard his neighbor’s water heater broke and learned how much the repairs cost, he panicked. He realized he didn’t have an emergency fund built up to pay for any unexpected home repairs. Jackson knew the roof on his house was pretty old and he’s worried about his low-performing central air unit. He thought he was doing financially well, but realized if an emergency popped up, he had limited options.
He could pay for expenses using a few different credit cards, but he was in the process of paying them down and not looking to pay more back in high interest charges. He didn’t want to touch his retirement funds either, so he set out to find a better option.
Jackson reached out to Fidelity Bank and found out he could get approved for a HELOC quickly and with a much lower interest rate than a credit card. He liked knowing that he had access to funds in case of an emergency, and would only have to pay back any money he ended up withdrawing. Jackson sleeps better at night now that he knows he’s covered.
Fidelity’s LifeDesign Banking approach provides you with the clarity and confidence you need to set you up for financial well-being.