Dental Loan Financing With Bad Credit
Dental procedures can be expensive and even if you have insurance, many procedures or fees may not be covered. If your credit is not good, secure a loan for the balance of the dental procedure may be difficult. Do not be discouraged if you do not have a good credit, because there are options available to help finance your dental work.
Guaranteed Dental Financing options exist, even if you have bad credit or even no credit. Dental procedures are extremely expensive – major procedures, such as numerous root canals, easily run into the three to five thousand dollars — so being able to tap into guaranteed dental financing is a godsend. Especially when you consider that many Americans don’t have dental insurance.
So where to start looking for lenders that offer dental financing? Actually, there are several places, and one of best places to start looking is online. There are many specialized loan companies and loan micro sites specifically designed to provide consumers with convenient dental payment plans that can pay for medical and dental surgery. Many will work with your dentist’s office directly to help you out, even if you happen to have less than perfect credit.
Negotiate a payment plan with your dentist. Inquire about a payment plan that will allow you to make payments to the dentist for the balance of your service. If the dentist agrees to a payment plan, consider placing a down payment on your balance to show your willingness to pay. Inquire about in-house financing that many dentist offices have available to their patients that is not dependent on your credit status.
Obtain a payday loan. You can obtain a payday loan without a credit check. You must show proof of a valid checking account and substantial income based on the amount that you are requesting. Expect the payday loan balance to be due in two weeks on your next payday. Most payday loan companies offer an extension on the due date, but a fee is charged. You may apply online for many payday loans, and the money is deposited directly into your checking account.
Obtain a high interest loan. Some companies cater to individuals with bad credit, and charge higher than normal interest rates. Inquire about reduced interest rates if you make more than the minimum payment.
Obtain a loan using a co-signer. Seek the help of a friend or relative who may have good credit and use them as a co-signer to secure a loan. Using a co-signer that has good credit can help you obtain a loan at a low interest rate.