Types of Medical Expenses LendingUSA Finances:
The LendingUSA easy medical financing program is fast and affordable and it covers all expenses related to medical procedures, surgeries, medical bills, and any out-of-pocket costs for prescriptions and medical supplies. If you have medical bills, even after your insurance provider has paid their portion, or you have a high-deductible bill, you can use medical financing through LendingUSA to cover any type of medical bill, both past or present.
If you have an upcoming medical procedure or surgery that insurance will not cover the entire cost, then LendingUSA could be an excellent financing option for you to cover those out-of-pocket expenses that your insurance provider will not cover.
Also, if your surgery or medical procedure has a lot of after-care expenses that include prescription drugs, bandages, special creams or ointments, those after-care supply costs can start to add up quickly depending on the procedure. Pay for all of your aftercare costs with one easy personal loan from LendingUSA. Because LendingUSA understands the importance of wellness, we offer 0% interest for balances paid within 6-months of the disbursement date.
Even if you do not pay off the loan principal in the first 6-months, enjoy what may be much lower APRs than using a credit card to pay for your medical expenses. There is no penalty for paying your loan off before the end of the loan repayment period, so feel free to pay as much on the loan as you can to limit the amount of interest that is accrued.
What type of medical procedures does LendingUSA financing cover?
Medical financing through LendingUSA can cover the upfront costs of any medical procedure, surgery, medical bill, or medical expense that you may have. A medical loan most often comes in the form of an unsecured personal loan. Therefore, once the money hits your account, you are free to spend the money on anything you choose. Whether you are having a knee replacement or an elective cosmetic surgery, it does not matter. Medical financing through LendingUSA can be used for any number of medical procedures, including:
- Appendectomy: The surgical removal of the appendix.
- Breast biopsy: A diagnostic test that removes tissue and/or cells from the breast for examination under a microscope. A needle biopsy and/or a lumpectomy may also take place during this procedure.
- Carotid endarterectomy: A surgical procedure to remove the blockage from the carotid arteries that if left untreated could prevent blood from flowing to the brain and cause a stroke.
- Cosmetic surgery: Cosmetic surgery is used to restructure the face, increase or reduce breast size, reduce body fat, as well as a number of other implant or restructuring procedures.
- Cataract surgery: The surgical removal of a cloudy lens in the eye that is replaced with a clear artificial lens implant.
- Cesarean section: Surgical delivery of a bay by an incision through the mother’s abdomen and uterus.
- Low back pain surgery: Low back surgery is considered when all other methods to promote healing and natural pain reduction have been exhausted.
- Tonsillectomy: Surgical removal of one or both of the tonsils.
These are just a few of the many types of surgeries and medical procedures that can be paid for with medical financing from LendingUSA. In addition, you may need to borrow some extra money for living expenses while you recover. You could instantly pre qualify for up to $12,000 in the form of an unsecured personal loan to cover some or all of the costs associated with any type of medical procedure that you need.
Can I get a loan for medical bills?
Yes, getting a loan for medical bills is a common occurrence that many Americans find as a convenient way to cover any out-of-pocket medical expenses that are not covered by their health insurance. In some cases, a patient may not have health insurance. Whether you have health insurance or not, you can use a loan for medical bills.
You could instantly pre qualify for up to $12,000 with LendingUSA to cover any medical expenses you may have. The process to pre qualify is quick, simple, and has no impact on your credit score. You can see how much you qualify for and at what interest rates by having LendingUSA complete a “soft pull” credit check of your credit history. A soft pull credit check allows lenders to get a snapshot of your credit score and credit history without having a hard inquiry hit your credit report. A hard inquiry will only go on your record once you agree to the LendingUSA offer and you decide to go ahead with the loan application process.
After you pre qualify, you can then see what kind of interest rates you will pay and if there are any other applicable fees that you need to be aware of. If you want to go ahead with the medical financing through LendingUSA, go ahead and complete the rest of the loan application process. Once the application is approved, you could see the money in your account in as little as 24-hours.
Can you get a medical loan with bad credit?
Even if you have bad credit, you could still get a medical loan. Medical expenses are not reserved only for people with good credit, and if you have bad credit, you may not have the means to pay for your medical bills. With a medical personal loan through LendingUSA, you can get the upfront funds you need to cover part or all of any medical expense and then pay that amount off over time.
Some lenders, including LendingUSA, require a minimum credit score of 620 to qualify for an unsecured personal loan. Some lenders require a 580. That being said, if you have bad credit and want to know if you can qualify for a medical loan, you may want to ask the lender of your choice what their credit score requirement is. You may be able to qualify for a medical loan at LendingUSA, and with no credit check to apply, it’s worth trying.
How do I qualify for a medical loan?
You can pre qualify for a medical loan in a matter of minutes and receive an answer seconds after your pre approval application has been processed through LendingUSA.
First, you will need to enter the loan amount you are looking for and the general service you are using the loan to pay for. There is a drop-down menu with some general service types that medical loans are typically used for. Select one once you have entered the loan amount.
Next, you will need to enter in some personal information including your name and address. Also, you will be asked for some contact information as well as some basics about your employment status and your financial situation.
Last, you will give LendingUSA consent to complete a “soft pull” credit check on you to see if you can qualify for the loan amount you have requested. You will then be able to see what rates you can qualify for and what your monthly payments may be. The entire process takes only a few minutes and it has no impact on your credit score.
Should I take out a loan to pay medical bills?
Taking out a loan to pay medical bills may be your best option to cover medical bills or related expenses. When you take a loan out of any sort, you should always conduct a cost-benefit analysis to determine if financing is the best option available to you. To many it is, for some, it may not be.
What happens if I don’t pay a medical bill?
You should always try to pay your medical bills with the care provider or hospital where you received your procedure. If you cannot pay, contact the billing department to see if they can make some sort of payment plan option available to you. If you do not take any action at all, the medical debt will most likely be sold to a debt collection agency, which can damage your credit score. Once the debt is in collections, you will have to work with the agency to make a payment plan of some sort, or to make a settlement offer.
What credit score do you need to get approved for medical financing?
Often, medical financing in the form of an unsecured personal loan requires a minimum credit score of 620, depending on the lender. Some lenders will accept credit scores of 580. At LendingUSA, we suggest that you complete the pre qualification process on our website no matter what your credit score is. This way you will have a definitive answer to whether or not you can qualify for a medical loan based on your current credit profile.