Bad Credit Medical Lender
Having bad credit should prevent you from getting medical treatments. Even with bad credit, you can obtain a medical loan. Pay My Medical.com is a trusted bad credit medical lender that specializes in providing medical financing for individuals with bad credit.
From medical issues to emergency treatments, we provide you with the funds you need to meet your medical needs while having bad credit. Even if you need medical treatment for an illness or serious injury, we are the ideal bad credit medical lender to turn to. We will provide you with the medical financing you need quickly and painlessly.
What Credit Score Do You Need For A Medical Loan?
Medical loans are likely the most expensive way to cover your medical costs, and qualifying for the loan can be quite challenging. To qualify for a medical loan, you will be required to have a very good or a particular credit score. The higher your credit score, the lower the interest rate you can expect to be offered. However, the credit score needed for a medical loan is not a straight answer; the answer is not definite as the score depends on the lender.
Each lender has its credit score requirements. Below are examples of lenders and the minimum credit score you need to get a medical loan. SoFi – 680, Earnest – 680, Upstart – 620, Prosper – 640, Lending tree – 500, Avant – 600, Net Credit – 500.
Generally, a good credit score can be categorized as between 670 – 739, while 740+ as excellent by lenders.
How Do I Find A Bad Credit Medical Lender?
Getting a medical loan when you have poor credit can seem impossible, but it can be done, though the interest is usually higher because the lender is also taking a greater risk. Below are ways to find a bad credit medical lender:
Ask Around For Recommendations: Having a bad credit score is not good, and can affect the chances of getting qualified for medical loans. However, that doesn’t mean one cannot still get a loan with bad credit. You can consider asking around from family, friends, or colleagues that have probably been in this situation before. They might have worked with some medical lenders. Chances are they can recommend one that you can try.
Check With A Medical Personnel: Well, you can also ask for a referral from medical personnel, or maybe a doctor you do visit. They might have heard of or had patients with bad credit before and might have also heard of different lenders before from experience.
Check Online: When finding a bad credit medical lender, you can also consider checking online, chances are you would find one. Peer-to-peer lending, also known as P2P lending is an online platform that allows you to get a bad credit loan.
Contact Us Today!
Contact us today at Pay My Medical.com if you have bad credit and have to pay for medical treatment. We will offer you the right financing options you need to meet your medical treatment needs. With this, you can derive the financial peace of mind you deserve.