How to Get Dental Financing With Bad Credit
Do you have bad credit and fear that it will stop you from qualifying for dental financing? Are you in dire need of improving your credit score? If you are unsure about where to start or what your options are, you have come to the right place. Surprisingly, there are many ways you can get dental financing these days, even if you have bad credit.
What is Dental Financing?
Dental financing loans are similar to personal loans–specifically for dental expenses. However, these loans can generally cover just about any medical expense. Dental loans are unsecured loans, which means a lender has the right to take back their offer if you default on a loan. Dental loans are also less expensive compared to other types of loans.
What Can a Dental Loan Pay For?
When it comes to dental loans, this can range from root canals to even cosmetic procedures, which insurance companies do not cover. Dental procedures of any kind are not cheap.
- X-Ray/Cleaning: Up to $600
- Root Canal on a Molar Tooth: Up to $2,000
- Porcelain Crown: Up to $3,000
- Veneers: Up to $2,500
- Teeth Whitening: $500
A lot of the procedures above can be expensive, depending on your budget and what you can afford. When you sign up for medical financing, these prices can be cut drastically and split into separate monthly payments at an affordable rate specifically for you. Instead of paying $2,500 upfront for veneers, you could be paying approximately $208.33 a month for 12 months. It may seem like a long time, but it will be easier on your wallet.
Dental Loans for Bad Credit
Usually, you can only get dental loans if you have excellent or good credit, but these days, getting dental loans has become much easier for those with bad credit. People with bad credit need dentists just as much as those with good credit. As a result, there has been an expansion of medical financing companies that have partnered up with doctors, dentists, and other medical providers to assist patients in financing their medical hardships. One of these companies is Denefits. This company is perhaps one of the best to choose from because they can assist you by sending you a dental loan that is affordable, easy, and reasonably priced. Denefits runs no credit checks, and they do not rely on your credit score in determining if you are eligible for a finance plan. The amount of money on your loan does not depend on your credit. You can choose from multiple payment options that help your financial situation and suit your wallet as well. On top of all these great aspects, enrolling with Denefits will also allow you to build your credit.
Bad Credit Payment Plans
Many dental procedures can be expensive, sometimes even more so than other medical procedures. Dental Implants for example can range all the way up to $50,000. A major procedure on one single tooth can be as costly as $6,500. But why worry about that, when you can enroll in a patient medical finance plan with a company like Denefits? They can set you up on as long as a ten-year financing plan, and negotiate affordable monthly payments for you so you can live your life healthy, and stress-free. Get in touch with a Denefits team member today, so you can get on the best affordable payment plan that’s right for you.