boatnam1 Posted September 7, 2006 Report Share Posted September 7, 2006 pretty set on getting the lap band,has anyone used the financing the clinic offers?if so which one? Link to comment Share on other sites More sharing options...
boatnam1 Posted September 7, 2006 Author Report Share Posted September 7, 2006 jeez everyone had 10k cash laying around for a lap band,i guess i will be the first to finance it.will let everyone know how it goes. Link to comment Share on other sites More sharing options...
Linda23585 Posted September 7, 2006 Report Share Posted September 7, 2006 jeez everyone had 10k cash laying around for a lap band,i guess i will be the first to finance it.will let everyone know how it goes. Hi, There have been some threads on here in the past about financing. I do know that there are companies who make loans for medical reasons. As I recall, the consensus was that the interest rate was too high. I think that most folks who financed decided to find a low interest credit card and put it on there. Hope this helps. Linda Link to comment Share on other sites More sharing options...
mommyrkr Posted September 7, 2006 Report Share Posted September 7, 2006 I looked into every loan option that was suggested by Dr. Ortiz's website. They were all much too high of an interest rate. I have decent credit, but for a four year loan, they wanted 22%. The rest were very similar. Since my husband is in school, we ended up getting a student loan to pay for it, at 8%. We also looked into opening a new credit card with a lower interest rate. But if we had not had another option to pay for this, I would have gone with the medical loan, despite it's interest rate. The payment was about $400 a month, and that would have been well worth it for me. Becki Link to comment Share on other sites More sharing options...
PAMMIE Posted September 7, 2006 Report Share Posted September 7, 2006 jeez everyone had 10k cash laying around for a lap band,i guess i will be the first to finance it.will let everyone know how it goes. I DIDN'T WANT TO TAKE OUT A LOAN NOR TAKE THE MONEY OUT OF "HOUSEHOLD FUNDS". THIS IS SOMETHING I WANTED TO PAY FOR FOR MEEEEE. I WORKED EXTRA HERE AND THERE FOR SEVERAL MONTHS. I HAD ALL BUT ABOUT A THOUSAND WHEN MY STEP MOM SHOWED UP WITH A 10K CHECK LOL WISH THAT WOULD HAPPEN EVERY WEEK Link to comment Share on other sites More sharing options...
Guest marys Posted September 7, 2006 Report Share Posted September 7, 2006 I too checked into lots of medical financing options (through another docs office tho -not ortiz) and it was terrible - not only did they bug the hell out of me but the interest was astronomical. My first choice would be home equity or personal loan thru your bank or credit union - the rates will be more reasonable as will the terms - Then, like Pammie, I would try to save a portion of it and if the bank doesn't work, look at one-three lower interest credit cards, max em out and pay them off - just be careful as cash advances are typicallly higher interest rate than purchases. Sure wish someone had given me a check for 10K - ha. I took a home equity and am paying back 150 interest only - i figure it will take me 4 years to pay it off and i've never had or plan to have a new car so i look at it like a car payment. I hope in 4 years i can be at goal for 2 and that will make me happy. Link to comment Share on other sites More sharing options...
boatnam1 Posted September 7, 2006 Author Report Share Posted September 7, 2006 thanks you girls,that helps me alot instead of getting a inquiry in my credit and them telling me 22% intrest i will look for alternate ways to do this.i may have to sell the harley to get the money but will try not to might be fun riding it skinny lol Link to comment Share on other sites More sharing options...
Littleroo27 Posted September 7, 2006 Report Share Posted September 7, 2006 thanks you girls,that helps me alot instead of getting a inquiry in my credit and them telling me 22% intrest i will look for alternate ways to do this.i may have to sell the harley to get the money but will try not to might be fun riding it skinny lol The rates will vary depending on your assets, of course, but for me I ended up deciding to do the low interest credit card thing - just make sure you have a FIXED APR!!! I talked to my bank and several different loan companies, but my visa ended up being the best option with the 7.99% APR. Plus, if you can pay it off in a year, a lot of companies offer 0% interest for the first 12 months on credit cards. try www.chase.com/creditcards. That's where mine is from and I've had really good luck. Link to comment Share on other sites More sharing options...
boatnam1 Posted September 7, 2006 Author Report Share Posted September 7, 2006 thanks for the info littleroo Link to comment Share on other sites More sharing options...
mysterymachine Posted September 8, 2006 Report Share Posted September 8, 2006 thanks for the info littleroo I too financed it and my interest rate wasn't 22% but wasn't too good either. I used surgeryloans.com Link to comment Share on other sites More sharing options...
LoriBecky Posted September 8, 2006 Report Share Posted September 8, 2006 I financed about half of my surgery through eloans. The interest rate wasn't so bad, but the "funding fee" is high, but I wanted the surgery now instead of later, so it was worth it to me. I think you need to weigh (hahaha) all your options and go with what works best for you. I think one of the reasons the rate and fee are higher is because it is surgery outside the U.S. and there are several medical loan companies that won't work with you at all on procedures out of the U.S. Link to comment Share on other sites More sharing options...
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