Medical Expenses Financing
Check offers in seconds
Get pre-qualified for loan offers with an easy online form
Won't impact your credit
Checking offers will not impact your credit score
Competitive payment options
Funding up to $100,000 and APRs as low as 4.99%1
Receive funds quickly
Medical Expense Loans
Our health is a top priority. But unfortunately, health comes at a cost. If you have found yourself having to choose between your health and your finances, you may be in need of medical expenses financing.
Quick. Simple. Secure.
How To Apply For Medical Expenses Financing
Fill out easy online form to check for pre-qualified offers with no impact to your credit score
Compare terms and payment options to select offer that’s best for you
Complete application process on your selected lender’s website
After loan approval, your funds should arrive within 1-2 business days2
COMPARE RATES FROM TOP LENDERS
“The process couldn’t have been any easier. I filled out a short form that took me less than 2 minutes and within seconds I got multiple offers from lenders.”
- Mike T. (TN)
“It was important to me that I could review my offers without any impact to my credit score, before deciding on the best loan option.”
- Carol R (FL)
“I like the easy online and 100% paperless experience of Acorn Finance. I received my money two days after completing my application.”
- Bob S (WI)
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FREQUENTLY ASKED QUESTIONS
Learn More About Medical Expenses Financing
Keep reading to learn more.
Read more - FAQ
Is there such a thing as a medical loan?
Medical loans can be used for a variety of healthcare expenses including insurance premiums, hospital bills, prescription medications, surgical procedures, and dental care.
What is a medical loan?
A medical loan may be offered through your doctor’s office, a healthcare financing company, your local bank or credit union, or an online lender such as LightStream, Upgrade, or SoFi. At Acorn Finance you can check offers from top national online lenders within 60 seconds or less. The best part – your credit score will not be impacted.
Medical loans offer another alternative to using cash or credit cards for your medical bills.
How do you finance medical expenses?
You can finance your major or minor medical expenses a number of different ways including a credit card, healthcare credit card such as CareCredit, personal loan, home equity line of credit, home equity loan, or even in-house loans and payment plans offered by your doctor’s office.
Similarly, you can use a Health Savings Account (HSA) or Flexible Spending Account (FSA) if you have one offered through your employer. These accounts allow you to use money contributed before taxes for eligible healthcare expenses.
What credit score is needed for medical financing?
Online lenders are more likely to approve consumers with bad credit. For example, the online lender Upgrade offers unsecured personal loans to applicants with credit scores as low as 560.
Can I pay a medical loan with my HSA?
This is because payments made to reduce the balance of a credit card or loan are not qualified medical expenses but reimbursing yourself for out-of-pocket medical costs originally paid with the credit card or loan can be (as long as the expense was incurred after you opened the HSA).
In addition, you will not be able to use your HSA balance to pay any of the interest or fees associated with the loan or credit card.
How do medical procedures make money?
Can I get a medical loan with a 500 credit score?
If you have a credit score of 500, this is likely going to be too low for approval. While you can try, you may be better off trying to improve your credit first.
Thankfully, applicants with poor credit may still be able to get a medical loan if they can find a friend or family member who is willing to cosign for them. When you use a cosigner, the credit score and other qualifying information of that individual is used to help you obtain the loan.
Can I get a medical credit card with bad credit?
However, you may be able to obtain a medical credit card even with moderately bad credit.
Healthcare credit cards to consider include CareCredit, the Wells Fargo Health Advantage card, and the AccessOne MedCard. Each of these financial institutions has their own list of qualifications for approval. For example, CareCredit has been reported to approve applicants with scores as low as 600. Some lenders such as AccessOne do not run your credit at all.
If you are able to find and qualify for a card with a 0% introductory APR, this can be one of the best ways to finance medical expenses as long as you pay off the balance in a timely manner.
How can I get a loan for surgery?
So just how do you find the best loan for surgery without spending tons of time? Acorn Finance. It’s easy. Simply fill out the form online and receive personalized loan offers within 60 seconds or less. With no impact to your credit score, you really have nothing to lose – and everything to gain.
Can you pay a medical loan in installments?
What are the pros & cons of medical financing?
On the other hand, some forms of financing can come with high interest rates, and scams are common. Consumers must be careful not to be taken advantage of by predatory lenders.
Before choosing a financing offer, make sure you have done your homework. Time crunch or not, you should start by comparing offers at Acorn Finance.
Need medical expenses financing? Check offers now!
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