Dental care is very important if you want to have a healthy smile and avoid long-term health hazards such as the various kinds of oral cancer. Paying for that care can be a major problem, though, especially if your insurance doesn’t cover a specific procedure. Luckily, there are several different options for you to choose from when it comes to making your dental payments. Here are a few choices that can ease the financial burden and still leave you in great shape.
Ajeva is a small interest financing program that can help both the dental office and the patient. Because it doesn’t rely on a credit check much to determine financing, it allows those who would normally struggle with the credit process to get the financing and thus the level of care that they need. If the dental provider is enrolled, getting financing through Ajeva is as easy as going through the 15-minute enrollment process and then diving into the care plan outlined by the dentist.
Healthcare Credit Cards
While most credit cards leave their users struggling with high interest rates, healthcare credit card options provide some relief by giving patients a period where they pay 0% interest. Many of these options do not require a credit check, which can be helpful as well. On the other hand, you need to make sure to pay these cards off before the 0% rate period ends, which is usually after 12 to 18 months. If you haven’t paid off the card by this time, the interest hits all at once, which can be financially draining.
An equity loan is a payment option in which the person taking out the loan puts forth some sort of collateral. This collateral is often a vehicle, a home, or something else that would hypothetically be worth as much or more than the amount being borrowed. The bright side to these loans is that they provide low-interest options that are much easier to pay off than a typical high-rate credit card. On the other hand, you need to make sure to pay the bills promptly, or you could lose very valuable property.
Healthcare Installment Loans
Like healthcare credit cards, some banks and lending institutions offer installment loans to help pay for a dental procedure or series of procedures. These loans are usually easy to get even if you don’t have terrific credit. However, very few of them offer 0$ interest rate periods – for the most part, borrowers can expect to pay an APR of 9% or higher. If you don’t trust a healthcare credit card, this is a good alternate option. Unlike Ajeva, however, you will still wind up paying a significant amount of interest.
It’s best to know the pros and cons of the different options available to you before you make a final decision. Think about where you stand financially and then decide which option fits your short- and long-term needs. There are many ways to pay for a dental procedure, and all of them will help make sure your smile stays bright.