Pet Financing For Good & Bad Credit – Veterinary Loans

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Pet Financing

Pet financing and loans can provide an affordable solution for covering emergency vet bills, routine healthcare, surgeries, or just about anything else your four-legged or maybe even three-legged friend needs. Pets are often like children, we love them unconditionally and want to give them the best life possible. Afterall, most pets don’t outlive their humans making their quality of life even more important. When you look into your pets loving yet needy eyes, it’s easy to fall more and more in love with every glance. However, pets can be expensive. This is where pet financing and pet insurance comes in. Whether you have good credit or bad credit you can take a loan for vet bills and other pet-related expenses. But first, you’ll need to apply for a pet loan. Keep reading to learn more about pet financing. Expand

What is pet financing?

Pet financing can provide pet owners with the funds they need to cover vet bills or other pet-related expenses. Some companies such as CareCredit offer pet financing with special deferred interest options. Good and bad credit borrowers can qualify for CareCredit. However, they only offer up to $2,000 and only certain veterinarians accept CareCredit. In addition, after the short promotional period expires customers can be charged high interest rates. Pet owners that need to borrow thousands of dollars with affordable monthly payments should consider using a personal loan. Personal loans offer pet owners the funds they need in a lump sum that can be repaid monthly with interest. Pet owners can qualify for a personal loan up to $100,000 with rates starting at just 3.99% and terms up to 12 years. PrimeRates can help pet owners find the best personal loan offer within minutes without affecting their credit score. PrimeRates has multiple lending partners that can fund loans as soon as 24 hours.

How does pet financing work?

Most types of pet financing can provide the funds you need upfront to pay for pet-related expenses. Just like any other loan, pet owners will be required to repay the money over a certain term. Unless you use a 0% promotional offer, you can expect to pay interest on the money you borrow. Pet owners that use a 0% promotional period should read the fine print carefully. In some cases interest can accrue during the promotional period. If you do not pay the balance off within the promotional period you may be back charged for interest.

What are the reasons to apply for pet financing?

If your pet needs something and you do not have the cash available, you should apply for pet financing. Some of the most common reasons to apply for pet financing include the following:

Pet Surgeries

Some of the most common types of pet surgeries are spaying and neutering, dental surgery, hip dysplasia surgery, internal surgery, cancer removal, and cataract surgery. Pet surgeries can range from a few hundred dollars all the way up to thousands of dollars. In some cases, pets may need more than one surgery. Pet financing can be used to pay for pet surgeries.

Pet Medical Expenses

Even the healthiest of pets can get sick causing surprise medical expenses. In addition, all pets need routine checkups and procedures to keep them healthy. From dental cleanings to ear infections, pet owners can rack up an expensive bill fast. In some cases, pet owners have time to save and prepare for upcoming pet medical expenses. However, in most cases pet medical expenses can come as a surprise. Pet financing can be used to pay for pet medical expenses.

Prescriptions

Prescriptions for your pet can be just as expensive as prescriptions for a human. In fact, many pet prescriptions come from the regular pharmacy. If you have pet insurance it may cover all or some of the cost of prescriptions. Pet owners that need help paying for prescriptions can use pet financing.

Animal Behavior training

Animal behavior training can help pet owners manage, modify, and prevent problem behavior in pets. Enrolling your pet in behavior training can be beneficial for you and your pet. However, animal behavior training can be expensive. Private training can cost between $45 to $120+ per hour. Most pets and pet owners will need several classes adding up to hundreds or thousands of dollars. Pet financing can be used to pay for animal behavior training.

What types of pet financing options are available?

Pet owners have a few pet financing options available. Throughout your pets life you may need to use one or more of the following financing options. Therefore, it’s important to be aware of your options so you can make educated decisions during stressful times. Let’s take a look at different types of pet financing options that are available. . .

Personal loans

Personal loans for pet financing are available for all credit types. Compared to other options, personal loans can offer more affordable monthly payments and higher loan amounts. In addition, unsecured personal loans do not require collateral or a down payment. Most personal loans have fixed interest rates making them easy to manage with predictable monthly payments. Pet owners can apply for a personal loan through PrimeRates. PrimeRates has top-rated lending partners that specialize in personal loans for pet financing and emergencies. Individuals can receive multiple personalized personal loan offers within minutes. This gives individuals the chance to review offers and select the best one. When you need money quickly, you most likely do not have time to shop around for the best deal. PrimeRates can help you make sure that you get the best deal on a time crunch.

Pet Insurance

We strongly recommend getting pet insurance. However, it’s extremely important to pay attention to what your policy covers. Some pet insurance policies only cover routine maintenance or excludes certain treatments or procedures. In addition, pet insurance may not cover the entire bill, even once you have met your deductible. Some pet insurance companies only cover a percentage of the bill. If you have an older pet it may be difficult to find pet insurance for a reasonable price. Additionally, if your pet has a pre-existing condition most pet insurance companies will not cover the pre-existing condition. Even if you have pet insurance you may still need financing to cover any costs that your pet insurance does not.

Credit Cards

If you are going to use a credit card for pet financing you should use a lender that specializes in pet financing. Earlier we mentioned CareCredit; a top-rated credit card that offers a promotional 0% interest period. While other credit card companies may offer promotional periods, we recommend CareCredit for pet owners. Before applying for CareCredit you should make sure the veterinarian accepts it. CareCredit offers 0% interest on 6, 12, and 18 month terms with a minimum purchase of $200. If you use one of these terms you’ll need to make the minimum monthly payment. Some individuals may qualify for a 24 month 0% promotion if they can pay the balance in full within the 24 months.

What are the requirements to qualify for pet financing?

Whether you have good credit or bad credit you can qualify for pet financing. Specific requirements can vary from lender to lender. Some of the minimum requirements for pet financing offered through PrimeRates includes. . .

Credit score of 620 or higher
Consistent income
Reasonable debt-to-income ratio

What is the Best Way to Finance Vet Bill Loans & Other Pet Related Expenses?

If you need to finance $1,000 or less we recommend using a credit card with a promotional period. For vet bills and pet-related expenses over $1,000 you should use a personal loan. Most personal loan lenders have a minimum loan amount of at least $1,000. Pet owners that want to save time and money while obtaining the best pet financing should visit PrimeRates. PrimeRates makes getting the best pet financing deal easy so you can focus on your pet and get them the medical care they need.

How to apply for a pet loan

Pet owners that want to apply for a personal loan for pet financing should decide if they want to use a bank, credit union, or online lender. Online lenders typically offer a faster application and approval process that is 100% online. Most online lenders offer competitive rates and terms and have less strict requirements. Here are 3 easy steps to apply for pet financing through PrimeRates. . .

#1. Submit easy online application

#2. Select the best pet financing offer

#3. Receive funds quickly

Conclusion

In conclusion, pet financing can help pet owners pay for pet-related expenses and emergencies. The worst feeling in the world is being unable to provide the care your pet needs due to financial reasons. Getting pre-qualified for pet financing can help you make sure you are always able to provide for your pet. If you are looking to use a personal loan for pet financing you can apply online through PrimeRates. If you are not ready to apply, PrimeRates allows you to view various lenders and their advertised rates, terms, and loan amounts. Applying for a personal loan through PrimeRates will not affect your credit score.

Get pre-qualified for pet financing. . . apply online today!

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Pet Financing – Veterinary Loans