How to Get Dental Financing With Bad Credit

Posted on: July 30, 2020 | Dentists Las Vegas

Investing in high-quality dental care means investing in your health as well as your appearance. However, some dental procedures can be expensive, and these can be difficult to cover on a tight budget. Loans and credit cards can also be challenging if you have bad credit. However, there are ways to get dental financing with bad credit.

How to Get Dental Financing With Bad Credit

Bad credit, or a credit score that is below 670, can add many obstacles to your life. It can be difficult to get a loan, credit card or to make large purchases. When this becomes barrier to medical treatment, it can be even more stressful. Bad credit should not be an obstacle to get the care that you need. Consider these ways to get dental financing with bad credit. With careful budgeting and attention to the fine print, you can get the dental care you need without overpaying.

Payment Plans

Many dental offices offer payment plans for expensive procedures. This allows you to spread out the costs of braces, dental implants, a root canal or other procedures. You can make payments over several months and get dental financing even if you have bad credit, while still avoiding risky loans. Different offices may have different credit requirements, payment limits and interest plans. Read the offer carefully to be sure that you clearly understand the terms.

Credit Card

For some smaller dental expenses, such as getting a tooth pulled or a cavity filled, a credit card might be a good dental financial option with bad credit. This will allow you to cover the expense initially and spread the payments out over time. Some dentist offices will even offer credit cards directly through their office to cover the costs of dental expenses. However, be wary of high interest rates that can make the expense unmanageable. Try to budget throughout the payment period to pay off the expense quickly.

Dental Loan

About 23% of the population doesn’t have dental benefits, and dental loans are a viable option for many people to get dental financing in Las Vegas. These are offered by private companies specializing in medical loans, and provide their own credit limits and terms. Some of these can be more favorable than credit card interest rates and are generally preferred for larger dental bills, such as Invisalign or braces.

Personal Loan

A personal loan from friends and family can help you get dental financing with bad credit. This can help you avoid high interest rates, but it can put strain on your relationships. It can be helpful to make these terms clear and put the agreement in writing, so there is no confusion or frustrations.

Health Savings Account

A health savings account can help you save money for dental expenses and also reduce your taxes. This will require saving up money beforehand and taking money out of your paycheck each period, but it will also allow you to avoid paying interest rates. Since money deposited into a health savings account also reduces your tax liability, it will even help you save money. If a health savings account is available to you, either through your employer or through a private company, this can be one of the best ways to finance dental work with bad credit.

For the 2020 tax year, tax code allows each individual to deduct up to $1,350 and families to deduct up to $2,700. Deductions for health savings accounts can only be used if you have a High Deductible Health Plan (HDHP). Different health savings accounts work differently, and may cover different procedures. Make sure you have a detailed understanding of the requirements and limitations of your health savings account before using it for dental financing.

It is possible to get dental financing with bad credit. When considering personal loans, credit cards and other financing options, be sure to read the fine print and have a full understanding of how each agreement works before using it. This way, you can get the care that you need without overextending your budget or paying hidden fees.


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