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Blog Post

Paying for Vet Bills With a Short-Term Personal Loan

  • By Admin
  • 29 Aug, 2018
Financial statement on office table
Getting hit with an unexpected vet bill can be terrifying. Though pets can be like family members, you may have difficulty going through with some of your pets' medical procedures if you simply don't have the money to pay. Many vets aren't going to perform a surgery or treatment unless they are able to be paid upfront. That means you might need to get creative with your financing.

The Advantages of a Short-Term Personal Loan

A short-term personal loan is a loan taken out from a lender and deposited into your bank account within 24 hours. Some loans can be fulfilled within just a few hours. These loans usually aren't for more than a few thousand dollars, but they can be enough to pay off an unexpected vet bill. You can apply for a short-term loan online or through the phone to try to procure funding fast.

Short-term loans are different from regular personal loans because they are usually paid back within a few months. The personal loan also doesn't require a good credit score or solid financial history. Your loan will be guaranteed based on the amount of income you make, rather than your credit report. The trade off is that you may pay more in terms of interest, but you'll be able to get a loan right away.

Getting a short-term personal loan means that you can get your pet treatment fast. This is an ideal option if you feel that you can pay the loan back within the next few paydays. If you can't get your pet treatment fast, their situation may worsen. Not only may they be in discomfort or pain, but the treatment could ultimately be more expensive later on due to the waiting.

What Are the Other Options?

Short-term personal loans aren't the only available options, but there are things that distinguish them from all of the alternatives. Here are a few of the most common alternatives to a short-term personal loan, in addition to what may make them less optimal:
  • Credit cards : Credit cards often have high interest rates. Even if a credit card has a low interest rate now, the interest rate could increase dramatically if you miss even a single payment. If you already have maxed out your credit cards, you also may not be able to get a new credit line for a while.
  • Installment plans : Some vets will offer installment plans. This is usually only an option if you have had a lengthy relationship with the vet. This can be the best option if it's available, but it's very rarely available, especially with emergency vets. Vets are more likely to offer a medical credit line than an installment plan, discussed below.
  • Medical credit lines : Medical credit lines like CareCredit have become popular ways to pay off medical debts, including veterinary costs. However, CareCredit does require that you have a decent credit score. Further, if you've already maxed out your CareCredit, you will have a hard time getting an increase with your credit score.
  • Personal loans : Personal loans from banks will have lower interest rates and longer terms than a short-term personal loan. However, that usually requires that you have a very good credit score, because these loans are unsecured.
  • Title loans : Title loans can be taken out against your vehicle if you own your own vehicle, but your car could be repossessed if you don't pay it back on time.
If you have excellent credit and a lengthy credit history, you may have numerous options available to you. Unfortunately, many people are not in this position.

Do you need a short-term personal loan now? Whether it's for vet bills or other expenses, you can get a short - term loan in a matter of hours by contacting an online personal lender. Fill out your application with Central Finance today.

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When discounted shopping deals come out around November and December, many people use the deals and savings to shop for the holidays, but there are numerous ways to turn the deals into savings that can be spread out all throughout the year.

If you do not have enough money saved up for holiday shopping, then consider a small loan to help cover purchases. With some proper planning and tips, you can save even more money than the loan amount covers. Learn how to take advantage of the deals and get the most out of your holiday shopping.

Everyday Gift Card Deals

The holiday shopping season is a good time to stock up on gift cards. Gift card deals may include a variety of promotions and discounts. For example, you may get to purchase a gift card at a certain percentage off.

Many stores will offer free gift cards with the purchase of other items. You can save the gift cards and use them throughout the year. For example, if you purchase an item from a big box store you wanted for the holidays, save the gift card for everyday things like groceries.

If stores offer deals on gift cards, purchase gift cards you will use for various needs. The savings quickly add up. For example if you purchase a 100 dollar gift card at 10 percent off, then you will save ten dollars on the purchase. Then if you use the gift card to purchase items on sale in the future, you stack the savings on top of each other.

Household Items

The holiday shopping season is a great time to save up on a variety of household goods. On the smaller end, you have the option to purchase items like towels, washcloths, pillows, and sponges. The items will be heavily discounted at a variety of stores. The use of a loan can help cover the purchase price instead of paying more money for the items down the line.

You may find you need a bigger purchase like a kitchen appliance. If appliances like refrigerators or dishwashers need replacement soon, you do not need to wait until the appliance breaks. Take advantage of the sale prices so you do not pay more in the long run.

If you end up saving hundreds of dollars on an appliance, then the savings will be worth getting a loan for. You may even find good deals on a variety of furniture. If you are in need of a good table, chair, or couch, shop the deals and compare with original prices to ensure you get the biggest discounts.

Rewards Cash & Rebates

Even if you cannot find gift card deals for stores you prefer to shop at, many stores offer rewards cash or rebates for purchases. The key to getting the most out of rewards cash is with the purchase of items you will actually use as opposed to just buying items to get the rewards cash.

For example, in department stores and clothing stores offering discounts, purchase items you will need like socks and underwear. Use the rewards cash in the future for shoes or clothes as needed.

Rebates are another ideal option and a great way to use a small loan for big savings in the future. Make practical purchases for everyday items and you can spend enough for rebates and cash-back offers. A lot of rebates are now paid out with prepaid debit cards. With the cards, you have the option to spend the rebate money anywhere you choose.

For maximum savings, use the rebate cards on things like gas and groceries. The savings really add up throughout the year and you could save and earn back more than you actually spent. For more information on small loans and our application process, contact us at Central Finance. We can help you get set up with a loan in the days that lead up to your holiday shopping so you can plan all of your savings.

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