Compassionate Finance was founded to service those who need assistance with medical expenses but do not have the financial ability to do so when the concern arises. With a personal loan from Compassionate Finance, patients can receive the medical attention they need without having to pay the bill immediately. There are qualifications that need to be met on behalf of the individual prior to receiving a personal loan through Compassionate Finance, but the process prior to enrollment is kept relatively simple.
Compassionate Finance is a lender that provides simple and flexible financing solutions to help patients overcome the financial burdens of healthcare. Through affordable monthly payments, Compassionate Finance makes it easy for individuals to receive the care they need without having to stress the immediate effects of healthcare expenses. If you are looking for medical loans but are worried that you will not qualify because you have a bad credit score, Compassionate Finance is a great place for you. The only strict requirement that exists according to advertiser disclosure is the existence of an active bank account. A borrower only needs to prove the existence of such an account and medical expenses will then be eligible for funding.
Health Insurance will not always cover procedures which is where Compassionate Finance comes into play. Whether necessary or aesthetic, Compassionate Finance may be able to cover the qualified procedure.
Some payment plan amounts are determined by the specific procedure or treatment that you receive from your healthcare provider. The interest rate given to each customer and other fees included are unique to each customer. Financing options are offered for individuals in any circumstance. Currently Compassionate Finance does not advertise origination fees.
Compassionate Finance claims to have no hidden fees. This should help reduce the costs of medical bills and make medical loans more manageable. The process of approval should take between 30 seconds and one minute. Once approved, repayment terms are negotiable before the personal loan is given.
While Compassionate Finance will look at each individual case, there are common procedures that are typically funded and covered. These procedures include:
There still may be other health procedures that result in large medical bills that Compassionate Finance can help cover. Listed above are strictly common procedures that are financed on a regular basis. To find out if a health procedure can be covered by Compassionate Finance, the individual/patient will need to consult loan servicer directly.
Since each case is analyzed on an individual basis, Compassionate Finance does not disclose typical or average interest rates or additional costs of repayment. A number of factors will go into determining aspects of the loan amounts and loan term. A few of them are: the Annual Percentage Rate, credit score, credit history, and loan amounts requested.
Those who decide to get a personal loan from Compassionate Finance to fund their medical expenses will need to use a doctor or dentist that accepts the company's terms. That means an individual cannot go to just any medical providers, they will need to use a provider found within the Compassionate Finance network. Identifying medical providers is simple, but it can be limiting since the patient will only be able to select from pre-approved doctors or dentists.