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Medical Loan Bad Credit

If you need medical treatment but don’t have insurance, you’re often left to cover the costs of medical treatment out of pocket. Your options for assistance are limited if you have limited income, few assets or challenge d credit. In seeking a medical loan bad credit may make you an undesirable client for a bank. In many cases, LoanNow can help. We say yes to many applicants that banks turn down.

medical-loan-bad-creditBank Medical Loans

In submitting an application for a bank medical loan bad credit or even fair credit can be a deal breaker unless you can offer collateral or have a creditworthy co-signer.  Even if you have excellent credit, the process of applying for a bank loan can be painfully slow. If you’re dealing with a medical emergency, waiting weeks for a response may make it impossible to consider bank loans as an option.

Peer-to-Peer Medical Loans 

Peer-to-peer lenders leverage the Internet and the crowd funding model to create a “marketplace” of available borrowers for lenders to choose from. Within this model borrowers and lenders may be located nearly anywhere in the world. Many borrowers and lenders never meet or speak with each other.

Borrowers seeking medical loans from peer-to-peer lenders often receive positive attention and a number of potential lenders. However, in submitting an application for a peer-to-peer medical loan bad credit may eliminate you as a borrower. That’s because many peer-to-peer lenders require would-be borrowers to have FICO scores at least in the mid-600 range before allowing them to create profiles. Applicants with lower scores are almost always turned away.

On the other hand, many potential borrowers are put off by the intrusiveness of the process of peer-to-peer lending. Borrowers must post extensive profiles that often include highly personal information.  After all that, there are no guarantees that borrowers’ requests will be funded.

The LoanNow Option 

With a LoanNow medical loan bad credit will not necessarily eliminate your application for possible approval. We look beyond your FICO score to asses your entire financial situation. If your credit problems resulted from a job loss or other unavoidable circumstance, you could be approved.  And LoanNow doesn’t require you to post your entire life story for a public audience or wait weeks for a response. We know that when you’re dealing with a medical challenge, the last thing you need is more stress.  Why not let LoanNow provide the funds you need so that you can concentrate on getting well!

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Why LoanNow

  • 5-Minute Application

    All it takes is a few minutes. We’re fast, easy and headache-free.

  • Fast & Easy Approval

    Get your quick loan approval online. Money in minutes. †

  • Deposit to Your Account

    Funds are deposited fast into your bank account! ‡

How It Works

  • Apply Now

    Complete our easy online application. It takes 5 minutes and there is no paperwork and no faxing required.

  • Get Approved

    You will get a quick loan approval decision. We are a direct lender so there is no long wait for an answer.

  • Get Your Money

    We deposit your money right into your bank account. Your installment loan payments come from the same account - automatic, no hassles.

What We're About

  • "We believe we can change the world by helping people with less than great credit get back on track."

    Miron, The Team

  • "Our loans reward you for good behavior instead of trapping you in an endless spiral of interest & penalties."

    Harry, The Team

  • "Our mission is to build the fastest & easiest way to get a loan."

    Jesse, The Team

Grow Your Score

Our personal loans reward you for good behavior instead of trapping you in an endless spiral of interest & penalties. Together, we grow your LoanNow score to unlock better rates.

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* Funds will be distributed via ACH. Most banks will post the funds to your account by the next business day. Subject to underwriting approval.

** Subject to online availability and underwriting may request additional items prior to final approval.

† Loan approvals are subject to underwriting criteria and the approval process may take longer if required items are not able to be verified online or additional items are requested.

‡ Funds will be distributed via ACH. Most banks will post the funds to your account by the next business day. One’s bank will determine when funds are actually available.