Infertility Loans: Attractive Options Worth Considering
With the high cost of fertility procedures, financing part of your treatment may make the difference between being able to move forward with treatment or putting it off until you have the cash reserves needed to pay out-of-pocket. Infertility loans, home equity loans or lines of credit, and credit cards are all viable options.
Infertility loans are an increasingly popular option as a way to pay for the cost of treatment. Fertility loans are unsecured lines of credit. Lenders will use your credit history to determine your eligibility, how much you can borrow and at what terms.
When comparing fertility loan companies, be sure to ask what the loan will cover. For example, some may not cover medications or procedures that are considered experimental.
Most fertility clinics will be able to provide recommendations for companies that offer fertility loans. Attain FertilityTM clinics, for example, provide access to CapexMD and Lending Club Patient Solutions.
IVF treatment programs
It’s no secret that IVF treatment is expensive – and chances are good that you’ll need more than one treatment cycle to have a baby. The unknown of how many treatment cycles you should go through is stressful and many patients who pay on a cycle-by-cycle basis drop out of treatment too early.
Some fertility centers offer a programs that helps make the cost of IVF treatment more manageable. With these programs, you pay a single, discounted fee for multiple IVF cycles in advance of treatment. Attain IVF Programs can save you up to 40% off your treatment plan.
These programs ease your mind about the costs associated with IVF treatment and lets you commit to a course of treatment plan that significantly increases your chance of success.
Attain IVF is available at clinics within the Attain Fertility Centers network. Click here to find a clinic near you.
Home equity loans and lines of credit
For homeowners, using a home equity loan or line of credit is an alternative to taking out an infertility loan. Something to consider when evaluating an equity option is whether or not you think you may need your home equity loan or line of credit in the future for another use, such as a home renovation or repair.
And of course, there’s always the option to use your personal credit card as a means to finance infertility treatments. You may want to contact your credit card issuer to ask about other loan options. If you have a good payment history and credit rating, they may be willing to lower your interest rates, as well.
What’s the real cost of your fertility loan?
From taking out an infertility loan, to securing an equity loan or line or credit, to using your credit card, there are many financing options available. When you are evaluating which is right for you, make sure you take into consideration the lifetime cost of your loan by factoring in the loan term and interest rate. By knowing the bottom line, you’ll be in a better position to plan for your family’s future.