Spend better with a personal loan, mobile banner, Nov 2022 blog, financial wellness, Travis CU,

Spend Better - How a Personal Loan Can Help You Afford Everything, From Vet Care to Veneers

Personal loans are a great way to pay for goods and services when you don’t have the funds readily available. Some of the more uncommon but still important uses for these loans include paying for your pet’s veterinary care or for your own dental care.

Here is more about personal loans and why you should use them to pay for Fido’s vet bill as well as for cosmetic veneers or other dental care.

What is a Personal Loan?

Personal loans, such as those offered by Travis Credit Union, are a quick way to fund expenses, either expected or unexpected. At Travis, these loans may be approved the same day as approval is based on your credit and income, and there is not any collateral required to secure the loan. The amount you may borrow depends on your credit history and the lender’s limits, with some lenders allowing loans of up to $50,000.

These loans are paid back monthly through a pre-determined number of payments. The interest rate for personal loans tends to be lower than the average credit card rate, and is fixed, making them an attractive option in tumultuous times. Typically, you will find the most competitive personal loan rates at credit unions.

What can be purchased with these funds?

Personal loans can be used to pay for a variety of things, including:

  • Veterinary care
  • Dental work such as cosmetic dental veneers
  • Vacations and special events
  • Home repairs
  • Auto repairs
  • Emergency expenses
  • Debt consolidation

Why Use it for Vet Care?

Pet owners know that when it comes to their fur babies, they want to do everything for their health and happiness. Even so, veterinary care is expensive, especially with unexpected bills. The cost of care may range from hundreds of dollars into the thousands, especially for pets with chronic illnesses or those that require surgery.

Some veterinary care providers offer payment plans to help lessen the impact of the cost. These plans, however, may come with fees and higher interest rates so be sure to review the details. Other options to pay include online services such as Scratch Pay, which is designed for veterinary care and may be useful if you pay funds back in full before a certain deadline. If you miss it, you will incur a high interest rate and other fees.

Using a personal loan for veterinary care can give you some much needed peace of mind in an emotionally challenging time. You will know the terms of the loan, the interest rate, and the monthly payment beforehand. When you are ready, you are allowed to pay off the balance at any time without being charged a fee.

Why Use it for Dental Care?

Dental care, whether it be cosmetic or medical, is expensive. For example, the cost of cosmetic veneers ranges from $925 to $2,500 per tooth, which adds up quickly if you have several teeth to do. Other services such as a dental crown or implants range in price from $500 to $4,500.

Some dental practices offer payments plans. Some of these, however, may end up being expensive because of a high interest rate and they may include other fees. Be sure you understand how much you will be paying in interest and fees before participating in such a plan.

You may also pay for dental care with medical credit cards that are designated only for medical and dental care. These cards tend to have a high interest rate, especially if you don’t pay off the balance before the promotional rate ends.

By using a personal loan to pay for dental services, you will receive a lump sum of cash to pay the dentist. You will know the interest rate you are paying, the terms of the loan and the monthly payment due.

Travis Can Help

No matter if it is for your teeth, your pets or some other unexpected or urgent need, Travis Credit Union offers Personal Loans that can help. Apply online, in a branch or by phone. Check our Instant Pre-Qualification for loan offers that may already be waiting for you!

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