How to Finance the Dental Care You Need Without Breaking the Bank
LOS ANGELES, January 26, 2021 (Newswire.com) - Dental procedures are stressful enough without having to worry about how to afford them.
With many dental procedures, like fillings, crowns, and root canals, costing up to hundreds or even thousands of dollars, the price of dental care adds up fast. If you've recently undergone a dental procedure or need to have one soon, here are ways you can finance your dental work without breaking the bank.
Weigh your options and shop around
Many people mistakenly think that the price of dental care is set in stone. But like a car repair, the cost may vary in different parts of town. Call around for quotes before you commit to having work done at a particular office.
Once you understand the going rate for the service you need, you can try to negotiate with your preferred office to see if they'll beat the lowest price. This may lead to saving hundreds simply by doing your research ahead of time.
Pro Tip: If you need a minor procedure, check availability at a local dental school. Some dental schools offer procedures at a fraction of the cost since students do them under the guidance of a licensed professional.
3 Ways to Pay for A Dental Procedure
Once you've gotten the absolute best price possible, it's time to consider how you'll actually finance the procedure.
While the first choice for paying for a dental procedure is to pay cash out of an emergency fund, the reality is many people don't have the kind of money on hand that dental care requires. Try one of the below options if you're wondering how to finance the dental care you need.
1. Dental Financing Through A Provider
Many dentist's offices are now offering payment plans. Call your dentist to see if you can work out a payment schedule with a low interest rate. Sometimes financing through a local business can lock you in a lower than average interest rate.
2. Dental Financing Through A Lender
If you decide to pursue getting a dental loan, which is treated the same as a personal loan, you can expect to see interest rates that are less than most major credit cards. The competitive interest rates and standard repayment terms make it a good option for dental financing.
3. A Credit Card With 0% Introductory APR
If you have an above-average credit score and plan to pay off the balance of your dental care within 12-15 months, consider opening a new credit card with a low introductory APR offer. Some cards offer 0% interest for a set period, meaning you pay nothing additional until the offer expires. It's essentially an interest-free loan, and it really doesn't get better than that.
No matter which option you choose to finance dental work, it's crucial that you have a plan in place to help you keep a winning smile.
Notice: Information provided in this article is for informational purposes only. Consult your financial advisor about your financial circumstances.
Source: iQuanti, Inc.