How a Quick Personal Loan Can Alleviate Your Dental Emergency

According to the American Dental Association (ADA), Americans spent a collective $162 billion on dental care in 2021. From crowns and fillings to bridges and implants, there are many different kinds of dental work that you might need.

Most of these procedures are pre-planned far in advance. Your dentist may notice that you have a dental issue, and recommend a specific course of treatment to correct it. However, what happens when you suffer a dental emergency?

These types of issues can be costly and complicated to treat, which translates into sky-high invoices. Even with insurance, the resulting charges could be more than you can handle. In that case, a quick personal locan can come in handy.

Today, we’re sharing how to use this type of loan to cover your unforeseen dental services and what the process includes. 

What Are the Most Common Dental Emergencies?

Dental emergencies are problems with your teeth or gums that occur all of a sudden, without any type of planning or anticipation. Some of the most common ones include:

• Toothache
• Lost filling or crown
• Chipped or broken tooth
• Knocked-out tooth
• Abscessed tooth
• Broken orthodontics

As you can imagine, these types of dental issues can be quite painful! You shouldn’t have to deal with an exorbitant bill on top of the pain you’re experiencing. While there are many types of dental financing options available, a quick personal loan can be one of the fastest and most effective. 

Let’s take a look at how it works. 

Using a Quick Personal Loan to Pay for a Dental Emergency

When you’re in the throes of dental pain, the last thing you want to do is wait a week for a personal loan to go through. When it comes to these types of healthcare emergencies, time is of the essence. Waiting too long could exacerbate the problem, leading to additional issues that are even more expensive to treat. 

This is one of the reasons why a quick personal loan makes sense in times like these. Other reasons to choose one include:

• Simple and straightforward application process
• Typically no credit check
• Fast approvals

Comparing Lenders

Once you know your requirements, you can start applying for personal loans and comparing different lenders. As you research each option, some of the most important factors to consider include:

• Annual percentage rate (APR)
• Time to fund
• Borrower requirements 

Annual Percentage Rates

The APR of a personal loan reflects the total cost of the loan, including the interest and any applicable fees. As such, it’s usually higher than the base interest rate. Fees to look out for and understand include:

• Origination fees
• Late payment fees
• Returned payment fees

Time to Fund

The time to fund refers to how long it takes a lender to deliver the cash into your account. Some can complete the step in the same business day while others can take up to a week. To help the process go as smoothly as possible, make sure you have all of your required paperwork handy before you begin the application. 

Borrower Requirements

There is no universal set of requirements that all lenders will consider when reviewing your loan application. Some will want you to supply your credit score, while others will not request it. Others may want to know how much debt you have compared to your income, which is a metric known as your debt-to-income ratio. 

Research each lender’s requirements and understand how the application process will work. If you need money as soon as possible to cover your dental treatments, a lender with complex and lengthy requirements might not be the best fit. 

How It Works

While you can secure a personal loan through a traditional lender such as a bank or credit union, quick loans are usually easier to obtain online. Let’s take a look at how the process works.

Applying for a Quick Personal Loan

An online lender can review and process your application much faster than other lenders can.

This is because they have the digital realm on their side. Through features such as automated forms, virtual signatures, and other expedited measures, online lenders can review and approve your loan documentation with lightning speed. In most cases, you’ll have access to your funds by the next business day!

Another perk is that these lenders don’t usually stick to strict requirements when it comes to credit scores or credit histories. As long as you have the ability to meet the loan repayment terms, you can typically qualify. Of course, if you do need to meet a certain score threshold and your credit isn’t there yet, you can always consider adding a co-signer to your loan application to increase your likelihood of approval. 

Reviewing the Terms

While quick personal loans can enable you to pay for your dental emergency in a pinch, you don’t want to accept one without reviewing the terms first. These loans usually come with higher interest rates than their traditional counterparts, as well as shorter repayment timelines. 

Review the terms closely and make sure you understand exactly what your total cost will be. Most personal loans work as installment loans, which means you’ll pay them back in monthly payments, spread out over a pre-determined period of time. 

Using Your Funds

Once the lender approves your application and you’ve accepted your loan, you can turn around and use the money to pay for your dental emergency. Whether you’re suffering from a broken crown, a chipped tooth, or a serious dental abscess, you can rest assured knowing relief is on the way — and you can cover it. 

Need Cash to Cover a Dental Emergency?

You can take excellent care of your teeth and still find yourself in the middle of a dental emergency. We don’t plan for these events to happen, and we usually don’t save up for them, either.

If you find yourself in this situation, a quick personal loan can help. This is a type of nearly immediate financing that allows you to pursue the treatment you need as soon as you need it. 

If you’re ready to get started, we can help. Complete this form today to connect with trusted lenders in our network!