So, you've been told by your dentist that you're going to need to have a major procedure done, and you're worried about the high cost. Regardless of whether you need a root canal, tooth extraction, or anything in between, it's important that you have the work done as soon as possible so that you can avoid future dental problems. When it comes to financing, however, it also helps to be aware of your possible options so you can go with the choice that'll cost you the least amount of money in the long run.
Charge a Low-Interest Credit Card
If you already have a line of credit through your credit card company, and the interest rate is relatively low, then you might want to consider just charging the cost of your procedure to your credit card (assuming the line of credit is high enough). If you don't have a large enough line of credit, you may be able to get it extended by calling your credit card company. This can save you from having to open up another line of credit.
Apply for Financing Through Your Dentist
If you don't have a low-interest credit card or don't have a credit limit high enough, see if your dental clinic offers on-site financing. Often times, dentist's offices can approve patients in-house for financing through a third-party lender. The interest rates can vary based on any promotional offers that may be going on, along with your specific credit history. However, it's not unheard of to secure financing from a dentist's office with an interest rate that's same-as-cash for the first year or so. If you have poor credit, you may still be able to get approved if you have a co-signer.
Take Out a Personal Bank Loan
If charging your credit card or securing financing from your dental clinic directly isn't an option, you might consider applying for a personal loan if you have a longstanding relationship with your bank or credit union. These tend to have rather low interest rates, but the only drawback is that the application process can take a bit of time. Therefore, this may not be your best option if you need immediate dental work, but it's still an option for those who may be otherwise strapped for cash.
As you can see, there are many options to finance your needed dental work, so don't put it off. For more information, talk to local clinics like Southgate Dental Clinic to see what financing options they would suggest.