Everyone who was self-pay please help!!!!!!!!

apinksoprano · October 4, 2006

I am just starting the process for the lapband procedure....I already know I will be self pay for sure and I was wondering if anyone could offer advice as to how they financed itl....and, home equity or 401k is not an option....I need a good financing company that gives good rates, any advice?

Woodys · October 4, 2006

I am self pay but I had the money. I did however look into financing it because if the rates weren't too bad then I could afford the payments and still have the money in the bank.

I inquired with two Credit companies in Toronto, Ontario who finance for medical purposes. Both came in pretty close with their quotes but I can tell you this........If I had of gone with either one I would have paid for this procedure 3 times over by the time the loan was satisfied. Their interest rates were phenominal.....27%!!!!!!!!!!!!!!!!!!!.....the payments were over $400 / month.

Carol

Iulizbug · October 4, 2006

I couldn't find a financing company that would give me that good of a rate so I put it on a new credit card with 0% interest for 15 mos. I plan on transferring the balance to get it paid off. I definately don't regret paying for this. It was the best thing I have done for myself in a long time. Hopefully somebody will give you a good financing company. Good luck:)

~Liz~

03/10/06

241/164/160

5'7''

staceylca · October 4, 2006

I went threw capital one. And I only pay 139.0 mouth for 60 months and My inst. is about 10.38% only cause it was a personal loan. I did get another on and it was 7.9% but I could not go to MX to get it done. So I am only going to pay back exture 2000.00 unless I pay it off early and I will do that.

HOpe that helps

GOOOD LUCK

Staceylca

Melissa Lea · October 4, 2006

I went through capital one healthcare finance

http://www.capitalone.com/healthcarefinance/index.php?linkid=WWW_0606_MEDL_01_HOME_H1_05_G_MC1

I have excellent credit so I was given the best rate that they have. If you can pay off in 2 years I think you can have 0% interest rate. Check it out.

Best wishes to you!

Melissa Lea

mypov · October 4, 2006

Hi! I originally was going to finance through carecredit at carecredit.com. They do financing for medical procedures. The rates are quite reasonable. There are options from 3 months financing or all the way up to 5 years if I remember correctly. I ended up getting only approved for 1/2 the amount because of my credit history. So now I'm doing financing through my parents. 0% interest for 2 years and reasonable grace period of 15 day lol. No seriously I had to sign a contract with them! Anyway, I would look into carecredit along with the other things people suggest. Good luck!!