The unexpected happens, and you should ensure that your finances are prepared for an injury or illness that prevents you from working. Nearly every article that you read about being prepared for the unexpected job loss, major injury, illness, etc suggests that you stash away three to six months? worth of your income in a current, savings or money market account. These types of accounts will not grow your money very much, but they are easily accessible.
If, however, you are in need of medical loans, you have several options. A quick search for medical loans online offers information on several loans that you could use as medical loans, but nothing specifically about medical loans. Your choices seem to be using the credit card or the equity in your home, or an unsecured personal loan from a lending institution.
As always, the first step you should take when in a tough financial situation is to cut your expenses. Once you have reorganised your budget, if you are still in need of medical loans, you could begin by filling out one of the many online forms you will find that will survey all of the personal / medical loans offered by lenders in order to find the best deals. Once you have narrowed the medical loan lenders down, you may want to contact them directly.
Personal loans that can be used to cover medical bills are typically available for between £7,000 and £25,000 over two to seven years. They boast 8.4 per cent APR as typical. This is a loan that can be applied for and granted on-line. There are smaller loans, which also can be used as medical loans, available as well. These are for between £1,000 and £6,999 over one to five years. These smaller (medical) loans typically run at 15.9 per cent APR.
As always, do not divulge your personal information until you are certain of the reputation and requirements of the company surveying medical loans or of the lender itself.