Money Mutual Short Term Loans for Medical Emergencies

Health care costs continue to rise in spite of the down economy and fewer people are able to afford the quality care they need.  As insurance premiums also climb, more people are doing without insurance.  However, when an injury occurs or illness strikes, it can strip them of any savings they may have.

In the last ten years, health insurance costs have doubled while wages have only increased by 34%.  This deficit only makes health insurance less affordable.  What’s worse is that health care costs are expected to rise another 7.5% in 2013.

Almost 50 million Americans were uninsured in 2010.  While that number has increased, it has only improved by a small number.  Included in that number are almost 10% of children who are without insurance.

So what do you do if you get injured or ill?  Many people use their savings, leaving them exposed for other issues in the future.  For all of those people who don’t have a savings plan, they either do without medical care or they postpone a bill to pay for medical costs.

Another option that many people do not think of is to apply for a short-term loan, like those offered by moneymutual.com.  This type of loan can provide the cash needed to pay a medical bill or for medication to help them get well.  It can also help those who have high deductibles or co-pays so that they can afford to go to the doctor.  Then there is the issue for people who do not get paid time off.  If they are sick, they are either forced to go in to work anyway or take time off without pay.  A short-term loan can help pay the bills until they are back on their feet.

A short-term loan often has lower fees than paying a late charge on a bill that is put off to have cash for medical expenses.  You can pay the loan back over a period of time to make it affordable and fit in your budget.

Another way short-term loans can help is when you have a child that needs medical care from an injury.  You do not want to worry about paying medical bills when you are caring for an injured child.  With a short-term loan, you can concentrate on helping your child get well instead of worrying about finances.

These loans are often convenient to apply for to allow you to get money in a hurry to cover expenses before they cause other problems.  You don’t have to wait for days to get approved and then wait even longer to get your money.  In many cases, you can have the proceeds of your loan within just a few days.  If you had an unplanned medical expense, time can be an important consideration.

If you are faced with unplanned medical costs, you might want to consider a short-term loan to help you get through the difficult time until you get back on your feet.  Don’t let the rising costs of health care keep you from getting the care you need.

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8 Comments

  1. Carmen says:

    A short term loan is an excellent idea. Not only does it solve the immediate problem, but it prevents running into credit problems when bills start to fall behind. Particularly important for people who are going to have ongoing treatments or need to take time away from work.

  2. Terry says:

    More people need to know about this option. Too many people put off important medical treatments because of a money shortage. It’s something that most of us don’t think of, but it’s a realistic option to break down a big expense into smaller monthly payments.

  3. Jen S says:

    The average person will fall into debt if they miss just one regular paycheque. The majority of people live from pay to pay, scrambling to pay bills on time as it is. Taking time off work because of illness is a double edged sword for those who can’t really afford it. A short term loan is a great idea to help keep up with the bills and still allow time to get treatment or recover.

  4. Emily W says:

    It’s really troublesome when children are ill and parents are unable to afford proper medical care. In young kids especially, even minor sickness can escalate quickly into something more serious. Until the health care system is properly fixed to provide necessary care for all, a short term loan could provide the needed medical treatment needed without making medical bills a burden.

  5. E.M. Scheufen says:

    It’s sad that a nation of this magnitude has been unable to come up with proper health care for its citizens. While it’s a shame anyone would have to get a loan to pay for treatment or care, at least the option is available so that struggling families don’t have to choose between groceries and medical help.

  6. Brian B says:

    I agree that savings should not have to be depleted for medical costs. I’ve looked into this and it’s very simple to apply for and the terms are reasonable. This company displays a genuine sense of compassion for people going through a health problem, so they don’t bog you down with red tape and long waiting periods for approval.

  7. Mike1 says:

    The statistics on rising health costs versus income is rather staggering. A medical loan is the ideal solution to quickly put finances in order and keep them under control. Health problems aren’t just physical, they can also carry an emotional impact which is only compounded by an onslaught of bills that need to be paid. People can use a loan to put their cash flow in order and focus on getting better instead of going under.

  8. Sales says:

    Medical expenses are a neccesity and unfortunately the cost isn’t likely to go down anytime soon. Sometimes you just have to do what you have to do for yourself and your family.

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