Dental Care: Everything You Should Know Before Getting Dental Loans With Bad Credit


Visits to the dentist can be daunting, not to mention the bills you need to pay after a session. Most dental insurance plans can only go as far as covering an annual benefit maximum, meaning you still have to pay some costs from your wallet. As dental treatment rates have significantly risen for the past years, it is normal to have a hard time paying for one.

If you cannot pay for necessary dental care, dental loans can cover up the costs on your behalf. However, bad credit might make applying for dental financing difficult for you. Your application might get rejected or get higher interest rates that you can’t afford to pay back. Learn more about dental loans and alternative options when you have bad credit here:

What Is A Dental Loan?

Dental loans, like medical loans, are a type of special personal loans intended for healthcare billings. You might ask, what about getting generic personal loans instead? Well, since they’re used in pretty much everything, generic personal loans might be more expensive compared to special personal loans.

Most special personal loans offer lower interest rates and different borrowing amounts and term lengths. These deals might work better for you if you can’t pay for dental bills all at once. Dental loans are also considered unsecured loans, meaning they don’t have any collateral that the lender can repossess during a defaulted loan.

Unsecured loans then pose a greater risk for lenders compared to secured loans. That is why, when applying for dental loans, lenders review your credit account as thoroughly as they can to avoid unnecessary complications. Click here to know more on what you need to do when getting dental loans with bad credit:

How To Apply For A Dental Loan

You have several options to consider when applying for a dental loan. However, it is better to consult with your dentist’s office first. Nowadays, most dentists who offer cosmetic dentistry have in-house financing or partnerships with lenders. Taking this initial step might save some of your time.

If your dentist doesn’t offer any of the services mentioned above, a third-party lending company can help with your dental loan application. You can apply in banks, credit unions, or online lenders, just as you apply for generic personal loans. If you are not in a rush, it is better to shop around and compare rates to see which fits your budget.

When you shop for lenders, you have nothing to worry about when asking for your name, address, and Social Security Number. This information is necessary for completing the prequalification process that lenders do to give you a customized rate. Just make sure that they’re only doing a soft credit check. Otherwise, your credit score might be in danger.

After picking a lending company, it is time to complete your loan application. Lenders will now do a hard credit check, and this will be marked on your credit report. To finish your application process, you will need to provide more documents such as bank account statements, tax returns, and pay stubs.

Dental Loan Alternatives When You Have Bad Credit

If you have a credit score of 670 or lower, getting a dental loan might be difficult. Though it is still possible to find a lender, you might have to pay higher interest rates to qualify. However, you have alternative options when applying for dental loans while having bad credit.

  • Medical Credit Cards

Medical credit cards are credit cards used to pay for healthcare bills. Once your application for a medical credit card is approved, you can now use it to pay for your dental treatment at any qualified provider. After paying your dental bills, you’ll have to make payments to your credit card issuer.

You should know that some medical credit cards offer periods of deferred interest. If you pay your outstanding bill before this period ends, you no longer have to pay any interest. But if you fail to finish your payments on time, you will have to pay for the accumulated interest. In this case, paying for dental treatment can cost you more money than you expected.

  • Introductory 0% APR Credit Cards

Some regular credit cards offer an introductory 0% APR for balance transfers and purchases for a specific period. If you can make a payment for a certain number of months, usually around 12 to 21 months, you can finally pay for your dental work interest-free.

Like medical cards, if you fail to pay on time and meet the required credit card terms, you might have to pay for the interest and lose the intro rate you’ve established. But other than this requirement, applying for 0% APR credit cards can assist your dental financing just as well as dental loans.

  • Claim For A Tax Deduction

If dental work is too much for your budget, it might help if you claim a tax deduction. As long as the cost exceeds a specific percentage of your annual adjusted gross income, the federal law permits deduction on medical expenses. Once you qualify, you have nothing to worry about when it comes to your dental expenses.

  • Shop For Inexpensive Dental Care

If you have enough time to spare, shopping for cheaper alternatives might work to your advantage. Comparing different rates of different dentists around your area might help you save money for dental care. Getting a second opinion is always better, especially when you plan to get expensive procedures such as root canals and braces.

  • Negotiate Your Dental Bill

Before you can make a successful bill negotiation with your dentist, it is better to do some research first. Find out how much is the expected going rate for the dental treatment you need. This way, you can negotiate for a cheaper bill if you find out that your dentist is charging you more.


Dental care is important, yet it can be very expensive for some people. Even with dental insurance, it can’t guarantee you cheaper options. Thus, dental financing, once approved, is a great help to your finances. Having several alternatives to back you up once your credit score hits rock bottom can save you from future financial troubles.

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