Can I Get a Loan to Pay a Medical Bill?

Author · Modified on 14 September, 2022

Yes! With Dime Alley, you can absolutely get a loan to pay off a medical bill, dentistry bill or even a veterinary bill.

Payday loans are short-term loans that are designed for just this purpose – to cover any unexpected bills that you may encounter, or to provide a bit of extra needed cash before your next paycheck comes in.

The United States has the most expensive healthcare system of any country. A medical consultation with a general practitioner costs, on average, $190, and so needing a bit of extra cash to cover this is extremely common.


What is a Medical Bill Loan?


A medical loan, as the name suggests, is a short-term, personal loan used for medical bills.

Medical loans with Dime Alley can be paid off between 1 and 60 months (or 5 years), and you can apply to loan anywhere from $100 to $35,000 depending on factors such as your credit, homeownership status, age and income.

With Dime Alley, we accept customers with a range of credit histories, so don’t let a bad credit score stop you from applying. An application takes just 5-minutes, is easy to do, and you get an instant on-screen decision. Even better, we only conduct a soft credit search on your application, so applying with us won’t leave a footprint on your credit score!


More than one-fourth (26%) of U.S. adults say they or a member of their household have had problems paying medical bills in the past year.


Should I Get a Payday Loan for a Medical Bill?


More than one-fourth (26%) of U.S. adults say they or a member of their household have had problems paying medical bills in the past year, according to the Kaiser Family Foundation. A payday loan to pay off your medical bill can often be the fastest way out of medical debt.

Whatever cost you are struggling with, as long as you will be able to pay it back, payday loans are a good way to alleviate financial stress caused by a medical bill. For example, if a medical expense isn’t covered by your insurance, or if you don’t have insurance, a loan can help you out.

At Dime Alley, we know that time is of the essence, and when you apply with us to cover a doctor’s or hospital fee, your loan could be in your account just one hour after approval. Our loans can be requested 100% online without leaving the house, saving you valuable time, and getting the money you need into your account even quicker.


Things to Consider Before Applying


Before applying for medical bill loan with Dime Alley, you should consider the following:


Is it urgent?


Firstly, think about whether you urgently need the loan, how you will pay it back, and what will happen if you fail to.


What’s your credit score?


Although we accept candidates with all different credit scores – good and bad – you should still check your credit before applying, as the stronger your credit history, the lower interest you are likely to be offered by our lenders.




Before you apply for a medical bill loan with us, consider whether you could seek the funds elsewhere, such as from friends and family.


Eligibility requirements?


As long as you meet our simple eligibility requirements, you can apply for a loan with Dime Alley today:


  • Over 18 years old;
  • Hold an American citizenship;
  • Have a checking account for us to deposit your funds into;
  • Have a minimum monthly income of $800;
  • Steadily employed.


Can I Get a Medical Bill Loan with No Credit Check?


Typically you won’t be able to get a medical bill loan with no credit check, but Dime Alley’s lenders will consider those looking for a no credit check medical loan.

However, Dime Alley will only conduct a soft credit check. Soft credit checks don’t leave any footprint on your credit history and won’t have any impact on your score.

Lenders, however, will usually conduct a full credit check on prospective borrowers as they need to determine the rates to offer and whether a borrower is likely to make their repayments.

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