Arlington TX
Fair To Bad Credit Loans

Loan for Medical Bills in Arlington TX

Monique has had a run of bad luck. She ended up in the hospital, through no fault of her own after slipping on a wet floor at a local mall.

She broke her arm as well as her collar bone and needed an operation to put everything back in place along with physio to help her regain the use of her arm and shoulder.

Believe it or not she was only off work for a few days. She works as a receptionist and is on the phone most of the day helping customers.

With a head set and one arm she was only off work for a couple of days and managed to work through the entire process. She has gain a ton of admiration from her customers and colleagues.

The hospital bill was $45000 and she was lucky that it was not a great deal more considering the services she received while at the hospital.

They treated her very well and she was only in over one night to keep her costs down. She has had lots of appointments since to monitor the situation and eventually remove the cast as well.

Her problem now is that of course the hospital wants to get paid and they want to see their money now.

They are threatening collection and will take whatever steps are needed to collect on the debt. She does not have health insurance coverage for this kind of treatment and is at a loss as to what to do.

She is suing that mall for the hospital bill, lost wages of a couple of days as well as pain and suffering. These things tend to take a long time and the hospital is putting pressure on her now to be paid.

She would like to borrow the $45,000 now and repay it over ten years. She is anticipating some sort of settlement from the mall but in the mean time she needs this loan.

A $45000 medical loan with a ten-year term and 8% interest rate for Monique would cost her the following per month:

• Loan Amount (principal) = $45000
• Interest Rate = 8%
• Term Length = 10 year
• Monthly Payment = $545.97
• Total Paid Back = $65516.90
• Total Interest = $20516.90

Fortunately for Monique she has a great credit score and who could not lend money to this woman who goes back to work a few days of breaking her arm and collar bone.

She received her loan and is making her regular monthly payments.

With respect to the mall making a settlement, there is a really good chance that they will pay all of her expenses, including interest carrying costs on the loan.

With multiple parties involved, it can be a complicated process. There is a chance that Monique will need some sort of longer term physical support if her arm and shoulder do not heal properly.

They know that they could be liable for something in this area and everyone is just going slow until they understand the total costs.

In the mean time the hospital wants to be paid and Monique is on the hook for the debt until a settlement can be reached.

If you live in Arlington TX and you need a loan regardless of a bad credit rating we hope our website helps you in some way.

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