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What you need to know about medical loans
Weigh the pros and cons to see if a medical loan is the right product for you.
Shopping around with multiple lenders is truly the key to getting the best rate for your loan. Each lender will offer different incentives, perks and rates. When I was applying for a loan to get a car, I checked with a minimum of three lenders — including a credit union — to ensure I was getting the best rate for the long term.
— Hannah Smith
Hannah Smith is a Bankrate editor specializing in personal loans. They are meticulous in their approach to ensuring users can navigate the complexities of loans with the most up-to-date and accurate information.
Prior to joining the Bankrate team, Hannah was an editor for House Method where they edited and published over 400 articles aimed at helping readers make informed decisions on home renovations and services.
Hannah currently lives in Raleigh. When they are not editing, they enjoy walking with their dog, playing tabletop games and reading.
Shopping around with multiple lenders is truly the key to getting the best rate for your loan. Each lender will offer different incentives, perks and rates. When I was applying for a loan to get a car, I checked with a minimum of three lenders — including a credit union — to ensure I was getting the best rate for the long term.
— Hannah Smith
Weigh the pros and cons to see if a medical loan is the right product for you.
The debt avalanche method is a good way to tackle multiple debts.
Installment loans can be useful, but inflexible. Try these options instead.
Your interest rates influence your debt.
Axos Bank is best for borrowers with strong credit scores, and LendingClub accepts co-borrowers.
Axos Bank is best for borrowers with strong credit scores, and LendingClub accepts co-borrowers.
What to know about the tax impacts of personal loans
What to know about the tax impacts of personal loans