options of financing dental work

After paying several thousands of dollars on the root canals on my upper teeth, my dentist told me that they had to be pulled. He told me that the dentist that did the work didn't do it properly and that all of the teeth were infected. After I collected myself, we started discussing the cost of the extraction procedure and the cost of the dentures. I knew I couldn't pay for all of that out of my pocket and he explained the dangers of allowing dental infections to fester. I quickly learned about financing dental procedures. If you are in a similar situation, go to my site to learn about your options of financing dental work.

What You Need To Know About Peer-To-Peer Loans


Peer-to-peer (P2P) loans are online loans that are funded by individual investors. They are a good option for people with decent to good credit who are looking for an unsecured personal loan. P2P lenders work with both borrowers and investors, bringing the two together to complete the financial transaction. Learn more about P2P loans and how they can benefit you.

How Do You Get a Peer-to-Peer Loan?

Peer-to-peer loans have a simple application process that's required for anyone who wants to obtain a loan. To apply for a P2P loan, you'll go to the P2P lenders website and fill out an online form with all of your personal information. You'll also need to upload or email documentation that verifies who you are, your residency, and the amount of money you make. The information that requires documentation to verify varies by company, so you may be asked to send in other paperwork as well.

Once all of your information is reviewed, you'll find out if your loan is approved. If your loan is approved, the P2P lending company transfers the funds directly into your bank. The amount of time it takes from the original application until you receive your money will vary depending on a P2P lender you use and your bank.

How Do Peer-to-Peer Loans Benefit Borrowers?

Many borrowers prefer P2P loans to getting a personal loan from a traditional bank because they often get a lower interest rate than a bank can offer. It's common for many P2P companies to be able to offer lower interest rates to borrowers because they have lower overhead costs than a brick-and-mortar bank. Additionally, in many cases, the application process for a P2P loan is simpler. There aren't typically fees for paying off the loan early or making a payment late, and interest rates are normally fixed, so the amount of interest the borrower pays remains the same throughout the entire duration of the loan.

Can You Get a Peer-to-Peer Loan With Bad Credit?

Whether or not you can obtain a P2P loan with less-than-stellar credit history really depends on what you consider a bad credit rating. While you might be able to find a P2P lender that will approve loans with a credit score as low as 600, many companies won't offer loans to people who have credit scores lower than 640. While this may not seem like a low credit score to you, a lot of banks won't approve an unsecured personal loan for people unless they have a credit score that's at least in the high 600s.

The fact is, peer-to-peer loans have several benefits. If you're in the market for an unsecured personal loan, they are worth checking out. So, before you apply for a loan, take a few minutes to compare the type of loan your bank has to offer with a loan from a P2P lender to see which is a better fit for you.


8 July 2016