How to Get Cosmetic Dentistry Financing

Financing cosmetic dentistry is an option if you don't have the cash

Cosmetic dentistry can be a drain on your bank account and coming up with the cash to pay for brand new pearly whites can be downright impossible. Even having dental insurance is no guarantee since many cosmetic procedures aren't covered, such as veneers, bonding, implants, orthodontic braces, and dentures. Follow these steps to help you finance a perfect smile!

Things You'll Need

• Your Social Security Number
• Your Driver's License Number
• Other Personal Information

Instructions

1. Establish which services your dental insurance will cover (if you have a dental policy), and how much of those you will be expected to pay out of your pocket. Prior to performing the procedure, your dental provider should give you a print-out of your treatment plan that outlines each step of the procedure process and an estimate for those procedures. Your treatment plan may include x-rays, cleanings, and other services that may be covered under your dental plan. Subtract any insurance-covered costs from the total estimate. This will be the amount you need to finance.

2. Ask your dental provider if they offer in-house financing. Most offices have a financial manager who will explain their terms. Be aware that even though a down-payment may not be required using this method, sometimes the loan bears a high interest rate, larger monthly payments than a finance company would charge, or both. Of course this is not always the case but be prepared to ask questions about anything you are unsure of.

3. Apply directly to a health care finance company. This can be done by going to their website and applying on line or calling the company and requesting a credit application. Application to these lenders can usually be made right from your dentist's office as well. You will be required to show identification and sign relevant forms by both the finance company and your provider.

4. Be prepared. The application for cosmetic dentistry is very similar to a credit card application, so be sure you have access to any personal information you will need. This includes your social security number, references, account numbers, employment information, and earnings. If you have less than perfect credit, you may need a co-signer to ensure the loan approval.

5. Apply with a second lender if the first one doesn't cover the full cost of the services you need. It may be necessary to obtain two or three small loans to cover with the full amount.

6. Read the fine print. Interest rates can vary depending on your credit and other factors. Know the total amount you will be repaying and if the lender offers ways for you to save money, such as no interest payment plans. Also, be sure you know how long you have to repay the loan. Lenders usually offer 3, 6, and 12 month payment plans, and some even offer extended payment plans that allow you to repay the money under a longer payment plan.

Tips & Warnings

• If possible, pay part of the procedure costs in cash and then finance the rest to avoid paying excess interest.

• Make your down payment as large as you can afford to lower your payments.

• There are many companies that will finance your cosmetic dentistry and your dental provider may not be in their network. Find out which company your dentist, orthodontist, or prosthodontist uses.

Resources

• Find a Dentist: American Dental Association