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$30000 Fast Loan for Surgery in Modesto, CA – Please Help

fast-loan-for-surgery-in-modesto-ca-please-helpOur latest client is in need of a $30,000 fast loan for surgery scheduled for the following week and he lives in Modesto, California. The actual surgery is ahead of schedule due to a cancellation by another patient. He has not had time to make financial arrangements due to the suddenness of the operation. He needs to be approved for the loan within the next few days so that he can proceed with the loan and commit to the operation.

Even though he is covered by health insurance, this client has the same problem that many people do. Their insurance will pay for a portion of the health bills and they are responsible for the remainder which can be pretty significant as this case shows. Many people do not even have this kind of coverage and have to borrow much larger amounts of money to finance surgeries that are needed. The alternative is to just live with it.

Regarding this loan, we believe that lenders will approve this loan. They have a great credit rating and they have solid jobs. They also do not carry any debt at this time and all of these points make this client an excellent risk for this loan.

The client asked whether he would be better off to use some of his savings instead of applying for a loan. Loan rates are at historic lows and many people are able to find loans with low interest rates. At the same time income rates for investments are not very high if you are invested in an interest bearing investment of some kind such as a GIC for example. On the other hand dividend bearing stocks are providing slightly better yields depending on the company. We have no information regarding what his investments are and therefore cannot really comment on this specific question for this client.

If he is receiving a high return on his investments, then he probably should proceed with the loan. Low income investments make the decision more difficult. From a pure interest perspective, he may want to cash in his investments. However from a financial cash flow perspective the loan provides the client with more options for how they manage their money. More discussion may occur with this client in this area.

LOAN APPLICATION

Home/Mortgage Loan Amount :: $30,000

Home Loan Application and Processing Speed (when do you need the funds):: my surgery is scheduled next week and I need to be able to pay for the work when I am discharged at the end of the week

Do you currently have a mortgage? :: no, I rent a condo

Bank Name and Branch :: Oak Valley Community Bank, I Street

What City/Town, State and County do you live in? :: Modesto, California

Zip ::95354

What is your employment field? :: Telecommunications

Employment Position :: Section manager, Engineering Design

When are you paid? (monthly/weekly/biweekly):: Bi Weekly

Your credit rating to be – excellent, fair, or bad? :: Excellent

How did you find us? :: Searching online

How are you paid? (direct deposit/paper check):: Direct Deposit

Gross Amount Per Paycheck ::$2884

Do you agree to have this information published online, without your PRIVATE information of course? :: Sure , why not

Extra information here please (some detail):: I am going in for knee surgery next week and everything is set up for the operation and the post-op therapy that I will need to build strength in my knees etc. The problem that I have is that my benefits covers a great deal of the operation costs, but that still leaves me with around $30,000 that I will need to pay out of my own pocket for the operation and the therapy after words.

I could use some of our savings to pay for this operation, however we have a decent investment income from these savings and would prefer to leave the money were it is at this time. If you have some ideas about whether this is the right strategy or not, we would appreciate hearing about it. We can afford the payments on the loan with no problem since we are currently renting a condo and have no other expenses to speak off. Our credit cards carry a zero balance and our car is fully paid for.

Note to Lender ::  Regarding our credit rating, it should be pretty good since we have to major debts and only have one credit card each. We have no other loans. I work for a local telecom company here in Modesto and supervise the engineering area for new construction. I have been there for 15 years and expect to be working for this company for many more years. My wife also works as well for a small local company here in town.

This operation was supposed to take place in a few months; however the surgeon had a cancellation and was able to fit me in much earlier than originally planned. This is why I need a fast loan for surgery in Modesto, California. My knees were damaged by too much running on hard pavement. I can no longer run and can barely get around due to pain in my knee. I am really looking forward to this operation and hoping that you will be able to find a lender for me so that I can proceed with this operation.

Category: Home Mortgage Loan APR 8.17% APR 8.42% APR 8.04%
Loan Principal $30,000 $30,000 $30,000
Payment Schedule Monthly Monthly Monthly
Length of Term 5 10 15
Amount to be paid $36,228.46 $42,734.00 $48,189.26
Total interest paid $6,228.46 $12,734.00 $18,189.26
Paid per installment $595.54 $351.24 $264.05