Facing a medical emergency is a very stressful time. A major worry is financing a medical emergency if you don’t have insurance, or it doesn’t cover your condition. Quite often, people have to take out a loan to be able to pay their medical bills. Here, we will take a look at some of the best options to consider if you are ever facing a medical emergency you can’t afford to pay for.

You should first consider speaking to the hospital treating the patient, to see if they have any monthly repayment options. This means you don’t have to worry about finding all the money straight away. Where this is not possible, it’s probably time to consider a short-term loan.

Lending Club is a great choice for clients with a poor credit score. You only need a minimum score of 600, and you can borrow between $1k-$40k, for up to 5 years. Upstart is another ideal choice for those with poor credit. They require a minimum score of 640, and some loans come without any fees. You can borrow up to $50,000, so it’s ideal for covering sudden medical expenses.

If you need to borrow larger sums of money, SoFi is an excellent choice. It can be used to borrow up to $100k for periods between 3-7 years. There are no fees associated with loaning money from SoFi, and the APR rate can be as low as 5.95%. You also don’t need a credit score to apply for a loan using SoFi, although you do have to be in employment.

If you do need to borrow money to cover medical bills, be sure to review all the options before making a decision. Different lending options are ideal for different families and situations, so make sure you are making the best choice for you. It’s never a good idea to borrow more than you can afford to sensibly pay back, although understand that you might have to make some cutbacks to be able to keep up with your loan repayments each month.

If you wish to compare several different loan providers, it’s a good idea to visit http://www.moneral.fi/lainojen-yhdistaminen/yhdistelylaina/. This site allows you to compare different providers based on how much you need to borrow, and for how long. You can clearly see the costs involved with the loan, so it’s easy to compare and find the best deal.