Yes, Happy Money does offer dental loans. Happy Money’s dental loans offer $5,000 - $40,000 in funding, repayment periods of 24 - 60 months, an APR range of 7.99% - 29.99% and an origination fee of 0% - 5%.
You have to meet some requirements to be considered for a Happy Money dental loan. Examples of these requirements include having a credit score of 600+, being at least 18 years old and having a bank account.
You can use a personal loan for just about anything, from credit card debt consolidation and home improvements to large purchases, car repairs and medical procedures. As long as you don’t take out a loan whose terms specify what the funds must be used for, you’re free to do what you want with the money. For example, LightStream has different APR ranges specifically for different loan purposes, but most lenders do not.… read full answer
The only things you’re really not allowed to spend the money on are school tuition (you need a student loan instead), gambling and illegal purposes.
Things you can use a personal loan for:
You can use a personal loan to pay off existing debts, putting everything together with one easy monthly payment. This is a good option if you can get a lower APR on the personal loan than the APRs on your existing debts.
Medical bills are an unavoidable expense, and a personal loan can help you finance them over time instead of being overwhelmed immediately after treatment. You can also refinance expensive bills that are already taking a toll on your wallet.
Home improvement expenses are often a good thing to use a personal loan for because they can increase the value of your property.
Starting a business
Starting a business can cost thousands of dollars, even if it’s a small sole proprietorship. And it’s perfectly legal to use a personal loan for business. But doing so can be a gamble, considering 50% of small businesses fail in the first five years.
Some lenders, like LightStream, offer the possibility (but not the guarantee) of same-day funding. Most personal loans will be able to provide financing in 7 business days or fewer, though some may take up to a few weeks.
A broken car can make your life incredibly difficult. Taking out a personal loan to pay off the repairs can ensure you get back to normalcy sooner. The average American household spends over $800 per year on car repairs, according to Liberty Mutual. Personal loans are usually for $1,000 or more.
It’s good to have a memorable wedding. But it’s not the best idea to use a personal loan for one, even though it’s allowed. You probably don’t want to start married life with heaps of debt.
A funeral could cost over $10,000. If you can’t pay for the funeral out of the deceased’s estate or your own savings, you might consider a personal loan.
Vacations are fun, but they are a luxury. It’s best to pay for them using money you already have saved, but you can use a personal loan if you want to.
If you’re unable to pay for your pet’s medical bills all at once, a personal loan can help you spread out that expense.
You can buy pretty much anything with a personal loan, as long as it’s not illegal. But the best purchases to make are ones that are essential or a good investment, especially those too large to put on a credit card.
Those are just some of the expenses for which you can use a personal loan. However, just because you can use a personal loan for almost anything doesn’t mean you necessarily should. Personal loans charge interest and fees, so it’s best to only take out a loan for expenses that are necessary or will profit you in the long run.
A medical bill is an example of something that might be necessary, and remodeling a kitchen is an example of something that could make you money by increasing the value of a home. On the other hand, while you might be tempted to take out a loan for your dream wedding or vacation, it’s better to save first and only spend money you already have.
Finally, it’s worth noting that you won’t be able to use a personal loan for anything if you can’t get approved for one. Personal loans tend to require a credit score of at least 660, though some accept lower scores. You can see your personal loan approval odds with various lenders by using WalletHub’s free pre-qualification tool.
Personal loans let you borrow a sum of money from a lender and then pay it back in monthly installments over a set term – usually anywhere from 12 to 84 months. Those monthly payments include equal portions of the original loan amount, plus interest and fees. Personal loans can be used for debt consolidation, home improvements, vacations, big purchases and more. Understanding how things will go, from the time you apply to when you submit your final payment, is the key to making personal loans work for you.… read full answer
How Personal Loans Work
Lenders Review Applications.
You will need to provide personal information (such as your address and SSN), financial information (such as your income and employment status) and more. The lender will evaluate and hopefully approve you.
Applicants Receive Funds After Approval.
The issuer of the loan will deposit the money into your bank account as a lump sum. You can do whatever you wish with the money, unless the terms of the loan say otherwise.
Interest Charges Accrue.
From the day you take out the loan, the amount will begin accruing interest at a rate set by the issuer. So no matter how long it takes you to pay the loan back, you’ll always owe more than you originally took out.
Borrowers Make Monthly Payments.
The lender will give you a required amount to pay each month. You can pay more if you’d like, but make sure that there’s no penalty for paying the loan off earlier than the terms of the contract stipulate. Some lenders may charge a fee.
Loan Payments Build Credit.
The lender will report to the credit bureaus whether you’ve paid on time each month. Once you’ve paid off the entire balance, including interest and fees, the lender will report your loan as paid in full. Abiding by the terms of your loan can help increase your credit score.
Personal loans are pretty simple. You just have to make sure to submit your payments every month, and setting up automatic monthly payments from a bank account can go a long way in that regard. The most complicated part of the process is probably selecting the correct loan, but WalletHub’s comparison tool makes that easy.
The most common reasons for taking out a personal loan include medical bills, home improvements and debt consolidation. But the list of possible reasons why someone might want to apply for a personal loan is nearly infinite, as the funds from personal loans can be used for almost any purpose. Very few restrictions exist. Illegal activities and gambling are not valid loan uses, and you typically will not be able to use a personal loan for college education (you’ll use a student loan instead). But that’s about it.… read full answer
However, legitimately good reasons to get a personal loan only represent a small fraction of the countless motivations people have for wanting to borrow. The best reasons to get a personal loan are to pay off unavoidable, urgent expenses (e.g. hospital bills) and to make investments that will pay off in the future (e.g. home improvements that increase your house’s value).
You can use personal loans to pay for less urgent things, such as weddings or vacations, too. But it’s best not to go into debt for those kinds of expenses. The more responsible course of action is to pay with money you already have, so that if a financial emergency hits, you won’t already be in debt.
Reasons to Get Personal Loans:
They are versatile: The most common reasons for applying for personal loans include medical emergencies, debt consolidation, major purchases and home improvements.
They can have lower APRs than credit cards. New credit card offers have an average regular APR around 19%. The average personal loan APR is closer to 10%, and personal loans can have APRs as low as around 4%.
They offer flexible funding. Most personal loan providers offer minimum loan amounts of $1,000 to $5,000. But their maximum loan amounts can stretch anywhere from $25,000 to $100,000.
They have decent payoff periods. Personal loans can give you anywhere from 1 to 12 years to pay off the balance. While that’s shorter than the terms offered by some types of financing, like home equity loans, it’s a lot longer than the 0% introductory periods offered on credit cards (6 to 21 months).
They’re fast. Most personal loan providers will approve and fund you in less than a week. And the very best options can provide funding as soon as the same day you apply.
They usually don’t require collateral. The majority of personal loans are unsecured, although secured personal loans do exist.
There are lots of options. Tons of lenders offer personal loans, from banks to credit unions to online companies. There are choices for people of all credit levels.
There are a lot of good reasons to get a personal loan, and a multitude of different situations in which you can use one. If you’re ready to start your search, you can compare personal loans on WalletHub and get pre-qualified with multiple lenders without hurting your credit score.
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