Please Approve My Loan For $50000 ASAP – We Are Desperate
This consumer has a full time job along with his wife at the same company. They have been there for a few years, however are still considered temporary employees and do not qualify for health care. They have had some bad luck in the past few years. Their daughter had a serious illness and required hospitalization for a few weeks. Need less to say the health bill was pretty large.
Fortunately they arranged for and paid for health insurance of their own which covers 80% of their total health bill. The large bills for long term stay in a hospital totaled over $40,000 for their portion of the co-pay bill. This is a large amount and more than most people can handle without making some kind of financial arrangement. They are looking for a loan to pay off this medical bill. They feel they can afford the regular monthly payments of a loan.
They have let the situation get away from them. The hospital is at the point of hiring a debt collector to collect whatever they can from this couple if they do not pay in the next few weeks. It is important to them that they always pay their bills on time. They are desperate to find a lender to loan them money to pay their hospital bills before the hospital refers the debt owing to a debt collector.
This couple is in a difficult situation. There are a number of things they can do to deal with this problem. The first is to begin negotiations with the hospital. Most consumers are afraid to talk to the companies or in this case the hospital that they owe money too. The lender believes that the consumer is avoiding them and has no choice but to refer the loan or in this case the medical bill to a debt collector. They really do not want to do this since they know they are only going to receive penny’s on the dollar from the debt collector.
Set up a meeting to discuss how much is owed and what compromises can be made. There are professional negotiators who can help. They will charge a fee. In many cases it is well worth it to have them working on your side. They may be able to have the hospital bill reduced substantially saving the clients thousands of dollars. In this case the consumer will still need a loan, but a much smaller one. There are no guarantees, but it is worth a try.
With the information provided, this consumer will likely qualify for a loan, a smaller one. Both he and his wife have jobs that pay well and they are supported by the company as well. More to come on this consumers application for a loan.
DEFAULT LOAN APPLICATION FOR BORROWER’S INFORMATION
Home/Mortgage Loan Amount :: $50000
Home Loan Application and Processing Speed (when do you need the funds):: we need the funds as quickly as possible. we have medical bills and car loan payments. we have to pay them by the end of the month or they will be transferred to a collection agency.
Do you currently have a mortgage? :: no, we rent an apartment
Bank Name and Branch :: Wells Fargo Bank, Hamilton Ave
What City/Town, State and County do you live in? :: Palo Alto, California
What is your employment field? :: 94301
Employment Position :: Both my wife and I work in the hi-tech industry. We are circuit board inspectors and assemblers
When are you paid? (monthly/weekly/biweekly):: biweekly
Your credit rating to be – excellent, fair, or bad? :: bad
How did you find us? :: looking for online loans that process loans fast
How are you paid? (direct deposit/paper check):: direct deposit
Gross Amount Per Paycheck :: $3200
Do you agree to have this information published online, without your PRIVATE information of course? :: sure, no problem
Extra information here please (some detail):: My wife and I work for the same company. We met there and have worked for the same firm for the past two years. Unfortunately we are both considered part time even though we work full time. The bottom line is that we do not get any medical benefits. We have to buy coverage separately, which we have done.
Unfortunately it only covers 80%, so 20% of a $200,000 medical bill is $40,000 which is what we have to find a way to pay. The medical bills are for our daughter who ended up with a serious medical problem and was hospitalized for over two weeks. The medical charges are horrendous. We have not paid anything yet and they tell us that if we do not pay something soon they will refer the bill to a collection agency.
We are really desperate and need to find a loan that charges little interest so we can pay on a monthly basis. We also have a small car loan so we thought we would just combine what we owe with this medical bill into one loan for a total of $50,000.
The company has been really good to us. My wife has had to take time off to be with our daughter while she was in the hospital. They have kept her job for her and want us both to continue working for them. The company is doing well compared to many other startups. We have products to sell that are in demand.
Note to Lender ::
Can you help us with this loan, we are desperate. If you have other suggestions on how to handle this medical bill we would really appreciate it. Some people have suggested we try to negotiate with the hospital to bring the bill down. Others have suggested we just declare bankruptcy. We do not want to go in that direction. We always pay our bills and do not want to deal with the stigma of declaring bankruptcy. We are not sure that we would even qualify for bankruptcy as well.
By the way our daughter has fully recovered, we are so lucky. Now we just have to recover from this huge medical bill. Our daughter wants to get a job to help pay. She feels so bad, She is only 10. Can you believe it? Please help we are desperate for a solution and a loan so we can pay this medical bill.