Question:
Patient Financing Loan Company- Has Anyone Used Them?

I Need Info On This Loan Company. If You Need 1500.00, Can You Take Out A Loan For 1800.00 Or 2000.00 For Dialy Living Expenses While You're Off Work Or Do They Not Do This? Thanks Cheryl    — [Deactivated Member] (posted on May 4, 2003)

May 4, 2003
In my opinion, the "patient financing" loans are just exactly the same as any other type of loan such as a credit card, etc. However, if you have any equity in your home, you can get a line of credit and the interest will be tax deductible. I would seriously doubt if a patient financing loan would have as good a rate as say, if you have a car that is paid off, you could get a loan on the car for a pretty good rate and just make car payments. I would definitely compare rates!
   — bethybb