How to Afford a Personal Trainer: The Ultimate Guide

Investing in your physical health is crucial, and one of the best ways to do so is by hiring a personal trainer. However, the cost of a personal trainer often puts many potential fitness enthusiasts in a financial bind. If this describes your situation, then this guide is for you. Here we will outline several strategies to navigate the expenses associated with personal training, including how to afford a personal trainer and leveraging financing services like those offered by United Credit. How Much Does a Fitness Trainer Cost? The cost of a personal trainer varies greatly depending on factors like location, experience level, and specialty. On average, you might expect to pay anywhere from $30 to $100 per hour-long session. However, despite these costs, many find the personalized instruction and motivation provided by a trainer invaluable for achieving their fitness goals. You might ask, “Why are personal trainers so expensive?” There are several factors to consider. Trainers invest significant time and money in their education and certification processes, and their expertise reflects this investment. In addition, the cost includes their time to develop personalized fitness plans, often done outside the training sessions. 6 Tips to Afford a Personal Trainer It’s possible to afford a personal trainer on a budget. Here’s how: 1. Determine Expenses You Can Trade or Give Up First, look at your current spending. There may be expenses you can reduce or eliminate to make room for a trainer. Do you have subscriptions you don’t use? Could you cook at home more instead of eating out? Small changes can make a big difference. 2. Start Small (2-3 Sessions Per Week) Starting with a few sessions per week, instead of daily training, can significantly reduce costs. This approach also allows for independent practice of exercises, reinforcing what you learn. 3. Train with a Partner to Split the Costs Working out with a friend or family member can make personal training more affordable. Many trainers offer group sessions at a discounted rate per person. 4. Finance Your Fitness Trainer United Credit offers financing services specifically designed for the wellness/fitness industry. With a loan, you can spread out the cost of personal training over a longer period, making it more manageable. 5. Train Virtually Online personal training can be a more affordable alternative to in-person sessions. Trainers can guide you via video call, eliminating travel costs and often reducing session rates. 6. Find Training During Off-Peak Hours Many trainers offer discounted rates during off-peak hours. If you can fit sessions into your schedule during these times, you can enjoy the benefits of personal training at a reduced cost. United Credit Can Help You Finance Your Fitness Goals No one should have to compromise on their health due to financial constraints. At United Credit, we understand that. That’s why we specialize in providing fitness and outdoor equipment loans that can help you afford a personal trainer. With our consumer loans, you can finance your fitness goals and pay back the amount over time in a way that suits your budget. We have years of experience and expertise in the personal training industry and offer a variety of options tailored to fit your financial needs. Our loans can be used for fitness equipment or professional services, including personal trainers. Taking a step toward your health and fitness goals doesn’t have to be a financial burden. At United Credit, we’re here to help you find the best solution to navigate the cost of personal training. Explore our fitness and outdoor equipment loans to see how we can assist you in achieving your goals. You can also learn more about how our consumer loans work. United Credit strives to keep the content shared on this blog accurate and up to date. You are urged to consult with business, financial, legal, tax and/or other advisors and/or medical providers with respect to any information presented. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial or medical institution. This content is intended for informational purposes only. Follow us on social: Linkedin-in Facebook-f Instagram Twitter

Installment Loans vs “Same as Cash” Financing Offers

When it comes to borrowing money, you have plenty of options. It’s important to do your research and understand the intricacies of these options before borrowing money. Today, we’re focusing on two popular lending options: installment loans and “same as cash” financing offers. Though both can help you fund major purchases, each has unique features that can significantly impact your finances. What are Installment Loans? An installment loan is a straightforward borrowing method that involves borrowing a specific amount of money and repaying it over time in equal installments, generally on a monthly basis. This could be over a few months, a few years, or even a few decades. The benefit of such loans lies in the predictability they offer. One of the greatest advantages of installment loans is their fixed interest rates. These loans typically come with a set interest rate for the entire loan term. This means the amount you repay every month is constant, so you can budget effectively without worrying about fluctuating interest costs. Installment loans also come with the benefit of flexibility. These loans can be used for various purposes, including buying a car, home renovations, or consolidating high-interest debt. With an installment loan, you can get the funding you need without stringent restrictions. Another advantage of installment loans is their impact on your credit score. Regular, on-time payments of an installment loan can help you build a solid credit history. This not only enhances your credibility in the eyes of lenders but also improves your chances of securing better loan terms in the future. What are “Same as Cash” Financing Offers? On the surface, “same as cash” financing offers can appear quite attractive. They promise you a period—often 6 to 12 months—during which you can repay the borrowed amount without incurring any interest. That sounds like a great deal, right? However, there’s more than meets the eye. First, these offers come with a catch known as deferred interest. If you cannot repay the total loan amount within the promotional period, you will be charged interest on the entire loan amount from the date of purchase, not just the remaining balance. This interest rate is typically much higher than that of an installment loan and can lead to a financial shock. Another drawback of “same as cash” financing offers is their potential impact on your credit utilization ratio. These offers are typically a type of revolving credit, which means the borrowed amount directly impacts your credit utilization ratio. A high utilization ratio can lower your credit score, affecting your ability to secure credit in the future. The complex terms and conditions of these offers can also lead to confusion and additional costs. Late or missed payments can often trigger penalties, and these conditions are frequently buried in the fine print, making it easy for consumers to overlook. Lastly, “same as cash” financing offers are limited to specific retailers or purchases. This restricts your buying options and may force you into buying from a more expensive or less reputable vendor. Conclusion While both installment loans and “same as cash” financing offers have their places in the financial world, it’s crucial to understand their intricacies before making a decision. The predictability and flexibility of installment loans make them an appealing choice for many. On the other hand, the superficial attractiveness of “same as cash” financing offers can mask some less-than-favorable terms that could end up costing you more in the long run. As with any financial decision, always consider your personal financial situation, needs, and risk tolerance. And most importantly, read the fine print. A well-informed consumer is a financially secure consumer. United Credit strives to keep the content shared on this blog accurate and up to date. You are urged to consult with business, financial, legal, tax and/or other advisors and/or medical providers with respect to any information presented. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial or medical institution. This content is intended for informational purposes only. Follow us on social: Linkedin-in Facebook-f Instagram Twitter

Credit Cards vs. Personal Loans: What’s the Difference?

When it comes to managing your finances, borrowing options like credit cards and personal loans play a crucial role. While both can help you cover unexpected expenses or consolidate debt, there’s a dark side to credit cards that can lead to dangerous financial situations. In this blog post, we’ll explore the differences between credit cards vs. personal loans and shed light on these financing options. Understanding Credit Cards and Personal Loans A credit card is a revolving line of credit that allows you to make purchases and pay back the balance over time. You’re given a credit limit, and you can spend up to that amount. As you pay off your balance, your available credit replenishes. Credit cards often come with rewards, cashback, or other perks, which can make them an attractive option for everyday spending. This is a key component of the comparison of credit cards vs. personal loans. On the other hand, a personal loan is a fixed-term loan that provides a lump sum of money upfront. You’ll have a set repayment schedule, usually with fixed monthly payments. Personal loans are typically used for specific purposes, like home renovations, medical procedures, or retail purchases. Why Credit Cards Can Be Dangerous High-Interest Rates: One of the most significant drawbacks of credit cards is their high-interest rates. If you don’t pay off your balance in full each month, you’ll be charged interest on the remaining balance, leading to a rapidly growing debt. In contrast, personal loans usually offer lower interest rates, making them a more cost-effective borrowing option. Minimum Payments: Credit card companies often require only a small minimum payment each month. While this might seem appealing, it can lead to a never-ending cycle of debt as interest accumulates on your remaining balance. With a personal loan, your monthly payments include both principal and interest, ensuring you pay off the loan within the set term. Revolving Debt: Credit cards allow you to continue borrowing as you pay off your balance, making it easy to fall into the trap of overspending. Unlike personal loans, which have a fixed repayment term, credit cards can keep you in perpetual debt if you don’t manage them responsibly. Late Fees and Penalties: Missing a credit card payment can result in late fees and penalty interest rates, making it even harder to pay off your balance. In contrast, personal loans often come with more lenient late payment policies and may even offer a grace period before late fees apply. Impact on Credit Score: Carrying a high credit card balance can negatively affect your credit utilization ratio, which accounts for 30% of your credit score. A high utilization ratio can lower your credit score, making it more difficult to secure loans or other credit in the future. Personal loans, on the other hand, can help you maintain a lower credit utilization ratio, improving your credit score over time. Temptation of Rewards and Perks: Credit card companies often lure customers with rewards, cashback, or other perks. While these incentives can be valuable, they can also encourage excessive spending, leading to debt accumulation. With personal loans, there’s no incentive to spend beyond your means, making them a safer borrowing option. Personal Loans vs. Credit Cards Fixed Interest Rates: Personal loans usually come with fixed interest rates, meaning your monthly payment remains the same throughout the loan term. This predictability makes it easier to budget and manage your finances. Set Repayment Term: Personal loans have a predetermined repayment term, which helps you plan and ensures you’ll be debt-free once the loan is paid off. Lower Interest Rates: Personal loans generally have lower interest rates than credit cards, especially if you have a good credit score. This means you’ll pay less in interest over the life of the loan, making it a more cost-effective borrowing option. No Temptation to Overspend: Since personal loans provide a lump sum upfront, there’s no revolving line of credit to tempt you into overspending. You’re less likely to accumulate debt when using a personal loan compared to a credit card. Debt Consolidation: Personal loans can be an excellent tool for consolidating high-interest credit card debt. By taking out a personal loan with a lower interest rate, you can pay off your credit card balances and save money on interest while having a clear path to becoming debt-free. While credit cards can be useful financial tools when used responsibly, their high-interest rates, revolving debt, and temptation to overspend may make them a dangerous trap for many consumers. Personal loans, with fixed interest rates, set repayment terms, and lower interest rates, can be a safer and more responsible borrowing option. If you’re considering a loan or a credit card for a major purchase, debt consolidation, or unexpected expense, it’s essential to carefully evaluate your options and choose the one that best fits your financial situation and goals. By understanding the risks associated with credit cards and the benefits of personal loans, you can make informed decisions and avoid falling into the debt trap that credit cards can create. Always remember that responsible borrowing and proper financial management are key to maintaining a healthy financial future. United Credit strives to keep the content shared on this blog accurate and up to date. You are urged to consult with business, financial, legal, tax and/or other advisors and/or medical providers with respect to any information presented. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial or medical institution. This content is intended for informational purposes only. 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What are the pros and cons of using a midwife?

When it comes to pregnancy and childbirth, there are many different options for care providers. One popular choice is a midwife, a trained professional who specializes in providing personalized care and support to women during pregnancy, childbirth, and the postpartum period. In this blog post, we will explore the pros and cons of using a midwife, the cost of midwife services, and how to explore your financing options through United Credit. What are midwifery services? Midwife services are a type of healthcare service that specializes in providing care and support to women during pregnancy, childbirth, and the postpartum period. Midwives are highly trained professionals who offer a wide range of services, including prenatal care, childbirth support, and postpartum care. They are experts in natural childbirth and focus on providing a more personalized and holistic approach to pregnancy and childbirth. Pros of using a midwife One of the main benefits of using a midwife is the personalized care and attention they provide. Midwives take the time to get to know their patients and provide care that meets their specific needs. They offer a more natural approach to childbirth, focusing on supporting the body’s natural processes rather than relying on medical interventions. This can lead to a more positive birthing experience for both the mother and baby. Another benefit of using a midwife is the lower rate of interventions and complications during childbirth. Studies have shown that women who use midwives have a lower rate of cesarean sections, episiotomies, and other medical interventions during childbirth. This can lead to a faster recovery time and a better overall birth experience. Cons of using a midwife While there are many benefits to using a midwife, there are also some potential drawbacks to consider. One of the main concerns is the lack of access to medical interventions in case of an emergency. While midwives are trained to handle many complications that may arise during childbirth, there are some situations where medical intervention is necessary. If this occurs, it may be necessary to transfer to a hospital or work with a medical doctor. Another potential drawback is the lack of insurance coverage for midwifery services. While some insurance plans do cover midwife services, many do not. This can make it more challenging to afford midwife care, especially for those who do not have the financial resources to pay for it out of pocket. Cost of midwifery services The cost of midwife services can vary depending on the location and type of services provided. On average, midwife care can, on average, cost between $2,000 and $5,000 for a standard prenatal care and vaginal delivery. However, the cost can be higher for more complex pregnancies or for those who require additional medical care. For those concerned about the cost of midwife services, United Credit offers financing options to make it more affordable. United Credit works with lending partners that provide financing options for medical services, including midwife services. Flexible payment options can help patients to pay for their midwife services over time, rather than all at once. This can help to make midwife services more accessible and affordable for patients who might not have the financial resources to pay for them upfront. Additionally, United Credit’s lending partners can offer competitive interest rates and a variety of loan options to meet the specific needs of patients who qualify. Using a midwife can be a great option for those looking for personalized care and a more natural childbirth experience. While there are some potential drawbacks to consider, many patients find that using a midwife is a positive and rewarding experience. If you’re concerned about the cost of midwife services, consider exploring financing options through United Credit. Start your application here. United Credit strives to keep the content shared on this blog accurate and up to date. You are urged to consult with business, financial, legal, tax and/or other advisors and/or medical providers with respect to any information presented. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial or medical institution. This content is intended for informational purposes only. Follow us on social: Linkedin-in Facebook-f Instagram Twitter

How Do Consumer Loans Work? (The Ultimate Guide)

Consumer loans are a type of credit that individuals can obtain to finance their personal expenses, medical procedures, or major purchases. These loans can help consumers achieve their financial goals, whether it’s getting cosmetic surgery, renovating a home, or paying for after school tutoring services. However, it’s important to understand how consumer loans work to make informed decisions about borrowing money. In this guide, we’ll explore the different types of consumer loans, how they work, and what factors to consider when deciding whether to take out a loan. Types of Consumer Loans There are several types of consumer loans, each with its own unique features and requirements. The most common types of consumer loans include: Personal Loans: Personal loans are unsecured loans that consumers can use for any purpose, such as major medical procedures, home improvements, or unexpected expenses. These loans typically have fixed interest rates and repayment terms, and borrowers must have good credit to qualify. Auto Loans: Auto loans are secured loans that consumers can use to purchase a new or used vehicle. These loans typically have fixed interest rates and repayment terms, and the vehicle serves as collateral for the loan. Home Equity Loans: Home equity loans are secured loans that consumers can use to borrow against the equity in their homes. These loans typically have fixed interest rates and repayment terms, and the home serves as collateral for the loan. Credit Cards: Credit cards are a type of revolving credit that consumers can use to make purchases and pay off over time. Credit cards typically have variable interest rates and may come with rewards programs or other benefits. How Consumer Loans Work Consumer loans work by providing consumers with access to funds that they can use for personal expenses or purchases. When a consumer takes out a loan, they receive a lump sum of money upfront and agree to repay the loan over a set period of time. Each loan has its own interest rate, which is the cost of borrowing money. The interest rate may be fixed or variable, depending on the type of loan. A fixed interest rate stays the same for the entire repayment term, while a variable interest rate may change based on market conditions. In addition to the interest rate, loans may also come with fees such as origination fees or prepayment penalties. It’s important to understand these fees before taking out a loan to avoid any unexpected costs. When a consumer takes out a loan, they agree to make regular payments over the repayment term. These payments typically include both principal and interest and are calculated based on the loan amount, interest rate, and repayment term. Factors to Consider When Taking Out a Consumer Loan Before taking out a consumer loan, there are several factors to consider: Interest rate: The interest rate determines the cost of borrowing money, so it’s crucial to compare rates from multiple lenders to find the best deal. Repayment term: The repayment term determines how long the borrower has to repay the loan, and longer terms typically result in lower monthly payments but higher total interest costs. Fees: Loans may come with fees like origination fees or prepayment penalties, so it’s important to understand these costs and the terms before taking out a loan. Credit score: Lenders may consider the borrower’s credit score when determining whether to approve a loan and what interest rate to offer. Collateral: Some loans, such as auto loans or home equity loans, require collateral to secure the loan. It’s important to understand the risks associated with using collateral before taking out a loan. Conclusion It’s also important for consumers to understand their own financial situation and budget before taking out a loan. Borrowing too much money or taking on payments that are too high can lead to financial strain and difficulty making ends meet. Consumers should only borrow what they can afford to repay and ensure that their budget can accommodate the loan payments. When shopping for a consumer loan, it’s a good idea to compare rates and terms from multiple lenders. This can help consumers find the best deal and save money on interest over the life of the loan. United Credit has a lending partner network, which offers consumers access to more financing options, more opportunities for approvals, and more peace of mind to pursue the purchases they need. In addition, consumers should read the loan agreement carefully before signing. The agreement will outline the terms and conditions of the loan, including the interest rate, repayment term, fees, and any other important details. Consumers should ask questions if they need clarification on any aspect of the loan agreement and ensure that they fully understand the terms before agreeing to them. Consumer loans can be a useful tool for financing personal expenses or purchases. However, it’s important for consumers to understand how they work and what factors to consider before taking out a loan. By comparing rates, understanding fees, and considering their own financial situation and budget, consumers can make informed decisions about borrowing money and achieving their financial goals. To explore your consumer loan options with our lending partner network, you can start an application here. United Credit strives to keep the content shared on this blog accurate and up to date. You are urged to consult with business, financial, legal, tax and/or other advisors and/or medical providers with respect to any information presented. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial or medical institution. This content is intended for informational purposes only. Follow us on social: Linkedin-in Facebook-f Instagram Twitter

What are the Benefits of Consumer Financing?

In today’s world, purchasing big-ticket items like a car or a home often requires a significant financial investment. Unfortunately, not everyone has the means to make these purchases upfront. That’s where consumer financing comes into play. Consumer financing is a loan option that allows individuals to make major purchases without having to pay for them upfront. Instead, they can make monthly payments over a period of time. In this blog post, we will discuss the benefits of using consumer financing and how United Credit can help connect consumers with the loan they need for major purchases and medical procedures. Benefit #1: Flexibility in Payment Options One of the biggest benefits of consumer financing is the flexibility it offers in payment options. This is because you can choose the repayment period that suits you best. If you opt for a longer repayment period, you’ll have lower monthly payments, which can be ideal if you have other financial obligations to fulfill. If you want to pay off your loan faster, you can opt for a shorter repayment period with higher monthly payments. This allows you to customize your repayment plan to fit your financial needs and lifestyle. Benefit #2: Easy Application Process Applying for consumer financing is often much easier than other types of loans. With United Credit, you can apply online from the comfort of your own home. The application process is simple, and you’ll receive a decision in just a few minutes. This means you can get the financing you need quickly and easily without having to go through a complicated application process. Benefit #3: Access to Higher Quality Products and Services Consumer financing can help you access higher-quality products and services that you might not have been able to afford otherwise. For example, if you need a medical procedure, but your insurance won’t cover it, consumer financing can help you get the procedure done without having to wait or settle for a lower-quality option. Benefit #4: Lower Interest Rates Consumer financing often comes with lower interest rates than other types of loans. This means you’ll pay less in interest over the life of your loan, which can save you a significant amount of money in the long run. How United Credit Can Help United Credit is a financial technology company that connects consumers and businesses with an array of experienced, innovative financing solutions. Through our lending partner network, we offer consumers access to more financing options, more opportunities for approvals, and more peace of mind to pursue the purchases they need. United Credit has a simple and easy application process. You can apply online in just a few minutes, and you’ll receive a decision quickly. Ready to get started? Begin your application here. United Credit is NOT a lender. We simply send your information to our lender network for approval and credit terms. Credit approval is not guaranteed. Please refer to our complete Terms and Conditions at: unitedcredit.com/terms-and-conditions United Credit strives to keep the content shared on this blog accurate and up to date. You are urged to consult with business, financial, legal, tax and/or other advisors and/or medical providers with respect to any information presented. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial or medical institution. This content is intended for informational purposes only. Follow us on social: Linkedin-in Facebook-f Instagram Twitter

How Can I Get Medical Procedure Financing?

Medical procedure financing helps patients get the surgical procedures they need today without waiting. Health insurance companies do not cover many medical procedures, such as cosmetic surgery, LASIK surgery, breast augmentation, and other “elective” procedures. However, you don’t need to let that stop you from enjoying perfect vision or a more youthful look. With a medical loan, you can pay for a procedure without going into credit card debt or relying on your medical providers’ financing options. You can do this through something known as “medical procedure financing.” Read on to learn more. What Is Medical Financing? Medical financing is the process of securing a personal loan to cover medical-related expenses. People use medical procedure financing to pay for both planned and unplanned medical treatments. Patients also rely on financing to cover related medical expenses, such as prescriptions, copayments, deductibles, and even medical debt consolidation. United Credit has an extensive network of lenders that allows us to help patients from all financial backgrounds. Whether you have a less-than-perfect credit score or excellent credit, United Credit can help you pair with a lender and take out a loan with affordable monthly payments. Our years of experience let us offer medical financing solutions for patients with subprime credit, and we can help you apply with a co-signer so you can get the best rates on your medical loan. The Benefits of Medical Procedure Financing If you need a medical procedure, you have options on how you finance it. Medical procedure financing is an excellent way to get the surgery you need right away. Many benefits exist, including: Fast Funding With medical procedure financing, you can often receive funding far faster than you would otherwise. For example, you won’t need to wait until you’ve saved enough money to cover the procedure on your own. You also won’t need to wait for your health insurance provider to determine if a procedure is covered. Variety of Loan Terms We work with a diverse lending partner network, and you may qualify for loans from various lenders. As a result, you’ll have the power to choose between different repayment terms and interest rates, so you can find the loan that suits you best. Plus, you may qualify for better terms or interest rates depending on your credit score, among other factors. Cheaper Than a Credit Card Using a credit card to pay for medical procedures can get expensive quickly. Credit cards commonly have high interest rates, potentially leaving you on the hook for far more than your initial procedure cost. Interest rates and fees can also make it difficult to pay off the deficit, which can cause your debt to snowball out of control. Poor Credit Doesn’t Necessarily Bar You from Financing Securing a loan can be a challenge if you have poor credit. Fortunately, United Credit works with a diverse group of lenders to make it easier for consumers to potentially qualify for medical procedure financing. You can also apply for financing with a co-signer, which may improve your approval odds. Once you’ve reviewed all of your financing options, you’ll be able to choose the loan term that works best for you. FAQ ON PATIENT FINANCING: COMMON MEDICAL FINANCING QUESTIONS PATIENTS ASK What Credit Score Is Needed for Medical Financing? Every lender has its own credit score requirements and underwriting practices, which take many factors into consideration in addition to FICO. You can get your credit score from any major credit bureau, although your score may vary from credit bureau to credit bureau. This is because each bureau uses its own rating scale. You can request your report from the major credit bureaus and compare their profile with your credit history. It’s a good idea to dispute any incorrect items in your history before using United Credit’s online application to apply for patient financing. How Can I Get a Medical Loan for Surgery? United Credit can help match patients with medical loans for surgical procedures. While an excellent credit score provides more options when it comes to loan amounts and loan terms, patients of all credit backgrounds can qualify for a medical loan for procedures. A medical loan can pay for procedures that health insurance companies do not cover, such as in vitro fertilization (IVF) or other fertility treatments, LASIK eye surgery, weight loss surgery, and plastic surgery, as well as associated medical costs. How Can I Get a Medical Loan with Bad Credit? A medical loan can help patients receive the treatments they need today without waiting. Medical loans can have a lower interest rate than medical credit cards, which often have a grace period for repayment, but then the interest rate can skyrocket. Many patients prefer to borrow money for medical care rather than drain their savings accounts. A co-signer may help patients with bad credit qualify for a line of credit to pay for medical care that is not covered by their health insurance through our lending partners. United Credit has years of experience working with patients of all financial backgrounds. Click here to learn how medical providers can help simplify this process for patients. How Do I Apply for a Medical Loan? It’s easy to apply online through United Credit to get a loan for medical expenses. You will need some basic financial information to get started, such as your income and desired loan amount. You will be matched with a lender in United Credit’s network based on your credit history. Next, you can compare medical loans and decide on the best fit. United Credit can help you select a loan with affordable monthly payments and work out a loan term with a payment plan that is right for your unique financial situation. Apply here now. Can You Pay for Surgery in Installments? With loan funds from a lender in United Credit’s network, patients can pay for surgery, and other healthcare needs upfront. Many patients want to avoid credit card debt, high-interest rates, and late fees. Types of financing vary from clinic to