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raquel_q - September 17th, 2010 2:16 AM

I am considering taking an ivf loan from capital one. i am not sure of the interest rate yet, but do you think getting a loan to pay for treatment is OK?

Heart7654 - September 17th, 2010 3:09 PM

Ouch... this is a toughie.

I took out a cash loan from one of my credit cards for fertility treatments. It had low interest because I've been a cardholder for almost 20 years (since freshman college).

So if you can get a good deal on the interest rate, then perhaps it is OK to get an IVF loan.

BTW. dont forget to read the fine print before you sign anything!

Ysah - September 17th, 2010 10:05 PM

Well, for me it's really a no no thing. I'm not in favor of having a treatment by just getting a loan because were not quite sure if we can have a successful treatment and then, loans are really payable.

Sally - September 17th, 2010 10:07 PM

Wait! I think every loan are really payable. Can you site one that is not? But if you really want to be treated, I guess getting a loan if you have money is an option.

marcy - September 18th, 2010 2:09 AM

IVF is expensive, around $12000 per cycle in NY. i have insurance but it does not fully cover the whole procedure. I have to shell out some of my own money to pay for IVF.

I took out a loan on my retirement fund. I took out a loan from our local bank. We have our mortgage there too and they had an attractive package. Its not a lot but it helps with the bills for the fertility treatment.

I think taking out a loan is OK whether or not the treatment is successful. At least you tried. I only advice on the loan if the interest rate is reasonable as well as the length of the loan.

Artemis - September 19th, 2010 2:16 AM

When you take out the loan, the terms of the loan is the most important thing to look at. It should have low interest rate and should be payable at a reasonable amount of time.

Also, before you consider taking out one, make sure you have a stable job so as not to compound financial woes.

Mikoto - September 19th, 2010 5:05 PM

I got some loans too. The important thing is that you dont get behind on payments and it should be something you and your husband agree to. This will lessen the drama in the future, because IVF is very expensive!

heatherlyn - September 29th, 2010 10:19 AM

Getting a loan is really a though decision..but if there is no other option, just for you to be treated, then I think there is nothing wrong with it.

jinky - October 2nd, 2010 11:57 AM

Well, for me, as much as I want to have a loan, for such fertility treatment, I really can't because I don't know If I can afford to pay back.LOL!

Fhina - October 10th, 2010 1:03 AM

Getting a loan would be very helpful. But always remember, that it has interests and you need to pay it, don't easily grab it without thinking of the advantages or the disadvantages it will have on you.

ANNE - October 11th, 2010 2:59 AM

compare interest if you plan to take out loans for ivf and other fertility treatments. I made the mistake of taking a cash advance out of my credit card without looking at the 3% interest rate! the lower the interest the better...

BTW, im still paying for that mistake =(

Fred_Flintstone - October 13th, 2010 3:57 AM

I got a private loan from a childless family member. I think she sympathizes which is why she loaned us the money. I am thankful though at it does not carry interest.


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