When you struggled to get your finances in order in preparation for tubal ligation surgery, you probably thought you’d never have to go through the ordeal again. Hours of chatter with a bank employee and those endless amounts of paperwork are nothing to be satisfied about after all. However, sure enough, a few years later you decided that you wanted another child. Hopefully, your financial situation has improved since your initial procedure. If not, this time you want to be a little smarter while scouting around for financial aid.
If you have absolutely no cash to spare, you might be wondering whether any organizations offer complete coverage for tubal reversal surgery. There are some, but the demand for donations is so high that they can’t even begin to accommodate all the patients that apply for financial assistance. The average tubal reversal surgery costs a few thousand dollars, which already creates a problem because this is difficult capital to raise for multiple patients. Your best source of funding for surgery is through a lending institution like your bank. If for some reason your are avoiding this route (perhaps your credit history is spotty), we won’t be the first to tell you that you have to knuckle down and getting everything in order.
You can bypass a checkered financial past by getting a cosigner for your tubal reversal loan or even settling with a very high interest rate, but neither of these options is recommended if you aren’t capable of repaying your loan. That is unless, you want to dig yourself into an even deeper financial hole. The better option is to set a deadline for getting your credit polished up (at least a year or more from present day), and during that entire year consolidating your debt and keeping up with your monthly payments. If you don’t have any credit history whatsoever, you will need to get started with a secured credit card and go from there.
This entire process of rebuilding your credit can take a long time. In the meantime, try to save money wherever possible. Clear out your garage of unused items and have a garage sale. Try to tighten down on the luxuries in your household such as premium channels on cable or the extra fast internet. Challenge yourself to save an extra $100 or $200 a month, and increment the amount as necessary. Before you know it, lenders will be lining up to give you the money and you will be borrowing much less because you did your homework and saved up.
The long wait while this process unravels can without doubt be discouraging, but if you let the excitement of restoring your fertility get in the way of financial common sense you may be in for a rude awakening. Some lenders take advantage of the fact that there is a degree of desperation when trying to obtain a tubal reversal loan and thus may charge inflated rates or otherwise seek to better their standing. Don’t fall pray to unscrupulous tactics like these.